In short, I am a owner in a Saipoorna project and best said that I would never again buy an apartment with a second tier builder like Srinivasa developers. The money savings is just not worth all the trouble.
At the outset, the builder looks descent and it looks like a very good deal since the materials used are good, the plan is lucrative and many other things. However, after the payment is made, and building start taking shape, the reality dawns. The quality, the materials used remained the same. However, minor change in plans started appearing in apartments. For example, the glass balcony was replaced with aluminium bars. Indoor swimming pool shifted outside. Squash court that was promised had no place. Club house suddenly became smaller.
Situation reached it’s peak when the time to possession came. The promised possession date was Mar 2014. By Nov 2014, pretty much all of us(Yes, all owners) had received huge penalty mail(between 50K to 3 lakhs) from builder(! Never heard of that before), stating our initial payment to the builder were delayed. Yes it took between 30-45 days for banks to disburse first installment after our application, but we thought that’s normal for all projects and banks. So, beware of this clause if you are making a purchase. So we did cough up penalty and got it registered for the mistake of booking here.
Drama did not end here. Builder asked to accept possession by November with no electricity, no water, with just completed work from his side inside the apartments. Not even the boundary wall is still in place as of date. When people started rejecting possession, he stopped the possession process and said that he will start again when he gets permanent electricity connection becomes available from BESCOM. That was December and this is well, end of January and still no progress whatsoever. And, now there is a new rule that BESCOM will not give permanent electricity till there is OC. All owners are in hung state. Most of us do not have a hope of getting anything in next 6 months or so.
Last thing, attitude of the builder aka MD Pola Srinivasulu. Not the worst builder but worst human being that I have seen. Any comment about the project looks entirely personal to him and instead of addressing the concern, starts screaming and abusing the asking person. Had read some reviews about this before booking, but did not bother much thinking why would there be much interaction with him. However, I had mistaken. Problems with the project grew so severe that all of us had to communicate with him often and instead of getting solutions, we got the angry, ugly look. Apparently, we now come to realize that the experience has been no different for previous completed projects.
All in all, if you are buying from this developer, I would advise a strict NO NO. But if you are buying from a re-seller after the project is completed, think about it. Not dealing with MD is half problem solved in project with Srinivasa developers.
- An extremely agonized customer of Srinivasa developers
- Thank You! We appreciate your effort.
