Sobha Canvas
Sobha Canvas is Sobha Developers first plotted layout in Bangalore and is located IVC Road near Devanahalli. Sobha Canvas is spread across 9.9 acres of land and the project is approved by BIAAPA. Other projects in the Vicinity include Sobha Lifestyle Vills, Confident Gold Cost & Century Istana.
Sobha Canvas Options
Offer a total of 77 Plots ranging from 2090 sft to 5536 sft
Sobha Canvas Location
On the proposed IVC Road, approximately 2.5 km from NH 7
Sobha Canvas Price
Current price as of 2nd week of September is Rs. 2750/- per sft
Sobha Canvas Amenities (proposed)
- 12 meter wide roads
- water treatment plan
- concealed power lines
- underground sewage system
- parks + jogging track
Sobha Canvas Concerns
- Priced high at Rs. 2750/-
- Project site of 10 acres is quite small when compared to other layouts in the vicinity
Sobha Canvas Investment Plus Points
- Sobha brand name
- Share yours
Price is too expensive. Once you look at “orchid nirvana”, Shobha canvas is not worth even at the orchid nirvana price.
Most of the plots were sold out in a month or so of launch. Just a few plots left unsold due to shape and location, but still worth it IMHO.
As usual, all east facing plots were sold out in the first few days.
Resale of plots were happening at minimum of Rs.3500/- per sq.ft.
The area highlighted in the map above is actually 20 acres. 10 acres of which is Sobha Canvas. The adjacent 10 acres may eventually be part of Sobha canvas, or even be another Sobha Lifestyle.
The handover of Sobha Canvas plots are expected in Dec 2012.
Looks like a lovely investment. Appreciation has already happened. Another 3 years and one can expect further appreciation. The fundamentals are in place for good growth.
The rate on IVC rd for a plot in decent gated layout is not more than 1/2 of what sobha has quoted and seems to have sold. Therefore people have paid a very high price which is highly surprising. After some time the prices are definitely bound to even out and investments in other layouts at current low and attractive prices wiil fetch higher returns than in Sobha Canvas. Paying such a high price just for a brand name is not wise.
it does not matter .. all east facing plots are sold out!