Puravankara Projects Limited IPO Message Board (Page 10)

Dear All

Read the following comment from a boarder at moneycontrol, pasting it her for all again....decide after reading this....
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have been reading few reviews on Purva properties in Bangalore and saw a few +ve feedbacks also. I could not resist myself to add my view.....

My review is based on experience with Purva

Riviera -Marthahali

I am surprised to see few +ve feedbacks, I can only conclude that these people are may be NRIs and have never seen the actual property yet. They are investors and least bothered whether it is ready or not. Anyone with a genuine interest in a property will never be happy with

1: Delayed delivery, my delivery commitment was in Feb 06 and till today (Apr’07) the building is still in a being constructed condition. I am sure Purva has never sent these photographs or posted on the website. ( All have confirmed Purva is particular in taking timely payment then what happens to delivery commitment)
2: Bad Quality , Need no mention of the quality, few reviews have already out lined the quality and the perfection in the job Purva has executed in their projects. Only thing I feel Purva does not understand what Quality is . Have inexperienced staff who do quality check and sign as Quality Checked. That is the problem with ISO 9000 format, it believes in documentation and not the real quality. The people who decide the tiles and color are the worst in aesthetic sense.
3: No Customer Focus: Till today not a single call has been given by Purva to me saying how far the project has been completed, when the common facilities are supposed to be ready. Not a single meeting has been called by Puravankara from their side to discuss the issues with customers.
Only mail I have got is to explain why I should not get the delivery in time and ultimately why I should not claim the payment for delayed delivery.
4: Inaccessible Sr.Management: Purva’s Mantra for customer complaint management is : Keep Quite. Sr. Management practices this very well and rest of the team Follows the Leader. Send them 100s of mail it will never bounce and it will never be responded.
5. Great Marketing Talk: The Sales man makes a 1000 promises like typical sales man. Even he will arrange a meeting with the Sr.Manager before you make the payment. After you make the payment .... please ready above :)

Anyway it will be not fair not to talk about the few good people who are helping the customers. However this does not mean all what I have written above are not right.

1.There is only one person in After Sales who always tries to help, he has some limitation as he has many bosses and he is just a small clerk
2.The site (block) in charge: This is poor chap comes to the picture only after all Purva suppliers have supplied, constructed and spoiled the Swarg. He has the guts to face angry customers. He ensures that he gives you some patch work so that you at least little happy. He gives a smile when you are in the complex goes along with you. Promises to rectify your issue and tries to keep the promise. But again he is helpless as there are many bosses and they are supposed to be experts...

Any way great experience with Puravankara. It is good or bad, experience is always an experience. The lesson learnt by me: Not to buy another Purva Property in my life, nor advise any of my family members or close friends.

A little advise to the Purvankara Management:

Don’t claim that you make a Swarga on this Earth, You make your customers Trishanku who live neither in Swarga nor on earth. You create a concrete structure only happy customers make this Swarga.
Want to make this a real Swarga?
It is not late ....
Talk to us and I promise, I will write a new review any where you want...
If you still ignore... Please note: The Seller Market Phase is going to be over soon...

Cheers...

i am already having a demat account and my doubt is can i open a another demat account for me itself

can I apply for IPO's with Multiple PAN applications

I think this is a good IPO and we will good return after investing. I request any one please tell me present grey market premium. So pls invest for better returns

Regards


Raj Kumar Banka

i want to open a new online trading account can any body suggest me any account which is best in terms os service and brokerage thanking in advance

this IPO will give good return to therir members

I m lucky enough to get alolotment of 100 shares of everonnin 2 a/cs of 3 max application.
can n e one guide me with listing price of everonn.????
whether i should apply in Puravankara projects limited ipo

have anybody idea about new ipos in august i have idea of koutons in mid august any other if anybody knows?

Hi Subham

Grey market premium is 50-52.
It will come down to 10-12.
But better not to go for this.

Can anybody tell me the grey market preium of this issue?

THIS IS NIRAVANKARA COMPANY. WILL GIVE NIRVANA FOR THE INVESTORS.

Dear Investors,
Puravankara is very good issue. The face value is also
5.00 Rs per share compare with HDIL or DLF THIS issue is
200% better.
The listing rate it self it comes Rs 1000.00. In longterm it comes Rs 2350.00 ie wit in 9 months.
So puravankara is very good issue for investors in 2007
next to educom cmm.

hi friends
is it advisable to invest in this ipo?

How do we come to know about the date of allotment and listing of shares...??

Allert:::It's FACE VALUE is 5 not 10 as in case of other issues except DLF whose face value is rs 2.So its price is Rs 1050 at face value 10.

are they made or what they priced their stock at pe of 77 ha ha ha ha ha ha. peoples put avoid on dlf with pe 44 so how they are going to put subscribe on this one. lets see what happen, hihihihihihihihihihii

Looks like not a good issue. Apartment owners from this company is not hapy. I am staying near to their appt. Lucky diodnt brought form them.

i was lucky enought to get allottment of allied & everonn ipos.allied sold at resonable profits.hoping goodlisting by everonn.grey market premium rs.300-325per share.all the best for everybody in new issues whodid not got allottment.

Hey Lokessh,
Why have you copied my earlier comment ?

Hi, As per there objective is to repay the loan amount so i think its bad issue & Price band is also high compare to DLF, HDIL. don't apply
Objects of the Issue:
1. To raise capital for Finance land acquisition.

If this company now acquires land, after raising money from market, it will get land at very high cost. How will it help investors ?

Real estate is a risky proposition. Evaluate properly before jumping in.