Be very careful when buying flats in Bangalore

This came in as a forward today. Am not too sure about how true this particular story is, but similar stories keep happening in Bangalore. A lot of thugs are out there on the loot, being sure well-educated and cultured people with some spare cash (of which you have no scarcity in Bangalore) is an easy loot. When each Lokayukta raid comes up with more officers taking favors from these very thugs, keeping away and being careful is the best policy.

People,
Be very cautious before you book a flat with “Sri Lorven” builder in Bangalore.

These are two brothers named Narasimman raddy and Mallaya raddy from Andhra Pradesh-Hyderabad. (Mallaya Raddy, the main owner, is government employee in Hyderabad.) They have a peculiar strategy to cheat customers and make crores of rupees.

They did similar cheap tricks in Hyderabad for few years and finally they were black listed in Andhra Pradesh city .they came to Bangalore by changing the brand name to “Sri lorven” and started the same tricks here.

They offer flat at a very lesser price when compared to market price. Initially they place very decent and educated guys near the reception (their son in law and other relatives) to attract the customers.

Usually builder start selling the flat from initial stage. But this builder start the marketing only once he finish 70% of his construction. So first time he collects 70% money from you.

In another 20 days after getting the initial 70%, he threaten you that “Registrations in Bangaloreare going to close soon.(Which happened many times in the last few years) Please register your flat immediately”. But at
the time of registration, he says “With out getting 90% of the total cost I cannot register it. Pay me 90% , I will finish registration today and handover the flat in next month”. (You will also think that finishing the
already 70% completed flat is easy and registration is more important). They collect 90% of total flat cost and finish the registration on your name.

Once you pay 90% you are in his trap. He collects it from almost all the residents, and then he escapes from the site. You cannot find builder, engineer or even a worker again. He immediately changes all the mobile SIM
cards and you will get “Please check the number” message if you call him.Using the same strategy he starts four to five more projects simultaneously.

After 5 to 8 months, once fine day he sends the other one Narasimman raddy to the location. This guy is a big street gunda.He is the worst road side person one can ever find in Bangalore.

(You cannot find the earlier decent guys again.) You will be very frustrated and tensed in these 5 months.You will be paying your EMIs and your currently residing flat rents every month.

This guy changes the strategy. He says “The market price of this flat, when compared to last year increased by 2 lakhs. (it is obvious that market price will increse in one year and that is the damn reason why we purchse a flat) Pay me that amount to get the remaining work done”. You cannot argue anything because he is a gunda who can speak only foul road side language. He treats customers just like dogs.(He is always accompanied by more gundas and he claims that he has good political background. Even he slapped 2 or 3 of my fellow residents who are decent software engineers and who tried to protest him.) Some people who are frustrated in this transaction compromise and pay that 2 lakh amount thinking that it is better to pay 2 lakhs instead of loosing 20 lakhs which they already paid.Then he will show some progress to those guys who paid the extra amount, just to emotionally force the other guys to pay.Once he collects it from everybody, then he changes the strategy again.

He says “I never promised you Electric fittings(Switches,Boards), lift, flat doors, windows, bathroom pipes etc” (Initially you see the plan brochure and think that they are obvious from any builder, but there is a disclaimer
written behind the brochure: “This brochure is purely conceptual and not a legal offering.the developers reserves the right to add/alter/delete any of the specification mentioned here”. He says that he removed all the above componentes from the plan) This chain goes on and on…. and you will never get the flat even after 18 months of you initial payment.One fine day after making more money he leaves the place with out providing even the basic amenities.We approached the bank from where we got the loan but no
use.

Finally we paid money from our pocket and got the balance work done. If you want any more clarifications regrading this, you can meet any resident at the following addresses.

1)SriLorvenCastle, 5th Main, 7th Cross, Near Hasenda club, Maruti nagar, Mallesh palya(Behind BEML gate) Bangalore.
2)Sri Lorven house, kagadasapura, vignana nagar,behind sct college, Bangalore
3)Sri Lorven paradise,Krisnanna Palya,Byappana halli,Old Madrasroad
4)Sri lorven villa,4th cross, Wind tunnel road, airport

also building more apartments near white field, Banshankari,BTM, JP Nagar and Indira nagar

Be very cautious. If you book a flat with him, that’s the end of your happiness and money.

Please forward it to your friends and save them from this trap.

We suffered and cried because of him.You dont go into his trap.

He may change the brand name and come up with a new name.Be careful.