Dissappointing experience. Review on Vaswani Group Bangalore

We are foreigners with Indian origin who moved to Bangalore after 2 decades to spend couple of years in our home country. Since we’re a big family, we rented in one of the biggest apartments in this society, paying the highest rent in the whole society! The community is great, our kids were enjoying the amenities, and we as adults gained some good friends/acquaintances here.

But we had to leave this society in just 6 months. Why? Here are the reasons.

1. Education doesn’t reflect Humanity. Although we knew this, we fell for the highly educated house owners. PLEASE BE AWARE.

   
   




2. Issues started when we questioned the fact that the MYGATE visitors notifications of our flat were going to the owners as well, and they indeed approved some of our visitors! And they asked the facility management to not take out their name from our flat notifications, for which the management also agreed! TENANTS HOLD THE RIGHTS TO PRIVACY.

   
   




3. CONTRACT: We are also owners of some properties, and we see our tenants as humans, not contracts. And in our workplace, we value collaboration as opposed to contracts. But, LEARN FROM OUR MISTAKES and do make sure that your side is strong in the rental contract.

   
   

Here are the HIGHLIGHTS.

• Include the clause that your security deposit need to be paid at the end of the contract, and DO NOT HANDOVER THE KEYS TILL YOU GET THE DEPOSIT.

  
  




• Assess & agree the damages together. If they say they need time, you can vacate 2-5 days before (only on a good will), and ask them to quote for the repairs by the end of the contract, make sure it’s in your agreement, and demand for the security deposit at the same time.

  
  




• The contract might include a clause that you need to pay a high rent for every day after the contract termination if you don’t handover the keys. But make sure that there’s also a clause that a high interest will be charged on the security deposit for everyday after the contract termination if the owners didn’t payback the security deposit.

  
  

We lost our privacy, We lost our security deposit (Imagine the huge amount!), and our peace of mind is disturbed. (However, neither are we victims nor this the end of our life, as we have more important things to focus on!)

I’m just writing this so NO OTHER TENANTS SHOULD FALL IN A SIMILAR DIFFICULT SITUATION LIKE OURS

Please do not invest especially 18th floor and above as they have not received the OC yet and its been more than 1.5 years. Some people have already bought without OC and moved in without registration(18th floor and above). All PS banks are rejecting the loans now and only HDFC is providing as they are an investor in the project. So think twice before going for loan with HDFC rather check with other banks.

My suggestion is don’t waste money on this!

if you look this for Investment, Price from 2014 is 5800(if you know the management) to 6200( if you are normal buyer with no knowledge of prevailing prices there) is the same even now.

Poor guys who got the buildings then would be paying bank interests!

For Living, very narrow corridors, poor lighting and ventilation in A, B and D towers. Quality of Doors and woods is just pathetic. Quality of Switches, Quality of the marble promised(which they say will look the same with polish) will not sell this property.

They have only sold 130-150 units but if you ask they may say its all sold and very few are there.

Wait for the completion and see the prices dip for this property and post that if you like it buy it! but I m sure the plumbing is terrible for seepages.

Post GST, it ha been seen that the total statutory cost has gone up by 20% of the cost of property which is highly unsuitable for the buyers who look for rental properties and are able to pay within a certain budget. This needs to be changed so as to avoid higher expenses.