Shobha Broken Trust....

Review On Sobha Developers, Bangalore

Same here-- Can you let me know how did you send legal notice to them---

I booked a apartment in Shobha dreams in Jan 2006. They took the booking amount after convincing us with Shobha's reputation etc.Even after a year , and still no construction started. We approached them personally and also wrote mails, but in vain. We were told that they haven't got the BDA approval yet; they are still trying for that. We got a mail in Feb 07 saying that since there has been no progress made; they will return the booking amount with interest of 9%.

We again made to their office, and write mails telling them its not fair, as they have kept the money for over a year, and we will not get anywhere at the rate which we booked at that time. They said they can give a discount of 2-3% on current (not booking rates) of any other project, which we put as 'inappropriate' for the

increase in property rates in bangalore.

They have returned back the booking amount (with not even 9%). In their letter they indicated that they had informed at the time of booking that there were issues with the project (They never communicated anything like that to us, not replied to any of our mails/registered letter).

Seems they did not even have the DC conversion done, there are several other issues highlighted in the letter (government laws that they failed).I want to take this to some good consumer forum as Shobha has kept booking amount for so long. I have also lost an opportunity to have a Shobha

apartment, because the current rates are outside my reach. Also, they have not communicated anything (we even visited them thrice over the last 4 months). As they r a listed company with Sebi, I even want to highlight this to Sebi.

Till now, Shobha Developers have not shown any regard for their mistakes. If it was a land which is under industrial zone and other issues in their mail, why did they even take money from us. To cover deficit funds or take money at a low lending rate/Could anybody suggest what could be done regarding this?

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