Current construction status.

Q: What's the current progress of SMR Vinay Endeavour? Till which floor it is complete?

ramchandran, Apartment Resident, Bangalore

30th April 2012

Buying property in SMR Vinay Endeavour, ITPL Road, Bangalore

smr vinay endeavour

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Replies (4)

There are 2 Blocks... block 1 has reached 7th Floor and Block 2 has reached 3rd floor...

dev , Apartment Resident

1st May 2012

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Roofing of Block1 is complete till 7th floor and block work is complete till 4th floor. Roofing is complete till 3rd floor for Block2 and Block work is complete till 2nd floor.

dev , Apartment Resident

1st May 2012

What was the payment schedule in your agreement for SMR Vinay Endeavour? Is it date wise or construction wise? What is the per sq ft rate you paid ?

The reason I am asking about payment schedule is because the builder is asking me to put date wise payment schedule in the agreement. But then he will provide another letter mentioning that I need to pay only on the basis of construction. Did he do the same with you? Is it fine to trust the builder on this?

qwerty, Apartment Resident, Mumbai

1st May 2012

Comment

@qwerty - You are right. In my agreement too, despite my all efforts, Builder has written date wise payment schedule and gave me a separate letter which mentions about schedule driven payment. They gave reasoning that doing so will help them in completing the project on time. I think this is fine because Builder too won't be under pressure if he only asks for money and doesn't shows any progress on construction. Banks too while releasing disbursement check if builder has made any respective progress.

dev , Apartment Resident

1st May 2012

Just to give you an example, Builder did ask me about huge disbursements (its their habit) but I went to site and checked the construction. Then I discussed with Builder and only realeased 70% of the disbursement what he asked for. He has to agree with me and he did.

dev , Apartment Resident

1st May 2012

Thanks Dev, that was quite useful. I think I can go ahead as well. What is the per sq ft rate you booked at ? He is quoting me Rs 3200 / sq ft.

qwerty, Apartment Resident, Mumbai

2nd May 2012

Can you please let us know for which floor you have booked at Rs. 3200 /sq ft. since he is quoting Rs. 3500 /sq ft.

poonam, Bangalore

4th September 2012

SMR Builders Pvt. Ltd. is noted for its quality control expertise and project management skills. The advantages of the project are good construction quality, amenities, prime location and nearby shopping malls like Big Bazar, Phoenix Mall.

hp.rajkumar,

30th April 2012

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