Frequently Asked Questions
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Shriram Mystique
Yeshwantapur, Bangalore, Karnataka
SHRIRAM PROPERTIES LIMITED
SHRIRAM MYSTIQUE is a premier residential project located in the serene locality of Mydrahalli, Yeshwantapur, Bengaluru. This project is designed to offer a blend of modern living and traditional charm, making it an ideal choice for families and individuals seeking a peaceful yet connected lifestyle. The project spans over 2 acres and features a total of 72 units, comprising 64 three-bedroom and 8 four-bedroom apartments, all designed with contemporary aesthetics and functionality in mind.
The project emphasizes sustainable living with features such as rainwater harvesting systems and energy-efficient LED lighting. Residents can enjoy a plethora of amenities including a spacious club house, party hall, and landscaped gardens, ensuring a vibrant community atmosphere. The location is strategically chosen for its accessibility to major highways, educational institutions, and healthcare facilities, making it a convenient choice for urban living.
SHRIRAM MYSTIQUE is not just a home; it's a lifestyle choice that promises comfort, luxury, and a sense of belonging. With the promise of possession in Quarter 2 of 2025, this project is an excellent investment opportunity for those looking to secure their future in one of Bengaluru's most promising locales.
What is SHRIRAM MYSTIQUE?
SHRIRAM MYSTIQUE is a residential project located in Mydrahalli, Yeshwantapur, Bengaluru, offering 3 BHK and 4 BHK apartments designed for modern living.
What amenities are available in the project?
The project includes a club house, party hall, and landscaped gardens, promoting a community-centric lifestyle.
What are the nearby facilities?
The project is close to major highways, educational institutions, and healthcare facilities, ensuring convenience for residents.
How accessible is the project?
SHRIRAM MYSTIQUE is well-connected to the city, making it easy for residents to commute to various parts of Bengaluru.
Is this a good investment opportunity?
Yes, with its prime location and modern amenities, SHRIRAM MYSTIQUE is an excellent investment for future growth in Bengaluru.
Basic Information
- Price Range:
- Property Type: Residential Plot
- Flat Type: 3 BHK, 4 BHK
- Project Status: Under Construction
Project Details
- Possession Date: Quarter 2 2025
- Project Span: 2 Acres
- No of Towers: 1
- Total No of Units: 72
- Total Floors:
- Project Density:
Location & Builder
- Project Name: Shriram Mystique
- Address: Mydrahalli, Yeshwantapur, Bengaluru, Karnataka
- Sector: Mydrahalli
- Locality: Yeshwantapur
- City: Bangalore, Karnataka
- Builder: SHRIRAM PROPERTIES LIMITED
RERA Authority
Karnataka Real Estate Regulatory Authority
RERA Registration Number
PRM/KA/RERA/1251/308/PR/171015/001121
Explore the Neighborhood
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SHRIRAM PROPERTIES LIMITED
- No of Complaints: Not Available
- States (Active in): Karnataka
Understanding Shriram Properties Limited: A Closer Look at Legal Outcomes and Buyer Insights
Shriram Properties Limited, a player in the real estate market, has a mixed track record in legal proceedings. With a total of 120 complaints filed against them, the builder stands at a critical crossroads reflected in their legal performance: winning 46 cases and losing 74. This blog aims to dissect these cases, yielding insights for potential buyers and a better understanding of the company's operational tendencies.
Analyzing Case Outcomes
Cases Lost by Shriram Properties
In the instances where Shriram Properties filed and lost cases, common factors emerge:
- Non-Compliance with RERA Act: Many lost cases revolved around the builder's failure to deposit amounts as mandated by the RERA Act, notably in matters pertaining to compensation claims. For instance, in multiple appeals, the dismissals cited non-depositing as the primary reason, showcasing an inability to adhere to regulatory requirements.
- Delay in Project Completion: The builder faced numerous claims regarding delayed possession and completion of projects, which ultimately resulted in adverse judgments. In cases where homebuyers claimed compensation due to delays, the lack of timely project handover led to a loss in court.
- Settlement Patterns: Some cases were resolved through settlements, indicating a preference for amicable resolutions, often tied to financial negotiations, but these resolutions were not sufficient in cases where formal adjudication was pursued.
This pattern suggests a critical need for buyers to ensure timely deposits by the builder to guarantee compliance, as failing to do so could jeopardize their claims.
Cases Won by Shriram Properties
Conversely, in the 36 cases where Shriram Properties prevailed, several patterns can be observed:
- Successful Negotiation of Settlements: A significant number of cases were resolved through joint memos, indicating an adeptness in negotiating settlements that satisfy both parties. The appeals often concluded with agreed settlements that benefitted the builder effectively.
- Clear Defenses Against Claims: In winning … Read more
