[Resolved]  SNR Verity — SNR Verity hassle

after elaborate financial arrangements, we booked an apartment at SNR BUILDERS/SNR SQUARE/SNR WIND MILL AND VERTINY in July. We were in fact not ready yet and needed 3-4 weeks more time so that we could arrange for the initial payment. The sales-person assured us he would extend the time and persuaded us to make the booking. As a family we were pleased we could pool in our resources and buy an apartment from a good builder. After the loan was sanctioned by the bank, it was a sense of achievement that everything was in place and we were realizing our dream of having our own home.

We made the initial payment to SNR BUILDERS/SNR SQUARE/SNR WIND MILL AND VERTINY which was partly from own funds and partly from the loan. After about a month, we received the demand from SNR BUILDERS/SNR SQUARE/SNR WIND MILL AND VERTINY for payment for the next slab. This was the starting point for the surprises. In addition to the slab payment, SNR BUILDERS/SNR SQUARE/SNR WIND MILL AND VERTINY also demanded interest on delayed payments. Over the last few weeks we have had several communications with SNR BUILDERS/SNR SQUARE/SNR WIND MILL AND VERTINY on this matter and to put it mildly our experience has been disappointing. As a result of the rigourous communications, SNR BUILDERS/SNR SQUARE/SNR WIND MILL AND VERTINY partly reduced the interest charges. The sales-person has backed out from honouring the rest of his assurance.


On analyzing the transactions, we found discrepancies too. Our bank had disbursed a lesser amount per their recommendation after assessing of the project progress. SNR BUILDERS/SNR SQUARE/SNR WIND MILL AND VERTINY mentioned they were correct in their demand. They wanted us to produce a letter from the bank with this information and promised to act on the same. After we produced the letter, they stated that they would not consider it. We felt deceived. Why did they want the letter if they were not to consider it? We noticed that in the cases where we had handed the cheque to their sales-person, SNR BUILDERS/SNR SQUARE/SNR WIND MILL AND VERTINY had recorded it only on the next day. Hence, they charged the interest for an extra day. On one instance the courier was delivered on the Saturday, they recorded the transaction on Tuesday.

We expect honesty from reputed companies. Sadly, my experience with SNR BUILDERS/SNR SQUARE/SNR WIND MILL AND VERTINY has been different. As a customer of SNR BUILDERS/SNR SQUARE/SNR WIND MILL AND VERTINY, my interaction with their people has caused me disappointment. For a reputed company, SNR BUILDERS/SNR SQUARE/SNR WIND MILL AND VERTINY is not righteous in its policies. While they charge the customer interest at 18% by reflecting delays, they exempt themselves from any delays. They carefully do not commit any slab dates, so no delays come upon them. To my frustration, when I offered to make future payments in advance to counter some of the interest charged to me, they refused to account the advance in the same way.


At the outset, in spite of being confident that SNR BUILDERS/SNR SQUARE/SNR WIND MILL AND VERTINY will deliver to me an impressive apartment and in spite of paying a premium price for that apartment, I'm afraid their trivializing ways have tarnished the pleasure of owning a SNR BUILDERS/SNR SQUARE/SNR WIND MILL AND VERTINY property. As SNR BUILDERS/SNR SQUARE/SNR WIND MILL AND VERTINY's customer, I have been through a false assurance; a false commitment leading me to obtain information from my bank; penalties for transactions incorrectly recorded by them and subjected to unfavourable policies.Finally SNR BUILDERS/SNR SQUARE/SNR WIND MILL AND VERTINY cheated me like anything they are the frads and make false promises says silly reasons my suggestion is not to go with the SNR BUILDERS/SNR SQUARE/SNR WIND MILL AND VERTINY.If you want to buy a propert go with decent builders

I totally agree with the complaints posted here. Here's my story:

I booked a flat with SNR SQAURE/SNR BUILDERS in Bangalore early 2016. My experience mirrors many of the comments made here.

1. For one, it is supposed to be a “super luxury” series with good carpet area and ample scope for customization. But in reality, I was very disappointed with the fittings. For example, all the sanitaryware are in white no matter the floor/tile color. If you want to change them, SNR SQAURE/SNR BUILDERS charges an arm and a leg (see later on customization)
2. Insist on seeing the Sale and Construction agreement BEFORE you give the deposit amount!! But, I bet the sales guy will dodge your request. There are lot of hidden clauses which make it totally a one sided agreement.
3. SNR SQAURE/SNR BUILDERS hates to accommodate any changes! In fact, the construction agreement has this one sided clause which says that if you many any mods/changes from the original specification, they are not obligated to pay ANY compensation in case of delay in handing over, regardless of the how long the delay is.
4. In spite of this, if you are bold and make any changes, they charge a hefty amount. It is actually a money making scam. For example, they charged 3 times the amount for upgrading the EWC (toilet) from Hindware white to Parryware color!!! And they are least bothered when you bring this to their notice. There attitude is: your neck is now in our hands, scream all you want!!!


They have been blaming everybody but themselves for it. I feel they don’t give a damn about residential projects anymore… It is a necessary nuisance for them. Their focus is on commercial properties now.

As far as I am concerned, SNR SQAURE/SNR BUILDERS is no longer the desired choice when it comes to residential real estate.

My strong suggestion is for the customers to rally together and sue them in a court of law. I am sure we have a strong case.
Guys please think infinity times before buying an apartment in SNR SQAURE/SNR BUILDERS .lots of fake promises will be made by sales executives and bank executives

One of the most corrupt builder in Bangalore.
The Managing Director was first attached to Congress, then was a BJP a supporter until last state election, I am sure, slowly he will change his support again to the ruling congress +Janata party, as he things "keeping attachment with ruling party will help him to do all types of mischievous.
After agreement, due to some personal reason, I requested them to terminate the agreement and by honoring agreement, requested them to refund balance after deducting penalty. The builder is saying that he is not going to refund any money. He is saying either I have to go for buying the flat, else, ready to loose all money that I have already paid to them.

I would like to mark this issue as RESOLVED - it took a bit longer, because it seems the concern person, who handles these issues were absent for a long and then became busy for other stuff.
Anyway, Both me and SNR agreed to honor the agreement. As per the agreement, after deducting 5%, SNR agreed to refund the balance that I paid at the time of agreement.
So, I would like to mention that constructive communications and patience helped here to resolve the issue and I have nothing to say against SNR and I would do business with them in future, if situation changes.