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Review
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Puravankara Projects Ltd
Puravankara : Real estate developers from Bangalore, India; aims to provide you best quality construction services. In fact, every real estate project...
 (3 votes)
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91-80-2559 9000
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No. 130/1, Ulsoor Road
Bangalore 560042
India
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1) Review added by Do_Not_Buy_Puravankara_Flat , http://Puravankara: Biggest cheater / 06-14-2007 (id 459)
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I want to expose Puravankara more on cheating the customers.
Everybody knows that, buying a flat is not an easy job.
To arrange the money you need the loan from the bank.
The loan amount is use to be disbursed in a timely manner. Bank disburses the loans after getting the demand note from the builder.
Puravankara has put a clause in the sale agreement that, if the payment gets delayed, they will charge the 24% (exceptionally high) compound interest on the delayed payment.
So what is the cheating in this?
Hummm. Let me explain.
Puravankara knows that, Bank can’t disburse the amount without the demand note from the builder.
So they played a very dirty game using the “late payment attract interest of 24%” clause. They intentionally delay to send the demand note to bank by 7-12 days of the actual due date. Then the bank also takes 4-5 days to disburse the amount to the Puravankara. So the average delay of approx 15 days. Now calculate the interest @ 24% on the amount for 15 days. That comes to be huge. So this way Puravankara is making huge money. If you ask them to send the Demand Note to bank in anticipate, they just don’t listen to you & keep on sending the Demand Note with the delay of 10-15 days. How nicely they cheat their customer.
So they are charging heavily even if the payment got slightly delay, but for the delay in project of 6-12 months even more (as in Rivera & Panorama), they are not willing to pay the penalty, even they have mentioned to pay the penalty in the sale agreement.
So if you are planning to bye a flat in Puravankara projects, just drop the idea.
I strongly recommend not to bye a flat from such a biggest cheater in Bangalore.
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2) Review added by Purva_Flat_Owner / 06-14-2007 (id 458)
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I generally dont write about some thing on my own unless some one asks for it :) (for all the right reasons). But this time, I am not going to wait for Purvankara and I am sure, they wont ever ask me to write some thing about them:). (For Puravanakara: I am the netted customer who has already paid all the money and they have no business left with me).
I am going to write my experience with Purva Riviera Project. Here is summary of how did end and Start.
1. I
started looking for an apartment in Bangalore in 2004. Came across reviera Project. Marketing team told me about "pretsigious and ambitious" project called riviers (Sugar Talk). BTW: I dont blame them. every one is doing that today in this fast moving world.
2. Model Apartment was Great and I always knew that its not what I am going to get. Purvankara did Great job in meeting that expectation. They were bang on Target. In Software Term, It was exactly opposite - WHAT WE SAW is NOT WHAT WE GOT. (~WYSWYG)
3. I paid all the money at once and got a promise that I will get some discount at the end. (Bunch of words)
4. AFter than, for 1.5 Years, There was Silence. There was NO Communication. The marketing team contact was unreachable. I was silent spectator to the building which was coming up in pieces.
5. One day I got a letter that my Apt is ready. I had to Wear helmet, cliemb 50 Steps to reach my apt. It was done for Them. There was NO way I could take the apt possesion as huge amount of outside work and other apt were still under construction.
6. I asked the after Sales person, how can I start living here? According to him, apt was ready and its upto me to decide. That was Smart, he thought. I asked him if he is willing to move in with his own family in this condition and if yes, I can lend my apt for him. He was speechless and didnt talk :). ANy ways, point is, Purvankara knows this game better than any one of us. 7. Finally, I got over all the hurdles by just waiting (time was the only solution) and got the possesion and registration done.
Here are some of the observations:
1. Quality: Puravankara are AVERAGE builders in this case. Attention to Details is Missing. If you pooint that to them (by asking for modifications), they show their HUNGER for money openly. I call that Exploitation.
2. Communication: Some Standard set of answers available with all the ROBOTS working at their Office. For them, its a Business as usual, no matter its your dream house or what ever. They dont believe in email or phone calls. EIther they are not Net Savvy or just deaf. Only thing works is going to their office and waiting for some one to listen to you. The scene is not any better than Govt. Hospital. (I think, there must be some board in Purva Office, which reads "Hospitality my foot :)" )?
3. Compensation: All Rubbish. They know how to eat, drink and snatch your money. If you talk to after sales, with very serious look and CALC in hand, they will tell you, how we owe them the whole
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