SMR Holdings, Builders in Hyderabad and Bangalore.
Booked a flat in SMR Vinay Galaxy, Bangalore. This Builder is pathetic on commitments. Project delayed for more than 1 year beyond committed hand over date. Complete mismanagement of funds, has diverted all the project money into seeding new projects, now claims he doesn’t have sufficient funds to finish the ongoing project. Only buy ready-to-occupy flats from this builder. Do not fall in the trap of steal price and downpayment discounts. Verify for yourself by talking to few residents at the site. This project is currently shown in the list of completed projects on the SMR website:).Looks complete from outside, but only the residents know the reality. C-Block completion is nowhere near site!
In general, builders would have a project completion linked payment option. They would finish work upto final slab, so that most banks and customers would release 80-90% of the money to them. Then they would divert all funds and resources to upcoming projects, cause heavy delays in project. They are actually earning from our invested money. This is the new(maybe not) business strategy in Real Estate business.
Bhaskar Mondal
C-705 SMR-VG
8147352486