S
Simran Gupta
posted on 17 MayDownsizing dream turning into a hidden cost nightmare
I'm starting to think these builders just make up charges as they go. Kids have moved out, so we're downsizing to a compact flat at SMD Altezz. Shree Maheshwara Developers added so many 'surprise' charges at possession – PLC, registry, maintenance deposits. It ballooned our budget. And trying to get answers from their customer support? Forget it. Anyone else faced this with them?
#hidden-charges#possession-experience#shree-maheshwara-developers#smd-altezz#bengaluru-property
Comments
This is really concerning. SMD Altezz, you said? I quickly checked Propmyna's builder database, and Shree Maheshwara Developers shows '0 total projects'. Yeh toh aur bhi red flag hai. Anyone heard about SMD Altezz before? Ya yeh builder naya hai market mein?
Oh
U9, wahi toh! I heard some chatter in another forum that SMD Altezz possession dates are already getting delayed. Aur U2, I think they are relatively new. Location ki baat karein toh, it's near Aavalahalli, not Akshayanagar or Adigara Kallahalli side. That area is developing, but a new builder with delays is a double whammy.
Exactly! Builder ka '0 projects' dekh ke thoda tension ho raha hai. First-time buyers ke liye aise builders se deal karna bahut risky lagta hai. Kisi ko possession mila hai kya SMD Altezz mein?
Totally relate! Builders in Bangalore have this knack for adding 'surprise' charges at the last minute. We were looking at a property in Sarjapur, and the initial quote was so appealing, but by the time we got to the agreement stage, it was like a whole new budget. PLC, club membership, corpus fund... list never ends. Shree Maheshwara Developers ka toh sunke aur darr lag raha hai.
U7, usually it's Preferential Location Charges (PLC) for higher floors or corner units, then GST, stamp duty, registration charges, legal fees, maintenance deposit (sometimes 1-2 years upfront), and then utility connection charges. For my friend's flat, just these 'extra' charges added almost 8-10 lakhs to the quoted price! And this was for a small 2BHK. It's a huge hidden cost, especially for budget-conscious buyers like us. Builders often don't disclose these upfront clearly.
Oh no, this is my biggest fear as a first-time buyer. Kya kya charges the aur kitna amount extra laga aapko possession pe? Exact figures se thoda idea lagta.
Haan bhai, same experience. My cousin faced this with a project near Aavalahalli. Builder ne bola sab included hai, but possession pe double shock laga.