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Dont book into Sobha if you are Salaried !!!!

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Ashwin_ijalab
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Bangalore India

Dont book into Sobha if you are Salaried !!!!
Oct 01, 2013 10:17 AM 465356 views
(Updated Oct 01, 2013 04:49 PM)

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It one of the worst decision of life when we booked into. Their Sales people are such that they fool you with glib-promisses and persistence. They would lure you into getting the booking amount with fake time-lines and promises of support.  The timelines of payment would be such that Builder would try to take above 90% in initial short period and then make you wait for long time for project completion.


The sales people appear polite and cooperative initially the moment they get booking amount they would turn nasty. They would then arm-twist you to sign the agreement (by saying that if you dont sign your booking amount would be deducted huge amount. But if you make mistake of signing the agreement (of which nothing you can change) you have had it!!


They charge extortionist interest rates (put shame to even pawn-brokers) for any delay in payment and would set really punishing schedule of payments. (30% initial and 11% thereafter every 2 months) You would end paying more than 90% amount within one year of booking but completion dates would be 2.5-3 years in future and that too tentative.


The sales person (who made glib promises) would practically start insulting you if you try to reach him. And CRM people would turn extortionists and start quoting agreement like machines. There would be no help from Sobha for reselling (unlike prestige or mantri etc. Sobha they don't have reselling division or policies). So once you are suckered in from sales people and are dependent on loans etc. you would end up like us loosing nights sleep on how much of your life-times savings would be lost!!


If you are really enamored by Sobha quality it is much better to buy from an individual-re-seller because at least he/she would give correct picture of advantages/dis-advantages etc. Don't even get into glib Sobha salesmen ear-shot - full of glib talk, misleading pictures, Better go for some one who had taken all the heartburn and tell you what reality is - they would tell you what to expect from whom.



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Comments on Sobha Developers - Bangalore Review

wrong decision to buy with sobha

By: Ashwin_ijalab | Oct 01, 2013 04:49 PM

Sobha developers has to train their people to sell apartment ethically and not by giving false information.

I bought sobha city in 2013 ( Casa Paradiso) I was told the property will be complete in 2017 for handover and they had just started...the foundation. When I asked about the time line for installment payment i was clearly told its a large project and the Installment payment will be once in 4 months. Ideally the 95% of the apartment value was supposed to be collected by end of 2016 based on the timeline mentioned by the sales guy, however 95% of the amount is collected by expediting the civil construction beginning 2015 still maintaining the handing over of possession year as 2017.

will any wise and prudent person pay for an apartment 95% of the value 2.5 years before the possession. They don't understand how much interest adds up on 1.5Crs unit with no visibility on appreciation. I would have been much better off investing in on a land with a waiting period of 2.5 years. It would have for surely given me a return of 50%

Its all because of the wrong information by the sales person.

All apartment buyers pls check beforehand on the time line of installment payment and then decide to buy an apartment or land

regards
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By: sreecharannv | Jun 24, 2015 08:00 AM