Your Investment is unsafe with SOVEREIGN DEVELOPER

Review On Sovereign Developers, Bangalore

I had invested my hard earned money in "sovereign Unnathi" in the year 2010, with a great hope of getting my dream home by 2013. As per sell agreement , at the time of booking my Basic purchase cost was 32 Lacs(1712 sqft).

After that they had delayed the project as per their own wish and in between demanded few lacs of Rs extra towards modification. Now after 3 years with 60% completion status, they had come up with an extra demand of 17 Lacs on top of 32 Lacs towards escalation for material & labour cost ( 8.5 lacs for 2 BHK 856 sqft flats) . Can any one imagine an escalation 55% of your targeted cost. The flat, which suppose to cost me Basic 32 Lacs, now going to COST basic 49 lacs + taxes, electricity, water , registration , statutory charges.

They had asked all the owners to pay that extra amount or to walk away with the amount we paid as on date with 9 % normal interest.

This clearly shows that they don’t give value to the customer. For them its profit and more profit ---- Let it be in unethical way.

I am giving this review with a broken heart and fallen dream. I don’t know how they are operating their new project " Sovereign sonna" ? I doubt! Who ever has already invested, they are help less / option less! But who ever thinking to invest ... Please don’t commit this suicide ... Your investment is unsafe here.... Your blood and sweat will become water.

To verify the above statement , can cross check with any sovereign Unnathi flat owner.

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