FAQ's

Shanta Sriram Constructions (P) Ltd., is one of the most experienced construction companies in the premium real estate marketplace.
Shanta Sriram has been promoted by Mr. M. Narsaiah and Mr. Lingaiah both qualified and experienced in this field.
As of 2011, Shanta Sriram has completed more than 80 residential and commercial projects in Hyderabad and Secunderabad-Andhra Pradesh in just 19 years.
Excellent reputation & Service, Superb Construction in affordable cost, Modern Facilities and FUTUREs. Litigation-free properties, Timely delivery, Strong core values.
Shanta sriram is presently building more than 3000 residential apartments, in addition, Villas, Malls and Multiplexes, Hotels etc., in Hyderabad and Secunderabad, Andhra Pradesh.
All the residents of Shanta Sriram built apartments are stakeholders of the Shanta Sriram Family.
Two simple steps are all it takes for you to own a Shanta Sriram Apartment:
Step � 1: Please Decide and arrive at the specific Apartment of your choice & fill in the application form provided along with the Brochure or you can organize to collect the Application directly from our person. Once you fill up the application form in all respects kindly meet us. We will guide you from then on.
Step � 2: You need to pay a Minimum Booking amount of Rs. 5,00,000/- (Rupees Five Lakhs Only) + Taxes through Cheque / DD / Cash towards the booking of the Apartment along with the fully completed Application Form.
You will be required to pay 25% + Taxes of the overall cost of the Apartment within 15 days from the date of Booking against which a Formal letter of allotment will be issued to you.
Once we receive 25% of the overall cost of the Apartment, an Agreement of Sale will be executed between the Buyer and the Seller.
The balance amount of 75% should be paid in a maximum of 7 installments. These installments are to be paid by way of Post dated cheques issued at the time of Allotment and this is a Pre-Condition for allotment. The 7 installments are linked to the progress of construction as follows as mentioned below.
Installment Work Progress Amount
1st On Completion of 1st Floor Slab Work 10% + Taxes
2nd Commencement of 3rd Floor Slab Work 10% + Taxes
3rd Commencement of last Floor Slab Work 10% + Taxes
4th Commencement of Brick Work 25% + Taxes
5th Commencement of Flooring 10% + Taxes
6th At the time of Carpentry work starting by the purchaser 5% + Taxes
7th At the time of Possession 5% + Taxes

Note: If the post dated cheques are dishonoured the booking stands automatically cancelled.

Yes, you can pay 97.5% of the Apartment value against which you can avail a discount of 5% of the cost of the Apartment. The balance 2.5% will be payable on possession.
It will purely be the customer's responsibility to comply with the Housing Finance Institutions norms and ensure timely disbursement to us. If payment is not made within the committed dates, it will be deemed that, the customer is adopting the installment scheme and the Discount Opportunity will not be available.

Note: Discount facility can be availed by the Customers who book the Apartment at Excavation level only and not after any work in progress.

Yes, all our projects are approved by LIC HFL, SBI, SBH, HDFC and ICICI Bank, etc.,
It is the purchaser's responsibility to ensure timely disbursement of installment from HFI's and no formal / informal demand will be made by us to the HFI's for the disbursal of installments.

To facilitate smooth payments, customers are required to issue a formal consent letter. Once we receive the institutional payment we will return the PDC's for the installments paid earlier.
In addition to the Apartment costs, you will have to pay HMWSSB and Electricity connection chargers, Car Parking Charges, Maintenances Deposit Fund amount, Registration charges and Service Tax & VAT. The approximate amounts for all these charges will be furnished on request. At all Shanta Sriram Apartments yearly Maintenance charges of Rs.50,000/- will be collected in Advance. This amount has to be handed over to the Builder before possession and in subsequent years it will need to be paid to the Residents Association in advance. Owners are responsible for the payment of all Maintenance charges to the Association.

You will also have to deposit a sum of Rs. 50,000 (PDC) with us towards Extra Works and this sum will be adjusted / closed at the time of handing over of the Apartment. You will have to obtain the formal Bill on all Extra Works from the concerned Engineer before this amount is adjusted / paid for.
If by any chance you wish to cancel your apartment booking, then 10% of the initial amount will be forfeited towards Cancellation charges and the balance will be refunded.
Please do get in touch with our person and we will provide the latest and updated information regarding the availability of apartments on which floor and of what size.
No, there is no differential pricing based on floors or orientation of the apartments.
Good knowledge of customer preferences and an awareness of the latest trends regarding the products have enabled us to select and choose the best specifications and designs for your apartment. Outer elevation, outer structure, bathrooms & kitchen positions shall not be modified. Only minor modifications shall be allowed with the permission from the builder.
Carpentry Work / Wood Work / False ceiling / POP work in your Apartment can be started only after paying 95% payment of the Apartment and on obtaining formal NOC (No Objection Certificate) from us.
Kindly note that all the pending dues have to be fully paid before you plan and organize the formal Housewarming or Grihapravesham function. You will also have to formally inform us about the proposed Grihapravesham function at least 15 days in advance. The complete settlement of account is a pre-requisite for organizing the function.
One Car Parking space can be provided for every apartment on payment of specific parking Cost. Parking will only be allotted on priority basis and on receipt of Full Payment. Additional car parking space will be allotted at additional cost. Additional Parking will be allotted on first cum first serve basis and subject to availability at the time possession / occupation.
You must clear all the payments/ dues like flat cost, car parking amount, Water & Electricity charges, extra works, VAT, Service Tax, etc., and cross verify all the receipts with the builder and get the possession and No-Due certificate before 10 days.

And you have to inform us the date of occupation before 15 days to complete all the formalities and all remaining works in the flats.
Any one of our marketing team shall help you in this matter.
After the completion of the building, the builder will maintain the apartment for a span of 6 months. The first date of the 6 months will be the date from when the first purchaser occupies an apartment. Only after 6 months a residents association is formed. The expenses incurred during this 6 months period will be charged from the maintenance deposit & the balance amount from the maintenance deposit will be formally handed over to the regular association.
You can write or call us to our office address listed below.Shanta Sriram Constructions (P) Ltd.
# 501, Oasis Center,
Somajiguda - Begumpet Main Road,
Hyderabad, Andhra Pradesh - 500016.
Phone : +91(40)65656500

Cell :
Prabhakar - 9849955884
Mallesh - 9849955886
Dinesh - 9849955887

Media Contact FAQ's

QUERIES REGARDING MEDIA

Before you purchase a flat, you have to have a title and document search conducted by a competent advocate. You cannot do it yourself. You have to use the services of a competent advocate. It is a professional job to be done with professional assistance.
Carpet Area: This is the area of the apartment/building which does not include the area of the walls.
Built up Area: This includes the area of the walls also Super Built up Area: This includes the built up area along with the area under common spaces such as the lobby, lifts, stairs, etc. This term is therefore only applicable in the case of multi-dwelling units.
The liability of paying stamp duty is that of the buyer.
The stamps are required to be purchased in the name of any one of the executors to the Instrument.
Market value means the price at which a property could be bought in the open market on the date of execution of such instrument. The Stamp Duty is payable on the agreement value of the property or the market value which ever is higher.
The instruments like Agreement to Sell, Conveyance Deed, Exchange of property, Gift Deed, Partition Deed, Power of Attorney, settlement and Deed and Transfer of lease attract Stamp Duty on market value of the property.
The Sub-Registrar of the area, in whose jurisdiction the property is located, is the appropriate authority for knowing the market value of the property.
Purchasing a flat on a POA basis is not permitted under the law of the land.
Yes, a POA can be either revocable or irrevocable, depending on what sort of a POA one has made.
A freehold property (plot or a flat) is one where there is a whole and sole owner(s), ownership is full and unconditional (within the provisions of the laws of the land) and there is no lesser / lessee involved.
POA cannot be converted into anything. Leasehold properties of DDA in Delhi can be converted to freehold, as per provisions.
Gift of an immovable property is considered as a 'transfer' under the provisions of the TOP Act and you have to have the transaction registered through a Gift Deed and pay stamp duty as per provisions of the relevant stamp act depending in which state the property is situated.
When you are buying a flat from a builder in a building under construction, you have to check the following:
1. Approved plan of the building along with the number of floors.
2. Ensure that the floor that you are buying is approved.
3. Check if the land on which the builder is building is his or he has undertaken an agreement with a landlord. If so, check the title of the land ownership with the help of an advocate.
4. Check the building bye-laws as applicable in that area and ensure that the builder is building without any violation of front setback, side setbacks, height, etc.
5. Check specifications given in the agreement of the sales brochure and ensure the builder provides the same specifications on the ground also.
6. Check the reputation of the builder.
7. Ensure that urban land ceiling NOC (if applicable) has been obtained or not.
8. NOC from water and electricity authorities also has to be obtained.
9. NOC from lift authorities.