Shriram Properties

I am one of the person among thousands got cheated by Shriram. I bought a land in Shriram Malhaar and ended up in paying money for lawyer to run the case. Don't know when it will be done. If you want your money safe never ever think of this cheaters.

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Hello,

My Detail:

Name: Alok Kumar

I had paid Shriram properties Rs1, 50000 for their new launch project Shriram Codename "Smash Hit", project Name: "Shriram Serenity"on 29th Sep 2024.

The Shriram Properties salesman told me that I can get the refund within 20-30 days if I do not like the project afterwards.

When I enquired after 20 days with the Shriram about my refund as I did not like the final price of the project, I get the message from Ajit Singh rathore(xxxxxxxxx.x@shriramproperties.com, 951333xxxx) on 25th October 2024 that payment will be made after 60 days.

This change in date was done unilaterally by the Shriram properties without taking my consent.

Even if I take his new 60 days notice, it is finished on 29th of November and I have not received the amount yet.

They have not paid my advance amount yet, I need your support to get it back at earliest and punish the builder for lying and making the customer fool with false promises.

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Given preference to land owner flats,

Sold parking place to others,

Improper planning in design for cost cutting,

Not able to complete on time,

Wasting all customers money,

Playing with all customers emotions,

Always convincing without any solutions,

Cheating all customers by using CRM team.

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Dear Buyers

Please confirm your parking space allotment before booking flats in any of the Shriram properties.

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Such a pathetic, disgusting customer service. Booked a unit in Shriram 107 southeast, E-City Bangalore and made 10% payment as upfront payment. Until they collect the initial payment, they were prompt and accurate, since then no response to client emails on any queries and did not execute the sale agreement for 2.5 months for lame reasons. All my escalation emails and calls went unanswered. Simply took money from customers and playing around with no ethics/liability on clients' concerns.

Just for the brand name SHRIRAM booked a unit but feeling so disappointed, fooled, looted.

Strongly avoid going to Shriram as they are no different than broadlight looting company with false promises and extremely poor customer service.

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I booked a flat at Shriram Sapphire (Code Name Ultimate) in Bangalore, only to be blatantly deceived by Shriram Properties. The sales person Papiya Jana lied about the delivery date and an EMI discount. Realizing the scam, I canceled the booking the very next day. They agreed but over two months later, I’m still waiting for my refund.

Shriram Properties has since ghosted me. Papiya Jana, the contact person, gives empty excuses with no follow-through. It’s clear they have no intention of returning my money.

This is outright fraud. I strongly warn anyone considering Shriram Properties—stay far away unless you want to be cheated.

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Pathetic Building Quality.

Cracks everywhere

Overpriced Small Flats

Non Responsive CRM team

Non Responsive Customer care team

Pathetic Shriram team altogether

Post booking, they just want to loot your money without any intention of providing any service or answer even basic queries

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They Don't keep up their words. Definitely don't book anything in prelaunch state. Full of false promise and they change the cost sheet whenever they wish.

Recently booked a flat in Shriram Sapphire(CODENAME ULTIMATE) 2 BHK starts from 75L for a carpet area of 700 Sqfeet and 2027 handover. Isn't it too costly?

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Absolute fraud. Do not fall for paid positive reviews. Booked an appartment 7 years back and after paying 90% of the property value still not sure if this project will be completed. CRM is asking us to pray for project completion as this is only thing possible. Now the property ownership is also under question. Please check the link below

https://reddit.com/r/LegalAdviceIndia/comments/169oqv2/please_help_what_does_this_mean/

Don't invest your money with Shriram property unfortunately if decided to do so please make sure that you pray every day.

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There may be not much appreciation on north & he charges double price.No safety as height increases.

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Plz don't buy property in Sriram Properties. They are not genuine. pukka cheat. when blocking the unit they say it is completely refundable amount . but when we are not satisfied with the project and ask for money, they will stop responding you. wont pick your call . not at all trustworthy. don't invest your hard earned money in this project

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Quality Construction and Good location for investment. CRM team is very polite and clarified all doubts.

Delay in construction but Construction quality is very good. I am very happy on my investment in this project.

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I have no idea about this builders previous projects. I trusted him as a brand and invested in the project named "Shriram 107 South East" with a code name "Dil chahta hai Dobara"

Purchased in 2019, I was attracted by their offer of no EMI till Possession. All of their marketing executives, marketing heads, tele marketing and every person whom I have interacted has stressed on the same point that there is no EMI till possession.

From last few months they are asking us to disburse the payments by giving HLT declaration to the bank. Now, as the bank disburse the amounts the interests are increasing. We are unnecessarily paying the higher interests for the delay in project.

IMPORTANT:

Till the project is delayed, the interests needs to be paid by us which is not a part of the EMI. Bank is also calm because its getting the extra interest, which is not part of the loan

EMI after possession is just an advertising stunt. Its a joint game plan of the builder and a bank. Builder needs funding and bank needs interest, people who invested believing them are BAKRAS(we the ones).

I request every investor in the project to form a group and file a case against the builder to collect all the extra interests paid by us for the delay in the project.

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This community is full of corrupt, political people, worst with pet policy, worst people too.If you want a pleasant peaceful experience please don't even think about buying or renting an apartment over hear.

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Summitt is not a good place to live, as I bought a flat here in 2019, but after shifting I came to know the quality of building is not even avg, the maintenance is very high, even the association peoples are not supporting

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We booked a unit in Park 63 Project, Chennai March 2018. The agreed handover date was June 2022. Even after the 6 months extension for COVID, till date the Unit had not been completed. Customers are forced to take over the Unit without Completion certificate. 95% of the money was collected by Feb 2022 & after that they are not bothered about the Handover of the Units. Also no claims for compensation is being addressed though we have provision in contract. The CRM response had been very poor from day 1.

Emails from Customer are mostly not replied. We had to visit

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Tower 21 constructed with lot of flaws

1.electrical wiring

1. 
   no ventilation in master bedroom bathroom the windows are low so its forced to cover permanently
   



2. 
   The builders only focused with cheap construction not on quality construction
   



3. 
   Don't maintain time schedule of handover. 3 years delayed
   



4. 
   Association lot of issues going on
   



5. 
   extra land occupied by the builders
   

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The whole set up in Shriram Properties, Mangadu Project especially the Project Head Mr. Saatish is Cheating unit. Lured by sweet talks I paid an initial advance of Rs. 1 lac on the basis of Expression of Interest as per their sweet sales promise. Not impressed by their delivery schedule I withdrew my EOI within a fortnight and requesting for refund for the past Four months. But no response. Nobody answers to calls and no replies to mails. Especially Mr Saatish, Project Head never responds. He has to be kicked out of the company mainly due to lack of basics of CRM. He does not know anything but blaming downline staff. For heaven sake please don't enter into any dealing with Shriram Properties as it is swallowing public money with no responsibility. I now intend taking the matter through legal process by filing a case against the company and also complain before RERA. The authorities should step in & stop company from looting the public. Please everyone is to be beware and avoid the company. Fraud company in one word.

Krishnamurthy R

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Based on my bad experience dealing with Shriram Hebbal 1

As on 12th March 2023 the commercial project is about to be launched and this review will help you ask the right questions

1) What are the charges that Shriram will levy after 5 years

Note: The answer was not given. The higher the AMC/ other charges, lower the return to the investors/ owners

2) Owners have to mandatorily lease the property to Shriram Properties for 25 years and they have the complete power to charge as they deem fit

Note: Lessor and Lessee can come to an agreement that need not be beneficial to investors(actual owners) hence lowering the return

3) The current commercial property price for an A-grade property in Manyata Tech park is around 100 - 150 per sq/ feet in Q1 of 2023 but Shriram gives only 72 Rs per sq/ feet for 2.5 years from the year 2026 which is a daylight robbery. And payment holiday to investors for 6 months is adding fuel to the fire

4) This property was launched for residential purposes in 2016/ 2017 as Hebbal One Residential and in Mar 2023(while writing this post) they launched a commercial property. We don't know the status of people whose dreams were shattered believing that they would be living in Hebbal One

5) Staff would save not to trust the online reviews but it's your hard-earned money that needs to be protected so ask the right questions and don't fall for returns that are mentioned in marketing materials.

P.S. While I asked many relevant questions, the sales staff told me not to buy the project.

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Although the builders charged 30000+ for the Khata they haven't delivered almost 10 years on. Mr. Mahesh and Ms Geetha keep saying we are on the job. There's no Customer Care post sales

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