Formula Homes reviews and complaints
The good, the bad, and the ugly - discover what customers are saying about Formula Homes
Welcome to our customer reviews and complaints page for Formula Homes. We understand that making informed decisions about where to invest your time and money can be challenging, which is why we've created this platform for our community to share their honest feedback about their experiences with Formula Homes.
On this page, you'll find a comprehensive collection of reviews and complaints from real customers who have used Formula Homes's products or services. Our reviews are authentic and unbiased, providing you with a complete picture of the company, its products or services, and their customer service.
Whether you're considering doing business with Formula Homes, or you've already had an experience with them, our community's reviews and complaints will give you a valuable perspective on what to expect. Our goal is to help you make informed decisions about where to invest your time and money, and we hope that our platform will be a valuable resource for you.
Please feel free to browse our reviews and complaints and share your own experience with Formula Homes. Your feedback is an important part of our community and will help others make informed decisions.
Another Rip Off?
Formula Homes went into liquidation a few years ago now we noticed that Ravi Krishnan and Rani Krishnan (owners of Formula Homes) have built another building/development site call Auctionbuild. The tradies didn't get paid when they owned Formula Homes so what is to say that they will get paid if they subby for Auctionbuild. Also we noticed that the home owner has to pay $1500.00 up front to Auctionbuild which apparently is 'fully refundable' yet when you go to click on the Terms and Conditions link it doesn't work neither does where to find them. Another scam in the making!
The complaint has been investigated and resolved to the customer’s satisfaction.
new company
It seems the director of Formula Homes, Ravi Krishnan immediately started another company on 13 July 2011 after putting Idea Builders under ext administration. The company is called AMANDESA PTY LTD.If anyone knows what this company does, post it here. People like Ravi Krishnan should not be allowed to con more people while living in a mansion and driving a BMW.
It seems the director of Formula Homes, Ravi Krishnan immediately started another company on 13 July 2011 after putting Idea Builders under ext administration. The company is called AMANDESA PTY LTD.If anyone knows what this company does, post it here. People like Ravi Krishnan should not be allowed to con more people while living in a mansion and driving a BMW.
The complaint has been investigated and resolved to the customer’s satisfaction.
I agree, he has no scruples or moral code whatsoever.
Couldn't agree more. This issue may have reared its ugly head again!
What can you say about greedy people that profit by cheating others and have no scruples.Ravi Krishnan should not be allowed to start another company before having paid back all the people whom he profited from.
breach of biulding contract
my name is angelo pilla i signed a crontract to biuld with formula homes 1n june 2008 . Im still waiting for handover.During this whole nightmare i have had nothing but grief and dissapointment in watching my home being constructed where do i start firstly my home was being biult from the inside out, my brick work is sitting 50mm off the slab, all my...
Read full review of Formula Homes and 10 commentsBuilding contract ended
I signed a contract with Formula Homes and paid a deposit for a home. In 10 months I received 2 sets of final drawings, both had the wrong facade and were sent back. I was then sent a variation for the correct facade with an extra cost of $6000. The customer service coordinater, Gary, said the salesman made a mistake and the facade I was sold is an extra $6000 and I was told to sign and send back the variation. I refused, as I had a signed contract for that facade and that price.
Gary was extremely rude and uncooperative and every time he rang, he just wanted to argue. He has no problem solving skills or customer service skills. I got to the stage where I would not answer the phone if they rang as I was sick of arguing with them.
I had 2 color appointments, the first one the drawings were not ready so we had to cancel and the next appointment, which took 6 hours, they lost the selections.
By this stage, I had no confidence that they were even capable of building a house.
Then in October, after 10 months, they ended the contract by letter and said they would refund my deposit, I"m still waiting for my deposit. Its been 7 months and no sign of my deposit.
The complaint has been investigated and resolved to the customer’s satisfaction.
I believe that Formula homes have now gone into liquidation. They were as dodgy as, never paid their contractors, their internal office and management procedures were a joke. It's no wonder they went bust!
New house build. Formula were a cheap alternative. In service, build time and price. Our house was completed in 14 months. Which was 6 months over the contracted time. We went through 3 site supervisors and 3 customer service officers. Customer service was extremely poor. Email contact was hardly ever replied too always requiring phone follow ups. Site supervisors seemed to have no ability to manage trades or time lines for each job completion. Many jobs were started then left as the trades were paid but never finished. Causing further delays. Quality of the finished product s far from superior. You would expect perfection after such a long build time. our house is only 24sq so not huge by any means. Do not be fooled by cheaper prices. You get what you pay for. Poor service, poor quality and excessive build times.
Formula Clownes keep away from them, mistake after mistake nearly 6 months over contract they make lying a art form how can you build a house when they only do 6-8 hours of work a week, they are a bad joke My advice is to stay away we have meet another couple and they have had the same problems I wish I had found this website before we had started more to come stay tuned !
I am facing the same issue with Formula Homes too. It took me 6 versions of Tender, 5 version of Colour selection documents, 4 versions of Post Contract Variation before landing to final copy. This company is not professional at all and I experienced the same rudeness from Gary as well. They made silly mistakes that people like me not in the trade can point it out easily but not them. My house building gets delayed over & over again with all these silly errors that caused delays. There is no transparency in process in this company, I agreed 100% ! In fact I helped them a lot to pick up their mistakes but still this goes never ending and I have not even seen anything starting at my site 8 months from initial engagement.
I'm going through something similar now. They have an ambiguous clause in the contract which at this stage I have refused to sign, however they seem very unwilling to compromise or even show transparency, it all seems very dodgy. I signed up with a Sales Consultant who is no longer with the company and I'm now dealing with someone else who, has increased prices from the first tender to the second tender without telling me, has been very unhelpful and down right rude.. I feel as if they are trying to take me for a ride and I have paid two deposits so far which if I decide to walk away I'm surely to lose. I would advise anyone considering Formula Homes to beware..
We also experienced some serious issues with this company (Formula Homes) BEWARE it may well be the worst decision ever. They lack understanding of the project and the mistakes are numerous and ongoing. Highly alarming business dealings.
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I was going to sign on to Auctionbuild and was very concerned also about the lack of details on the site and the company's sponsers.
I was told they were located in Glen Waverley, if you know the address can you send me a personal message as I would love to ask Ravi Krishnan and Rani Krishanan personally a few curly questions face to face. I have read all the other Formula Homes complaint forums and it makes for interesting reading.