Loan pre-approved for investment, but now I'm seriously second-guessing. Does poor construction quality really kill resale value and hike long-term maintenance in projects like Shriram 107? Are amenities just for show?
Shriram 107 Southeast Phase 2 by Shriram Properties is a landmark residential development spread across 18.0 acres in Attibele / Hosur Road outskirts, Bengaluru. Comprising 708 units across 1 towers, it offers 2 BHK from ₹0.62 Cr, 3 BHK from ₹0.8 Cr with world-class amenities including Waiting Lounge, Amphitheater, Cricket Pitch, Volleyball Court, Grocery Shop, and more.
Yes, Shriram 107 Southeast Phase 2 by Shriram Properties (RERA: PRM/KA/RERA/1251/308/PR/190715/002689) is approved by SBI, HDFC, ICICI, and Axis Bank. With prices starting at ₹61.9 L for 2 BHK from ₹0.62 Cr, 3 BHK from ₹0.8 Cr, buyers can avail home loans up to 80–90% of the property value.
Yes, flats in Shriram 107 Southeast Phase 2 by Shriram Properties have a healthy resale market given the project's prime location in Attibele / Hosur Road outskirts, Bengaluru. The RERA-registered nature (number: PRM/KA/RERA/1251/308/PR/190715/002689) makes resale transactions transparent and dispute-free.
The expected possession date for Shriram 107 Southeast Phase 2 by Shriram Properties is as per the RERA-committed timeline. The project is currently Ready to Move. Please contact the developer or check the RERA portal for the latest delivery schedule.
Shriram 107 Southeast Phase 2 by Shriram Properties is home to 708 units across 1 towers on 18.0 acres in Attibele / Hosur Road outskirts. The community features Waiting Lounge, Amphitheater, Cricket Pitch, Volleyball Court, Grocery Shop, and more, fostering an active, social lifestyle for residents and families.
Comments
It's a tough call. Shriram is a known name, and 708 units is a fairly large project. Usually, larger projects have better facility management on paper, but actual execution varies. Maybe check online reviews specifically for the maintenance team or talk to current residents if possible before making a final decision. Your concerns are very valid.
So, what did you decide, OP? Did you go ahead or pull back?
Resale value will definitely take a hit if the construction quality is poor. I saw a flat in Akshayanagar recently where the owner was struggling to sell because of constant seepage issues in the bathroom and common areas. Even after repairing, potential buyers were wary. Builders know we first-time buyers are emotional, so they play on that. Don't rush into a decision just because the loan is approved. Think long-term, think maintenance, think future saleability.
What's the price range for this Shriram 107 project?
That's a significant amount for a first home. After stamp duty, registration, interiors, and then potential maintenance, the overall cost easily crosses the 1 Cr mark. We really need to be careful about every rupee.
The price range is ₹62 L – ₹84 L.
My friend bought in a project near Aavalahalli a few years back, not Shriram, but a similar 'budget luxury' category. He's constantly complaining about plumbing issues and lift breakdowns. The initial savings on EMI are now going into society maintenance charges that keep increasing because of poor original fittings. It's a nightmare! For Shriram 107, what's the RERA status and possession date? COMPLETED projects sometimes hide issues until you move in.
Exactly what U4 said! My uncle bought a Shriram property (not 107, but in another part of Bengaluru) and the clubhouse swimming pool was barely functional for the first two years. Amenities look great on paper and in brochures, but upkeep is a huge cost. Given current Bengaluru market conditions, where resale isn't as hot as it used to be, quality becomes even more critical for future value. Don't fall for just the glitz.
Hey, for Shriram 107 Southeast Phase 2, the RERA number is PRM/KA/RERA/1251/308/PR/190715/002689. And yes, it's officially COMPLETED. But 'completed' doesn't always mean perfect, like you said.
Yaar, I'm in the exact same boat! Loan pre-approved for Shriram 107 Southeast Phase 2, but the more I read, the more anxious I get. People are saying construction quality is a lottery these days. Does anyone here actually live in Shriram 107 or a similar project? Is the maintenance really that high later on? My budget is already stretched, I can't afford constant repairs. And those fancy amenities, are they even usable or just for show like the OP said? It's making me seriously rethink everything.
Haan bhai, same feeling! I'm also a first-time buyer and this quality issue scares me.
Totally understand your hesitation, bhai. Builders promise the moon and deliver dust sometimes. My cousin booked a flat in a different project last year, and the finishing was so poor, he had to spend extra lakhs on basic rectifications. It's not just Shriram, it's a general trend. Always double-check everything during the walkthrough.