Extreme delay by builder Shriram in Bangalore

Complain ID : CCN025678   100   Complaint's Reply

Real Estate Complaint Complaint Date: January 23, 2017
  • State :  Karnataka
  • City :  Bangalore
  • Address: Gollahalli Electronic City Road, Electronics City Phase 1
I have booked a property in Shriram Summit (http://www.shriramproperties.com/summitt/) in Electronic city in Bangalore. I have paid more than 70% of the amount, and even the floor of our flat has not been laid till now. The builder has been delaying the project since last one year without any reason, and the management is also not responsive. The construction work was at standstill from May '16 - Sept '16 and and our flat was due to be delivered in Dec '16. The builder has now updated timelines to Apr '18 and that does not even include the grace period.
We have a group of 500+ property owners who are very disappointed and frustrated with this, as our hard earned taxed money is stuck, and builder is not helping.
With the demonetization, the builder has got a better excuse and has taken it up as a reason for not doing anything. The builder has also said that due to demonetization, we will not be paid any delay penalty.
The management is unreachable and the CRM team is unresponsive for complaints. They kept giving false promises throughout last year and now they are not accepting any responsibility.
Complaint Against / To: Shriram properties private ltd

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    Shriram Properties

    Regarding your complaint by Shriram Properties:

    (5 of 5)

    Our project CRM team has always updated each & every customer about the project schedule. For any specific query, please get in touch with the project CRM team or kindly share your name and contact details at customercaresum@shriramproperties.com and we will get back to you at the earliest. Rest assured, the company has your best interest in mind.

    R. Kumar

    Victim of real estate scam by SHRIRAM prop by R. Kumar:

    (5 of 5)

    I booked the flat in 2014 and completion is no where in the sight. They are now delaying the timeline to Dec 2019. They have built legal loop holes to get away without paying penalty of delay.

    Shriram Cheat properties limited is not at all trustworthy builder.

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