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Home > Forum > Bangalore > Builder Review > Feedback on SVS PALMS

Feedback on SVS PALMS

Q: Can some one provide the feedback about SVS new project which is going by the name SVS PALMS .they have started new project with name SVS PALMS.I am interested in purchasing one apartment in it it wil will be grate full if someone can provide the feed back..on Their track record on quality of construction, quality of material, adherence to timelines, providing all necessary clearances for the apt such as A/B Katha, clean land records, experience dealing with them, etc. Please provide feedback on SVS Developers/constructions, Bangalore and their project SVS PALMS.Will like to know the price and the water supply in that area.

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Replies (37)
1
Hi I am looking to buy a 2 BHK flat in SVS palms.Any one looking to sell or resale a flat n SVS palms 1 or 2.Please let me know
Anitha


2
Hello,

This is Yogesh. I have three doubts regarding SVS palms

1. I visited SVS palms and I was almost convinced to book a flat but after reading all this thread I am still finding is difficult to proceed. http://www.commonfloor.com/forum/51b2b4f856aff-stay-order-on-svs-palm-land. Is this true? or are there any other issues with the palms property? All banks are approving this property it seems.

2. In their brochure if you see the building elevation carefully (on brochure cover itself) the B block in phase II is absent but when I visited the site construction has already started for this block, I checked with them on this but they are saying we have taken approval later and there are no issues. I feel they are contradicting or have deviated themselves a bit.

3. Has anyone seen ground floor plan in palm I? When I am calculating the carpet area it is coming out to be around 70% of claimed super built up area. Is this the case for those who've already booked?
Yogesh


3
This project is on the approved list of projects on the SBI website. Link here : https://www.sbi.co.in/user.htm?action=sbihomeloanprojects. Check City Bangalore and Project no 524
Kevin


I am interested in this project. When is the project getting completed?
Pratap,  Bangalore
6th August 2013


The project is expected to get completed by 2014
Chetan Hansraj,  Bangalore
6th August 2013


Palms 1 : Mar 2014, Palms II : Dec 2014
Kevin,  Bangalore
8th August 2013


4
hey guys, i was researching about SVS Palms. reading there website i saw a catch. the website of SVS carries the same content as that of prestige group.

link for reference:
http://www.prestigeconstructions.com

http://www.svsconstructions.in/

seems something is fishy...I m even interested in property. If you feel its safe to invest please reply. awaiting to hear.
Rituraj


Nothing is fishy here. Its a safe project to invest and project is already approved by all leading banks SBI, HDFC & LIC after a thorough verificatoin by Lawers. This Property belongs to Local MLA.
ram,  Bangalore
22nd January 2013


5
SVS Palms on Query land ?
I heard that SJR Unity is built on query land, which means its base will not be strong and water problem will be obvious.
As SVS Palms is situated near to SJR Unity; I would like to check about quality of land in SVS Palms. Is it query land or not?
Regards
Ajay
Ajay


6
Hi Guys...I visited the site today and I am planing to book a 2BHK...can some one tell me what is the best price I can negotiate with them...please let me know...
Thanks
vijay R


7
Hi,
I am planning to book a flat in svs palms , could someone throw more light on this project. Is it gud or worth buying?
Will they deliver the building on time ? Are there any talks about the concrete mixer getting closed?

What about legal documents ? Is everything approved and transparent ?
Please share your experiences as this is the first home planning to buy.

Thanks
anu


Hi Anu,
Phase 1 is almost booked out.. Now Phase 2 booking has started. I have doen the agreement & i know many people who have done as well. i guess most of us whoever has bought is our first home :).. Welcome to the club. If you need more insights. Please e-mail your queries
Balaji Vinayagam, Apartment Resident 
5th November 2012


8
Can anyone tell me the price you got??
Saurav


hey saurav, everybody got for different prices. 3350/sqft is the current price they are quoting after the discussion. on paper it is 3500.
ram,  Bangalore
8th October 2012


9
Hi - is SBI approval done ? any idea at what stage of approval its at ? the sales rep and the SBI agent tell its in the final stage from the last 3 weeks .. if anyone has applied for SBI loan , please let me know the contact person or your contact no....Appreciate your help.... Thanks
aakash


SBI agent name is Sasidhar. his contact number is 9900269924. ,For more dicussions, please join the SVS Palms facebook page
Balaji Vinayagam, Apartment Resident 
5th October 2012


Thanks Balaji...
aakash, Apartment Resident, Bangalore
5th October 2012


They are saying the approvals will come since Aug, I don't trust them.Sasidhar is not SBI employee he is just agent and whenever we ask he says the SBI approval will be done in a week, its been 3 months, no progress at all
rupali,  Bangalore
5th October 2012


yes this is what Sashi told me as well.... is there a way we contact someone else or we need to go through SBI bank so that they could start from Ground 0 . for people seeking SBI, i think we need to check alternatives of either diff people from SBI or diff banks
aakash, Apartment Resident, Bangalore
6th October 2012


I understand from SBI and HDFC agents that they are asking for Family hierarchy of the land owner. Everytime SVS people have to contact MLA for any documents. so, it is getting delayed to get his appointment. Hopefully, approval will be done this week
ram,  Bangalore
8th October 2012


Just now, i have contacted HDFC agent. SVS palms, yet to give the Fimily heirarchy (land owner) document.
ram,  Bangalore
8th October 2012


10
i have recived E.C yesterday
raghu


11
What are the rates you booked the flat?? is it approved by SBI? what is the date he gave for possession.
Radhika


SBI approval is still pending but when i checked with the SBI agent, he informed me that its in final stages
Balaji Vinayagam, Apartment Resident 
26th September 2012


Regarding the possesion part. Builder promises to deliver by DEC-JAN of 2013/2014 but complete possesion with amenities by March 2014 ONLY
Balaji Vinayagam, Apartment Resident 
26th September 2012


anything about EC (encumbrance certificate) ? anyone has asked for this ?
ASR RAJ,  
1st October 2012


12
On satrurday i enquired and they are saying about dont go with SBI as it takes lot of time and we need to finish the 45% amount within 3 months like that . i am not sure why he is insisting not to go with SBI.?
Any one heard about the same satement from marketing team.
ASR RAJ


Yes, even i got the same response when i checked but then i am going ahead with HDFC for loan. But i spoke to the SBI agent named Sasidhar, he said it should get approved by this month end max.
Balaji Vinayagam, Apartment Resident 
17th September 2012


13
Please join the facebook page of SVS PALMS for Queries/discussions
Balaji Vinayagam


14
Guys,

Let me know who and all have made the agreement so far & has completed the legal through some lawyer?
Balaji Vinayagam


15
I checked with SBI, LIC and HDFC banks today, for all it's still pending for the approval .....
Rishi


i spoke to Reddy from the marketing team today .. he said they have SBI legal team is visiting the site this saturday. Once its done, hopefully it should get approved in 4-7 working days.
Balaji Vinayagam, Apartment Resident 
29th August 2012


16
Anyone applied for loan in SBI?
Balaji Vinayagam


17
Hi All,
Any update on SBI approval?
srawya g


18
I too got the same response,for me also he told me that he is the no.1 builder all others are cheap and when I asked about Kaveri water he said it will not come and generator backup is only 0.6kw he said but no guarantee.these guys are not at all marketing guys, builder brought some of his relatives from his hometown, that tells how the builder is.when i inquired SJR builders about cement factory, at least they are giving some answers interns of legal not like these guys have no knowledge about anything.Good that i dropped off from this project.Good luck for the guys who bought the flat.
Anurag


19
Hello all, Even I faced the same kind of careless responses from the marketing guys. They know nothing abt their own project but has come for selling. Anyways I have dropped my plan of buying a flat in svs palms. I dont c any educated face in the site at any time..Good luck to guys who have got into an agreement.
Bhuvana


20
Hello all.. I have given a ownership link in my previous reply above.. Those who have already booked flat in this project can join the group and share your concerns.... You can also ask other buyers who have bought flats in SVS Palms to join the group. It will be a very good platform for your all to interact..
hp.rajkumar


Raj,
can you make the facebook page of SVS little more active. i guess more people will start their dicussions in that once many people joins it
Balaji Vinayagam, Apartment Resident 
29th August 2012


21
Hi all, I went to SVS Palms to book a flat but dropped off due to the rude behavior of marketing person his name I couldn't remember, he is black bald and looks like rowdy only. it appeared that I am the marketing person and he is the customer demanding things. as you guys said no commitment is given for gas and cement factories, no bank approval till now,I called up SBI and LIC they are saying it will process but parallel we can buy the flat but i am not convinced, the marketing person is asking me why i didn't buy other builder apartments when i am looking for apartments, I said its none of his business. he is saying he is the no.1 builder in bangalore all SJR and other builders are small builders.he is saying if you want to buy then buy other wise we have regular customers who will book the flat, I said fine take the booking from them.
rupali


First thing he is not a professional marketing person he said he is the relative of the owner and he talks very rude.I can't put my hard earned money in an apartment when my money is in such hands
I am not discouraging anyone here,This is what my experience is.
rupali,  Bangalore
24th August 2012


Rupali,
I have not faced any such problems so far. I have been ineracting with them for the last 3 weeks. I raised so many questions but there were patient enough to answer my questions. I interacted with Rajendra reddy and mathew mostly for my booking. I am not sure who was the person who gave such a response to you..
Balaji Vinayagam, Apartment Resident 
29th August 2012


22
Hey guys, whats your take, is it a good investment considering the price, location and Builder or we should also look into other options though i am not seeing any other good property in nearby proximity.
Since they r increasing the price, I want to take a call ASAP..

Please share your feedback, Thanks
mallika


While going for agrrement i am just consedering the location and price , we can't get property at this rate in close proximity to this area. And prices are going to increase irespective of the builder. Today i spoke to the LIC agent and even Visited LIC office Whitefield .. They assured that Laegal documents are cleared for this and original they will be submitting in 3 to 4 days. Right now the loans are approved by LIC based on Financials
f.knock,  Bangalore
23rd August 2012


yesterday they gave me a call confirmed that G+8 is not coming up as yet not finalized and 90% sure it's not coming up
f.knock,  Bangalore
23rd August 2012


i hope, this is good investment considering the location and price while comparing with other builders.
ram,  Bangalore
23rd August 2012


mallika,

have you booked the flat in it or not??
Balaji Vinayagam, Apartment Resident 
29th August 2012


no, i dropped the idea, as it seemd to be ltl on expensive side considering builder reputation..
mallika,  Bangalore
30th August 2012


23
Did anyone paid 20% till now? I spoke to one marketing guy, he is little rude not at all caring for customer, for every question he is saying he will not commit anything whether it is gas, cement factory and the land in front of apartment for everything there is simply one answer he is giving if you wish to buy then buy otherwise not, no commitments will be given.
Anurag


He is very rude. Talking as if your wish, if you want you buy otherwise not and that they have big demand.
As per him, 12 agreements are already over. However we are planning to drop due to so many litigations.
srawya g, Apartment Resident 
23rd August 2012


I do not think they are done 12 agreements, they blocked some flats for their relations as of now, In spite of his rudeness I tried speaking to him nicely as I didn't wanted any trouble if I am planning to buy but after sometime i realized that its waste talking to him, they don't know what color of doors they are going to fit, which type of slide door for windows, regarding security I asked him how many people they are going to hire he said if people are fine they will put one watchman, and for amenities they are charging very high, other reputed builders are charging lesser than this with more amenities.I am dropping off from this project.
Anurag,  Bangalore
23rd August 2012


Guys,if you want to drop from booking a flat drop before you give the booking amount, they are charging 25% penalty if you drop after booking
Anurag,  Bangalore
23rd August 2012


I am going ahead with the agrrement on sat. As LIC has already sanctioned the loan
f.knock,  Bangalore
23rd August 2012


good news. but, is the project already approved by LIC?
ram,  Bangalore
23rd August 2012


24
I think SBI person mobile id they are giving is not a SBI employee
Anurag


no guarantee for Bharat gas and cement factory movements, do all the inquiries and take they are simply raising the price which i think its not worth for that builder
Anurag,  Bangalore
23rd August 2012


Yes, he is not a SBI person, but a marketing person for SBI.
srawya g, Apartment Resident 
23rd August 2012


25
I do not see any website for this SVS builders, does anyone have any idea about it? did anyone visited their earlier construction?
Ramesh


They have sent the brochure today. There is still nothing available in the Internet. Is the Bharat gas store house going to be removed? Has anybody enquirer abt this? I m planning to visit ananda nilaya in this week.
Bhuvana, Apartment Resident 
22nd August 2012


Good point Bhuvana, I just called up the marketing guy he said they spoke to Bharat gas people and they said they will consider it after 1 year it seems but no commitment is given, marketing person is saying once the apartment is finished and if residents give any objection regarding this to govt then it might go but no guarantee. I am in dilemma to take this apartment.
Ramesh,  Bangalore
22nd August 2012


I dont think, they will be keeping the bharat gas store permanently. when there is huge demand for land, no use of just keeping the gas store. i hope, it will moveout. If we go for branded builders like Prestige, we will be ready to pay more amount. But it comes to the small builder irrespective of the quality, we start thinking in all aspects. I think, if the land has no legal problems, we can goahead and purchase the flat.
ram,  Bangalore
23rd August 2012


Ram, have you got the sales agreement done?
srawya g, Apartment Resident 
23rd August 2012


not yet. .But,i am going for agreement in few days. Hey, i called you yesterday,your husband pickedup the call. he said he will be calling back. but didnt turn back.
ram,  Bangalore
23rd August 2012


SVS Builders, SVS Contruction are same group in seems
suresh , Apartment Resident 
19th November 2012


Hi all, I have also booked a flat recently in SVS Palms..i could the following website http://www.svsconstructions.in/..has some one booked a flat in Phase II, please revert back
Sreenivasula Reddy, Apartment Resident 
26th November 2012


26
Hi All,
Did anyone did the 20% payment and got the sales agreement done. The marketing person is asking us to pay the 20% since it is going to be 15days from our booking tomorrow, but we are worried to pay as SBI approval is not done.
srawya g


I hope, there are no legal problem. Legal check is already completed and SBI Lawyer has requested for Original copies of the documents. Arroval will be done in 3 to 4 days.
ram,  Bangalore
21st August 2012


As i heard from the marketing person they are done 12 agreements so far
Ramesh,  Bangalore
21st August 2012


U can be confident in making the payment cos hdfc and lic housing finance have already approved it. Since the loan percentage is comparatively good in sbi just ask him for time till it gets approved. I m sure they have to accept it. Then why would they keep sbi as one of their loan sanctioning bank?
Bhuvana, Apartment Resident 
21st August 2012


yes today i also got a call for 20 % payment : @Srawya i also book the front side of SVS Palms .. so little worried : But today i enquired with the marketing person they said gap will be there and they will leave some open space by planting trees: srawya can u plz share ur email id
f.knock,  Bangalore
21st August 2012


Hi f.knock can you share me your email please
Ramesh,  Bangalore
22nd August 2012


27
Everything seems good except one point which I heard yesterday that G+8 construction is going to come up in the front site of svs palms. Any opinion regarding this? That site also belongs to svs. Svs palms would go completely behind and we will have to bear with the noise and dust caused by that construction and the tech park for many years..
Bhuvana


Hi, Yes, my flat is facing the front site of svs.. and we are thinking this might block the entire air and sunight.
srawya g, Apartment Resident 
21st August 2012


i spoke to SVS. they are trying for G+8, that is true. But, they are keeping 30 to 40 feet gap between apartments.
ram,  Bangalore
21st August 2012


I just spoke to marketing person, he said its true that they are going for G+8 and they will leave 20 to 30 feet gap, as for as road which is connecting to main road he said it is BBMP road and they will get the SBI approvals by this month end. any one done the legal inquiry pls post your comments here.
Ramesh,  Bangalore
21st August 2012


The G+8 apartment will take 4 years it seems but i think it will cover the SVS Palms apartment as it is double the size
Ramesh,  Bangalore
21st August 2012


28
Hi, I went to the project and inquired about the bank approvals, they said that they are yet to get the approvals.

Did anyone inquired about the road that is connecting from main road to the apartment.
Ramesh


Ya, I inquired about the road, it is 30 feet BBMP road and now svs has acquired the front site of svs palms, so there will not be any problem with the road.
srawya g, Apartment Resident 
21st August 2012


Thanks Srawya, I am thinking to book a flat as they are going to increase the price soon
Ramesh,  Bangalore
21st August 2012


29
Hi, Can any one give contact no. of SBI or LIC for verification. Please email me as the no. is not displayed in the forum.
srawyag@gmail.com
srawya g


30
Hi All,
I have also purchased 3BHK flat in SVS Palms. The SBI bank approval is still pending, any idea when it will e completed?
srawya g


I have contacted today LIC and got to know the currently the Loans are getting processed based on your Financials , as the document approval for this property is still pending
f.knock,  Bangalore
17th August 2012


Hi Srawya, i have contacted SBI 2 days back. I got to know that it will be approved next week.
ram,  Bangalore
18th August 2012


31
Hi guys, good to see you discussing on this project. As you all have booked flats in this project you can join the owners group and discuss everything related to SVS Palms with other owners/residents of the project in the group. To join click Join Owners Group tab.
hp.rajkumar


32
Hey Raj, You can reach SBI person at -
ram


Hey, I cannot see the contact no. I think its blocked. Can you end me to my email: srawyag@gmail.com
srawya g, Apartment Resident 
17th August 2012


33
Raj, you can contact the nearest SBI bank for loan. Legal verification of the project by banks does take some time. I hope it will be done soon.
ramya


34
I have contacted the SBI folk, who is processing the SVS plams for bank Approval. He said, there are no legal problems and it will get approved next week. from my end i had get it verified all the legal documents provided by SVS palms from the lawyer. as per the lawyer, everything is ok.

ram
ram


Hi, Can you provide SBI folk contact no.
I heard from someone that there is some conflict regarding the 30 feet road connecting to the main road. Is it true? Did you get this verified?
Please email me at graveti@gmail.com
raj tilak vemula,  
16th August 2012


35
Hello Everyone,

This is good to see this feedback queries on SVS plams. I am Aurosish, also interested on this property. However have not heard about the SVS builder before not even got any website for the builder. As per Ram , the completed project looks good. Does anyone contacted the Banks regarding the legal verifications and approvals. Because as per my discussion, the Bank approval is still under processing due to some legal verification.
Aurosish Mohanty


36
hi ram, i too have booked a flat in svs palms.
have you done legal verification?
raj tilak vemula


Any update on the legal verification
f.knock,  Bangalore
15th August 2012


37
I have purchased a flat in SVS palms. Currently its in initial stage. they got morethan 40 bookings and work is progressing well. They have already submitted the documents for bank approval, will get in another 2 weeks. I have visited other project of SVS Ananda nilayam at Ramamoorthy nagar. quality is good and they are sticking to the time lines and also they give proper response to the customers. If anyone knows more about SVS, please share your feedback.

Ram
ram


what are the ammunities they are providing , and is all ammenuties documented on agreement doc
f.knock,  Bangalore
15th August 2012


Any update on legal verification and Loan approval from LIc
f.knock,  Bangalore
29th August 2012


Ram,

could you join the facebook page for this project.. let dicuss more there
Balaji Vinayagam, Apartment Resident 
29th August 2012


38

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