Experience with SAMRUDDHI Lake Drive Project

Q: Guys,

I was interested in SAMRUDDHI Lake Drive project and had got a initial quote from their manager. The quote was close to my budget and I was on 2 week vacation after that discussion (which was intimated to their persons). But I had a surprise when i came back, their General Manager spoke to me over Phone and gave a exorbitant quote as the hiked price (this was 40% above the quoted price).

After discussions (back n forth) with other managers, they gave me a revised quote which is 10% above the first quote. I am confused whether to really proceed with the revised quote and go away from the project as this was break of trust without notice. They couldn’t keep the committed price, how will they be committed to other promises with their project.

Appreciate if you could share your experiences with SAMRUDDHI.

Karthic Somalinga, Apartment Resident

22nd January 2014

Buying property in Samruddhi Lake Drive, Old Madras Road, Bangalore

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Replies (6)

Dilip, Good review. I have to say this.

The availability at Lake Drive is more than 50%. This is the situation since Sep 2013. Considering all the issues mentioned in Dilip's post, i think 1.3cr to 1.4cr is good for this non-luxury economy villas, Not otherwise. At 1.5cr you will get several other projects.

Harsha, Bangalore

29th January 2014

Comment

Check my detailed review about this project - http://harshasagar.com/questions/experience-with-samruddhi-lake-drive-project/

Dilip, Bangalore

27th January 2014

Comment

Dilip, Execellent review.. I will agree to each of the point you mentioned...

Harsha, Bangalore

29th January 2014

Will you be interested in other properties? Drop your requirements at propsuggestion@gmail.com

Propsuggestion, Bangalore

24th January 2014

Comment

You can call on this toll free number (1800) (180) (180) (180) Or You Post your Requirements to get matching properties details on your Email and Mobile.

Mahi garg, Bangalore

23rd January 2014

Comment

How many bedroom flat are you looking for and what is the budget? Will you be interested in any other project located at Old Madras Road.

Gajendra V, Bangalore

23rd January 2014

Comment

Hello Karthic, The builder is quoting Rs 5500 per square feet for me. How much did they quote for you?

Partho Sen, Bangalore

23rd January 2014

Comment

Hey Guys!!! I heard that Samruddhi Realty is one of the reputed builders then why they are doing like that.. Any idea which are the banks providing home loan for this project and what are the types of villas they are offering?

Shiva Reddy, Bangalore

23rd January 2014

The project is under construction and the estimated possession date of the project is by mid of 2014. Samruddhi Lake Drive offers 4 and 5 bhk villas. The size of the villas ranges from 3200 sqft to 5600 sqft. The project has got approvals from BDA and banks like HDFC, LIC, Axis, SBI and HSBC.

Partho Sen, Bangalore

23rd January 2014