Sovereign Developer- Dream shattered of 1000s

Review On Sovereign Developers, Bangalore

Sovereign Unnathi project was launched in April 2010 with a lot on fun fair and at very attractive prize 15 Lakhs + taxes + Reg and others for a 856 sgft flat. They explained us how they are saving cost and will be able to build the flat successfully. No wonder people flocked in and within few months all 1600 flats were sold. But nobody had any idea of the pain and agony one will go through in the coming years.

Below are the issues we faced during last three and half year

++ They promised in their Brochure that Project {all 1600 flats) will complete in Nov 2012 with three months grace period. Later they divided the project in 3 phases and as they had approvals for A and B block only. Approval for C and D block came after almost a year i..e in 2011.

++ They said they will start the wall work of first floor once the fourth floor slab work is complete. But they never did that and the wall work completed only after whole 15th floor slab work was completed. Main reason was payment was based on the slab work. They wanted to mint all money from us.

++ They promised to give grills in the balcony from third floor instead of walls but later changed the plan without informing us.

++ In 2012 they said VAT and ST has increased and we have to pay extra tax for prev installments, when we asked for receipt they said not possible.

++ In 2012 they asked us to pay Mandatory charge of 35000 for the washing machine fittings. God know what they were doing during the planning.

++ In 2012 Dec they asked us to pay around 3.5 Lakhs for merging two flats which earlier was promised at 50000.

++ They have missed all the deadlines for completion and ready to pay the penalty as mentioned in the agreement.

++ In Aug 2013 we got the shock of our life, they asked us to pay 8.5 LAKHS + tax extra to complete the project. They are saying the cost has escalated and they need more money. They gave us three options:

1. Pay full money and get 10% discount

   
   




2. Pay in three installment all within 11 weeks

   
   




3. Surrender the flat so that they can sell it to someone and return our money with 9% simple interest (within six weeks). Also mentioned that if we do not respond within a week they will cancel our flats.

   
   

Gosh, I can write more but above are the major ones.

This company is full of cheaters and after meeting their VPs and GMs I understand that why they are behaving like this, all their VPs and GMs are truly un-professional and do not understand anything, they speak utter non-sense. In one of our meeting their GM said that they will complete one tower and will give to all the people who will succumb to their un-ethical demand of 8.5 Lakhs and pay them, doesn't matter whose flat it is.

PLEASE DO NOT INVEST IN ANY OF SDIL PROJECTS.

We are now fighting the battle with them in court, complaining to CCI and Credai. Also taking help of our politicians.. We will fight and will fight hard.

Hope this review will save someone from these cheaters !

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