Can anyone tell me about the Asset Builders?

Q: Can anyone tell me about the ASSET BUILDERS? their ASSET SERENE, ASSET PLACID and upcoming ASSET ALCAZAR.
Any good or bad experiences dealing with them?

Manojkumar Padmanabhan,

22nd August 2012

Builder Review in Asset Placid, Chandapura, Bangalore

builder feedback

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Replies (17)

Asset Placid
Cons
The community has too much of politics, where Malayali occupancy is more and these peoples sensibly. I went to rent an apartment here, and on one Sunday I visited to see the flat available. Though the building quality is poorest as was not well built or maintained. The lifts are seriously in a very bad state. My husband and kid reached faster by stairs than lift. I visited their gym and all the items in the gym are broken and my owner was appreciating the maintenance of the common area amenities. With full of pest infestation and bird poop this apartment premises is a garbage in which people live. I immediately left there wanting not to return in my life time.

Jatya mitra,

8th August 2019

Comment

They don’t have pool operated and kept empty and is used in breeding mosquitos, their security guy and the room is stinking cant even get in to write my name on the register. One of the best part I noticed was dumass speed breakers inside apartment stopping kids from moving freely, these people don’t have the common sense to rid or drive slow inside campus.

Jatya mitra,

8th August 2019

Pro’s
Saw some movie and medical activities which they have posted on the lift, don’t know if that is done there or not or just to attract tenant these guys have done it. Some banner I saw of kids in a movie room which was pleasing other wise nothing much in this apartment

Jatya mitra,

8th August 2019

We (me and one of my friend) have been to Asset Elvira (taken over by CoEvolve) and booked 2 Flats. But later realised that their construction quality is very poor. You can see 10000s of cracks every where and low quality materials are used. Also I would like to warn all buyers to avoid this property as any amount given to them will never be returned. No ethics at all, only dialogues in air.

Avishek, Bangalore

1st December 2017

Comment

Asset Elvira has been completed from excavation to delivery in 14 months. This is extremely fast construction and therefore all the settlements happen over the course of couple of years. This is the phenomenon that is happening at Asset Elvira. We decided to opt for this fast delivery so that customers enjoy the benefit of savings of rental/EMIs and are able to move in early to their homes. The flipside is that we have to come in periodically to fix the settlement cracks that arise due to natural process. If the project was delivered in 30 months as is the norm with projects of this size, there would be far less cracks visible as compared to what you see now as we would have fixed all of it before we handover. For customer saving, we decided to opt for this even though it is costly for us to periodically come in to fix cracks.

With regards to refund, please get in touch with us if your issue is not yet resolved. We apologise if there were any delays in refund of booking amounts.

CoEvolve Estates Pvt Ltd, Bangalore

20th June 2018

Official account of - CoEvolve Estates Pvt Ltd

Also CoEvolve Estates is the new name of Asset Builders, there is no takeover. We have only rebranded ourselves to avoid confusion with similarly named competitors.

CoEvolve Estates Pvt Ltd, Bangalore

20th June 2018

Official account of - CoEvolve Estates Pvt Ltd

Do not buy anything from this builder. They have cracks all over the flats including roofs and Walls.

I do not feel safe to stay in such flat.

They show so many things before booking, once you book, you need to pay a huge amount for getting a small work done.

They have so many hidden cost and they do not have any professionalism.

I did a very big mistake choosing Asset Builder!

Kalika, Apartment Resident

27th March 2016

Comment

Hi Kalika, Which apartments that you bought.. I am thinking of buying their new project.. While I am seeing that they are promising a lot, even Aura does have so much of cracks and fittings are of poor quality..

Vimal kumar,

18th May 2016

It is Asset Elvira

Kalika, Apartment Resident

9th June 2016

Hi Vimal, when you know that the construction quality is not good, then what is the point of investing your hard earned money in such kind of projects.

There are many good projects in this locality by A Grade builders such as Purva Skydale, Sobha Eternia, Purva Whitehall, Salhapuria Senorita, Confident Leo, Nitesh Palo Alto etc.

Jacob, Bangalore

9th June 2016

Hi Mr. Kalika and everyone else on this thread.

Cracks are common in any new construction. And as a builder we stand by and have committed to have it fixed as soon as the weather situation improves.

It would be great if you can highlight what these hidden costs are. All costs pertaining to the apartment are as per the booking form and also tallying with any cost sheet available on the public forums such as this one. So we request you not to vent out your frustration unnecessarily with false and frivolous allegations.

From the builders perspective we dont stand to loose anything as our clients know what we are and how we deal with the issues they bring to us. The only effect is that you are devaluing your own property.

As an open challenge you can walk into any of our completed projects and ask any one any doubt you have have with regards to Asset Builders and decide for yourself.

CoEvolve Estates Pvt Ltd, Bangalore

10th June 2016

Official account of - CoEvolve Estates Pvt Ltd

Asset Builder,

Thank you for acknowledging the comment on public forum. It is really great feeling that someone is really worried about its feedback.

Your promised to fix all the cracks post summer was a big relief for Elvira residents.

I am hopeful that we can resolved all the cracks issues if we work together.

Thank you!

Kalika, Apartment Resident

11th June 2016

Hi Asset Team,

I can show you apartments built by tier 3 builders without much cracks. I myself an Structural engineer and knows why a Crack can occur. It shows that how good your planning is!. I agree that it is good to boast about the speedy delivery of the projects but to get to next level, you may need to look at this part.. There are two types of cracks, structural and non structural.
incompatibility of building materials; chemical reaction of materials; thermal expansions (tensile and compressive stresses develop within the building elements due to temperature changes, cracks can occur if the building element is restrained and lacks sufficient construction joints to accommodate the movement); changes in moisture content (clay bricks initially expand and concrete blocks experience shrinkage following curing; if the materials are used together monolithically etc.. Please do keep in mind that the buyer will get upset when there is an investment of more than 40L...

Vivek Das,

17th July 2016

Asset homes is one of the most reliable and responsible builder of Kerala.
Official website : http://www.assethomes.in/lineage/

George, Bangalore

8th December 2015

Comment

Asset Homes - Flats in Thiruvananthapuram
My relative has a flat built by asset homes in Eranakuam called Asset Summit. I got chances to visit the flat many times.After visiting, I have noticed that Asset Homes takes special care in choosing the locations for their apartments and also in designing aesthetic, comfortable, spacious, safe and functional homes with good ventilation and lighting. I am also impressed by the selection and quality of building materials and fittings used. I assure you that I would recommend asset homes to all my friends and relatives who wish to have a hassle free well designed home in choicest locations.

cyril george, Kochi

23rd July 2015

Comment

How about delivering the project? Do they give timely possession?

Venugopalan, Bangalore

28th July 2015

If you are still thinking, let me share my personal experience with you. I have bought two 2 BHK's in Asset Placid. Love the proximity, peace of mind the surroundings offer. Many may say "oh my that area has cows, but trust me seeing 1-2 cows is way better than a jammed road filled with honking". Another important point I would like to add is Asset Placid is a haven for the Mallu community (like mine :D ). I am not sure if I have to refer to my neighbors as friends or family. The unity found in this apartment campus is mind blowing.

Now, coming to the builder, I would say, do not go by hearsay. Today, every one pays bloggers to write good and bad reviews about any builder be it Prestige, Mantri, or Asset for that matter. As per my experience, we did have a few small problems but the builder was always there for helping us. There is a lot of development happening in this area and finding an apt in Asset Placid in the next few years will be close to impossible. Best place to stay!!!

Shiji George, Kochi

14th July 2015

Comment

I am planning to invest in Bangalore and want to know that is Chandrapura good for long term investment or short term investment.

Bhargav Dev, Bangalore

23rd July 2015

I feel you can get good returns from Chandapura locality if you are planning for long term investment as the area is still developing.

Niketan Verma, Bangalore

28th July 2015

Guys..Do not trust the fake review. Just stay away this Builder.

Kalika, Apartment Resident

9th June 2016

I got the clarification and promise to work on few outstanding issue from Asset. It was really great to get response.

I have not seen such type of support from any other builder.

Kalika, Apartment Resident

11th June 2016

I am planning to buy a flat in resale in Asset Alcazar and I want to know about the approvals and what all amenities provided.

Anmol, Bangalore

28th May 2015

Comment

Asset Alcazar is a completed project and I think only few flats are available for sale. The project has got approvals from BBMP and all the major banks.

Amenities provided in this project are as follows: Swimming Pool, children's play area, Meditation Room, Jogging Track, Party Hall, Gymnasium, Outdoor Badminton Court and much more.

Dilip Joshi, Bangalore

28th May 2015

Jithin,
Did you book Asset Aura? If yes how was your experience? They are stating project completion time of Oct 2014. I'm also looking at options to buy this property but want to get some feedback on who have already booked or who own Asset Builders properties. Please let me know.
-Savitha

savithaditya,

3rd December 2013

Comment

Hi,

You can join the owner's group, of Asset Placid by clicking on this link http://www.commonfloor.com/asset-placid-bangalore/povp-p438r8 on the right hand side of the page and get in touch with other owners who have already booked a flat in this project and discuss about the same.

Commonfloor's owners' group helps you to

# Participate in online discussions in a closed group

# Receive Notices and important broadcasts from Association (Once the association is formed) - by email and sms.

# You can also raise complaints to be serviced by the Association Office (Once the association is formed)

# Get in touch with any Resident/Association member, from wherever you are.

Mahi garg, Bangalore

17th September 2013

Comment

https://www.facebook.com/assethandlers

You can follow their construction status and other conversations among the home owners at Asset. Best thing I liked about them is on time completion. You may be spending few thousands more at Asset properties compare to other two and three tier builders but its really worth against the peace of mind. My close friend booked an apartment at Alcazar in OCT 12 and it would be ready for move in by Dec 2013. after seeing the speed and quality of their work I too booked one at Aura.

Note: I am not a sales guy or anywhere associated to Asset. Just sharing my experience. You have full rights to disagree.

vivek gheewala,

12th September 2013

Comment

Hi Vivek, thanks for your unbiased opinion. I am planning to book in Asset Aura but only if I can make sure that they give Occupancy Cert. and 'A' khata for the apartment. May I know your take on this?

jithin, Apartment Resident, Bangalore

2nd November 2013

Hi Jithin,

From the feedbacks i have received about the builder they abide by all the rules and regulations there is in the books. Their previous apartment projects have all got A khathas. The apartment projects were in BMRDA zones which did not require an OC.

I’m not sure about the agreement contents. OC pertains to projects in BBMP and BDA zones. OC is issued once the building is completed. OC is issued only when the authorities are satisfied that he building conforms to all the byelaws of the various different agencies.

Few of my friends have dealt with Asset Builders and are their clients and they vouch for them in terms of the paperwork & legalities. Also they are known to be really fast in terms of delivery of the product. There were a few post delivery issues but the builder sorted it when they were approached. So overall they are a safe bet for your investment.

athir, Bangalore

28th June 2014

all the people who are commenting back are agents or marketing guys ? no genuine reviews

Supratim, Bangalore

23rd August 2013

Comment

Yes...This builder is not at all good after sales. They are super expensive after sale. I would not recommend this builder to any one.

Kalika, Apartment Resident

9th June 2016

Asset Serene is one of the popular residential developments in Sarjapur Road, neighborhood of Bangalore. It is a project by Asset Builders. Asset Builders has grown in tandem with Bangalore’s rapid development.

Venugopalan, Bangalore

20th March 2013

Comment

Yes..They are one of the leading real estate Organization, who does not have any mechanism to deal with customers after sales. Their CRM is so useless that He does not understand anything. Their reply to any question is so dumb that any kid will feel shy about it.

Their Sr. CRM do not even understand about the work quotation.

Their Build quality is very worst, even boundary wall of compound could not hold the beginning of the first rain.

Their charges for any work post handover is 200% more, when we ask for justification they say it is their policy. Even their senior Management is keeping mum on this.

If we go with outsider help, they threatens to not to support in Future.

I do not want anyone else to get trapped with their bogus promises.

Kalika, Apartment Resident

9th June 2016

Commentor clearly mentions that this is in relation to a work which post sale.

The charge of 200% as claimed by the commentor is a repair work caused by a 3rd party vendor whos is allowed to work only after possession is given to the client.

You are lucky to be dealing with a builder who has provided you your home on time unlike the industry norm.

As its a post handover work all clients have the freedom to get the work done by any skilled agency. They are not bound to do the work with us. In this case as well we have not forced the commentor to work with us.

We have provided our cost. We are in business and our core competency is construction. Not repair works and hence we will surely be costlier than a repair specialist.

This outburst on public forum is unwarranted since it has no correlation with the ethics and quality aspects of my company as it is a post handover work.

CoEvolve Estates Pvt Ltd, Bangalore

10th June 2016

Official account of - CoEvolve Estates Pvt Ltd

Asset Builder,

Thank you for clarifying. I agree for your full support on construction work and any issue which arise within it.

Thank you Again, Please continue to support your customers.

Kalika, Apartment Resident

11th June 2016

If you are interested you can post your requirement at http://www.commonfloor.com/post-public-property-requirement to get matching properties details on your Email and Mobile.

padma.g1990,

24th August 2012

Comment

Asset Alcazar offers excellently designed homes located on the bustling Sarjapura Road, Bangalore. It offers 2bhk and 3bhk spacious apartments with unique amenities.

Upendra, Bangalore

24th August 2012

Comment

Hi Manoj, Are you planning to book flat in any of the project?

Deepak, Chennai

24th August 2012

Comment

Asset Placid is located close to Electronic City and Sarjapur road - the fast developing localities of Bangalore City. You will find all your needs are met at asset placid with a selection of affordable 2 bhk & 3 bhk apartments.

Sudersan, Bangalore

24th August 2012

Comment

Asset Builders is one of the leading real estate organization in the real estate. They have successfully completed prestigious villa projects and apartment projects.

Srikanth, Lucknow

24th August 2012

Comment

looks like liks marketing

Supratim, Bangalore

23rd August 2013

This builder is not at all good after sales. They are super expensive after sale. I would not recommend this builder to any one. For any work they are charging more than 200% than the actual cost. Their price is just not justified. And they increase their existing works cost by 66% anytime saying there was some loss.

Please stay away from this builder.

Kalika, Apartment Resident

9th June 2016

I do agree, this builder is good in terms of construction and delivery date and they do support its customers post sales if there is any issue construction work.

Kalika, Apartment Resident

11th June 2016