As per their press release on November 12th, Sobha Developers is set to launch their new residential apartment project called Sobha Aspirational Homes (in March 2015). This project is located in Balagere, near Varthur within close proximity Marathahalli, Outer Ring road, Varthur road, Sarjapura Road and Whitefield known as ‘Golden Quadrilateral’. The project is now called Sobha Rain Forest
Sobha known for its quality standards is planning to develop this apartment project with pre-cast technology using best in class imported machinery from Germany and Italy.
Sobha Dream Acres Options
Spread across 81 acres, this residential project is going to house 6000 families. Apartment size is expected to be in the range of 650 to 1200 square feet. Specially designed for nuclear family and professional, this project will offer 1 BHK and 2 BHK apartments
Project is expected to be competitively priced to meet consumer requirement.
Sobha Dream Acres Price
As of 3rd Feb 2015.
Rs. 4715/- per sft, Floor Rise Rs. 25/- per sft
Further details awaited.
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I have booked a 2BHK in Sobha Dream Acres. I was satisfied with the design and the total carpet area. This place is surrounded by the Outer Ring Road, Sarjapur and Whitefield.
how much did you pay per sq feet.. if you can share..
Add your voice on this complaint : Very narrow road between Panathur main road and Balagere issue –
http://j.mp/2f5ygqU
Visited this site few days back, The road to reach this project is so horrible that i wont invest in it even if it is sold @ 2000/sq feet. Think about thousands of cars which will be coming on road once this gets completed.it will be a great mess. I inquired the same with sales guys and they started giving weird and illogical answers. I am not sure if it is worth investing here.
Well said. I have been telling this from day one that it doesn’t make any sense to invest in this property. Sobha is looting people in connivance with the corrupt bbmp officials who gave the approval for this property without having any proper access roads. Not sure how educated IT people are getting fooled and duped. Completely agree that doesn’t make any sense even at 2000. People who are buying currently will be disposing off their properties much below their cost price later. I already see some people offering their properties at discount.
A pragmatic comments about this project.
Good things
1] The project provides a whole community for living and is close to IT corridor.
2] Metro is getting ready on OOR, of course it will take its own time.
3] The construction is fast so handover will be much early.
4] Sobha quality looks good.Lots of amenities.
Concerns
1] Approach road from OOR is narrow, there are talks of widening it but again it will take time.
2] It is currently remote no proper access.
Few Points to consider.
1] No place is heaven anywhere in B’lore, everywhere the problem of traffic is there.
I stay in B’lore those who own houses tell me how difficult it was to reach this place some 20 – 30 years back. There used to only mud and no roads and all but today they are selling the homes in crores.
Nobody can become crore pati over night.
2] Those who want to book today and get 500% returns tomorrow I suggest you better find such investment.
3] These days even freshers are getting salary around 15-20 laks easily so in next few years real estate becomes unaffordable for middle class, else you have to go further out of the city.
4] Definitly the area will improve no doubt about it but everything needs patience.
Good job by the marketing folks of Sobha again.
Forget 500%, you will be making -ve returns in this investment for sure. Only Sobha and banks will be making money. May be Sobha is assuming is freshers are getting 15-20 L and hence looting the people by inflating the property prices by 40-50%. Do you know who does the maximum hiring in Bangalore, It is infosys, Wipro, TCS, Accentures etc. Their hiring salaries start from 3.2 L.
Hmm, Metro is getting ready on ORR. May be in pipe dreams. What relation it has got with Sobha anyways which is 4 KMs from ORR with terrible access. Even village roads are better than the access roads to this property. Please don’t fool the customers with the wrong data. Reality is that this project is a disaster.
I do not understand a sadist persons like you coming here and commenting here without specifying any solution, your kind of guys only put problems and try to give very idealistic vision of places, instead of saying I am marketing guy tell me alternatives ? Is there a place where there are no problems at all ?
And also you suggest people not to buy anything in Blore at all then why do you come here?
For me this place is to get proper practical reviews and not some junk negative comments.
1] You said earlier they r not going to handover even after 4 years you were wrong.
2] You said nobody will book here again wrong more than 2k flats booked at least there r 500 in our fb owners group.
3] You say it will -ve returns lets wait and see after 5 years.
4] I think all of the views are your own personal beliefs without practical foundation.
I think these comments are not real. Actual scenario is different. Situation here is bad only. Still one can plan to buy only if planning to stay, not for investment.
Good marketing in the guise of a buyer, The cake was:
“hese days even freshers are getting salary around 15-20 laks easily”
Yes, made me rofl. Off topic, whenever I visit a project site, the sales man uses the word “luxurious” as a prefix before every things..like “luxurious amenities”,”luxurious apartment”, “luxurious facilities” ..I am like, what the hell? Can you stop using that word, there is nothing luxurious about these. Almost all builders use the same RCC structure, same specs, same amenities. What is luxurious about these? They are struggling to sell because of the glut in ready to move in properties, so use all dirty tactics.
am owner of Sobha Dreams Acres and about to take possession. I feel Sobha should not build such a crowded society on narrow road with couple of road blockers. Initially I thought Sobha may have good approach in govt so these small things can be shortout but I don’t think they are interested.
They made it affordable house but cost is around 60 lakhs with narrow corridor and insufficient lift capacity. Sorry to say,
Now I feel prestige lakeside habitate would have a better option.
I am also Booked a flat in Sobha Dream acres and about to take possession. any one have any idea for the proposal of making flyover Kadkusnahalli to Panathur road under railway line underpass.? and a new road which will be made by sobha upto croma megastore,when that will be complete.?
There is a secondary rajakaluve (storm water drain) passing through the property. Some wings are built in its buffer zone (as per new NGT rule). Although BBMP approved the plan, as experienced in the recent demolitions, there is a clear risk in future.
Which wing is near to the Raja kaluve? Can you provide more details please .. I am planning to buy a property there.
I am planning to sell my 2BHK in Sobha Dream Acres. I have some medical emergency. Please drop me an email
Hi Guys,
Is there any Google group for owners? I have booked an apartment in phase 2.
Thanks
Pawan
Hi Pavan,
This is Venkatesh and I am planning to book 1 unit in phase 2. I need some advice from you. Please respond to my email
Thanks
Venkat
Hi Venkatesh,
Vikas here, I had purchased one 1007 sq ft apartment. Now I am planning to shift to Mumbai, if you want to buy a flat there u can talk to me, u will get price lesser than what Sobha is offering.
Hi Vikas, I am interested in the 2 bhk, can I have your contact details please.
Hi Ranjith,
I want to sell my 2Bhk in phase1 due to critical medical emergency in my family. Please msg me on
Regards,
-Abhishek
Hi, Can we talk about phase 2. I am planning to book there. please contact me on
Plesae dont buy any apartment available in for 2018 possession in 1bhk or 2bhk(1000 sq feet) ,there is a government dumpyard avilable at the right side of your wing.if you see the view from above 5th floor then only u can clearly see tht official government dumpyard.you will not able to see it from the road.
Tell us the which wing you are talking about and from where you got this information. I think you are talking about the Karab (some old kaluve) land which is inside the apartment premises.
you can check this in google maps also, it’s visible. Dump yard is close to 1bhk wing.
Dumpyard is legal. Its approved . Sobha presurising to remove that but its legal so cant do anything .
it is at the right of the wing 9,10,11,12.(pity ppl bought it as pre lauch) they have not got chance to check these wings from heights to view this government dumpyard .Go and verify it directly if you have bought it.
Hi,
I have enquired it is not a Govt dumpyard.
It is pvt land which is given to the contract person who runs scrap business.
He will be asked to move out once the land owner sees the value in his land to build one more set of apts.
Hi Guys,
I would like to bring your notice that, I have bought a 2 BHK apartment in Sobha Dream Acres wing-8 on 31st May 2015. Recently I have visited the location and found that all 13 floors are completed and painting work is going on. I completely agree with early delivery but below are the concerns which u have to think of,
1. Dump yard – Is it really approved and Karnataka govt owned, which we cannot avoid?
2. Approach – Road is too narrow and reaching there would be hell. But, Sobha is constructing a road, which would connects to ORR near Chroma showroom, we have to wait and see how much it is helpful
3. Passage between the apartment is too narrow, you feel like your living in hostel
Hi Basavaraj,
I too have booked an apartment. Could you please share the picture of the Apartment Passage (Corridor).
I am worried looking at your compartment.
Is it suitable enough to shift the belongings into house? Please share.
Thanks
Sarma
Today I went to SDA project and saw phase-1 wings from inside. Corridor is 4.25 ft width. The corridor is sufficient to shift the goods to house.
Quality of construction is very good and I am not seeing any problem.
If corridor is little bit more wider then it would be good.
Thanks Basavaraj,
Could you upload some pictures you have taken and post the link ? It will be give good sense of reality for how it is for non residents like me.
Hi Can you please ping me as im booking here and need few details
Hi, I just saw your comment on a site. We bought a 2 bhk flat in Sobha dreams acres in 2015 Oct. But we have relocated to Dubai and we urgently need to sell that property. We are the owners and we can offer you a very attractive rate. Please email back or whatsapp on 9886333736 if interested. Regards, Neha
Hi,
Planning to buy a 2bhk of 1000 sq ft. But heard that possession date is in 2020 June. But marketting guys are saying that it will be delivered a year before the agreement date as they have precast technology n work is in full swing. Please advise that is it true or possible that they deliver early or did that happen in earlier project of Sobha where they used precast.
Thank you,
Amit
Hi Amit,
First thing, Please ask them what is the date written (including Grace period) in the agreement. Thats all. they will deliver on that date.
For many people Who already paid 30% money some one year back they have not even started the digging, they are saying they will deliver early but not giving it in written on their letter head also, not even in mail…just by word they are saying.
If you ask me, is it possible for them to handover 4 months before the date written in agreement along with grace period, my answer is “NO”
for most people they said …April ..and in the agreement its Nov and along with grace it is next April….
First, think of below items before buying flat
1) Handover date: never believe in their marketing people. there will be many discrepancies and surprises from the time you go for site visit to when you receive agreement. handover date will be delayed at least one and half years on agreement. other lake bed issues, false inputs on road widening, etc will make you lose your sleep for years to come by.
2) Construction quality – maven tech to build faster, there are some limitations you cant plant nails in the walls.
3) No kitchen slab – they dont give you kitchen slab. 20000rs additional waste of money. builder is making huge profit unnoticed by buyers.
4) Investing valuable money locked for 5-6 long years exhausting your pre-EMIs, EMIs and not even properly eligible for IT benefits – you wont be able to claim IT benefits for these long under construction projects losing valuable time and money.
5) Road width so poor and will become mess: Around 20000 cars will be added to this narrow congested route in the next 3-4 years that will choke it.
6) Amount will be taken early by builder: builder will suck almost total money within 2-3 years, keeping 2 years for just the landscaping works and constructing other amenities.
7) 1% TDS is something additional you will pay to IT dept for these expensive flats. this is over and above the flat cost.
Guys,
Not sure why people are still talking about investing in this project. Approach to this project is terrible, either way, from Panathur or from Varathur. When this project is completed. It will take hours to reach to this project from ORR. There are 66000 ready to move apartments available in Bangalore. Sales are hardly moving. Point is that you can buy ready to move without any risk of non-completion in time. People who invested in the apartments thinking that they can make good returns are selling at loss, called as distress sale. Sobha is charging too much for this project given the location and the timelines. They shouldn’t be charging more that 3000 per sq feet for this property. When this project gets completed, there will be hundreds of apartments available at discounted prices as people who would have got stuck, would try to come out. From the last 3-4 years, there is hardly any appreciation in the real estate and rental yields are 2-3%. Doesn’t make any sense to buy any property, forget Sobha..This area doesn’t have cauvery connection and water tables are at the depth of 1200 feet. One should avoid buying the property in Bangalore. Rentals are the best bet given the IT jobs safety
I recently visited Shobha Dream Acres, Location is near to ORR. I went via Panathur road (kadubeesanahalli, Outer Ring Road). Although, it was weekend & odd hours, still it took me 25-30 minute to cross railway bridge. In near future, what is the prospect of this locality? Is there any scope for road widening? I heard, Government is building a flyover which starts from Kadubeesanahali & drop after railway crossing, is it true?
Hi,
i am planning to buy 2bhk in sobha dream acres phase 2,can some body help me about my queries.
1.whats the current ongoing price.
2.The sales team informed as it will be finishing on or before jun 2018.if some body made an agreement on this project please confirm its mentioned in the agreement
Regards
sajeev
Project is scheduled to get handed over by 2019 end with a grace period of 3-6 months depending on the tower chosen. Also plz chk Prestige Lakeside Habitat before finalizing. Prices at Sobha more or less are the same. There is a standard discount which they offer and no matter how much you try its going to be the same. The smart decision you will have to do is choose the right unit with a good view.
This project willl not be ready before 2021 and that is what is being mentioned in the agreement including grace period. Grace period is another bull shit from these builders to delay the project. Not sure why people are interested to buy pre launch properties when thousands of ready to move in apartments are available and there is no risk of builder not completing in time.
Sajeev,
I booked by end March 2016 a unit in Phase 2. Price was (Wing 43, 44,45) Rs 5039/- (including the floor rise) .
As per S&C , handover is only by Jun 2020. With precast technology they expect it to be delivered earlier.
But funny part is when asked for tentative payment timeline (for each stage) they cannot give it.
Regards
Venki
Sorry read the price as Rs. 5093 /- psf
HI Venki,
May I please know which floor you have booked and the flat number. I have booked in B43
What is the overall status on the project for investment and self-use?
Thanks
Sarma
Hi Sarma,
I have booked in Floor 8, Wing 45.
It’s for investment.
Construction for Wing 45 will only start in around 3-4 month, so not a brick moved so far 🙂
Hi Venki,
I have booked in the B43-8th floor @ Rs 5143/- in May 2016.
May I please know the price you have booked for and when?
Also, any idea on the graveyard in that area?
Thanks
Sarma
Hi Venki,
I booked a flat in SDA .. in Sep 2016.. send a mail to my personal email to discuss more..
Please contact me on . we want to sell our 2bhk urgently due to relocation to a different country. Very attractive rates.
May be marketing guys of Sobha are building. They can build any bridge anywhere in the air. It is simply not possible given the topography of this area. For the current railway crossings at Munekolal and Chinapalahalli, there is no plan when traffic has increased multifold there. In the peak traffic, this area is grid locked either way, Panathur or varathur. Not sure how the hell approval was given for this project (I forgot about something called bribe). Imagine 10000-15000 more cars added to these narrow roads, only god can help. it is just not Sobha, full land mafia is at work in this area. Hundred other apartments are coming up there.
I completely agree. Forget cars, people cannot walk also.
Everyone has to note that Shoba is using modular pillar and slabs, which is actually not durable. they buld pillars and slabs in other places they just bring and assemble, consider a scenario of earth quake, build will collapse like card falling down. Shoba is betting on some thing which is not yet proved in India, Consider it as bug jig saw puzzle, where each piece has to go in its place a small mistake will bring down everything. Considering risk involed in it, I dont feel safe investing in Shoba dream series.
Also, a similar project done with the pre cast technology, near Jalahalli ( not From Sobha) has all the walls/joints cracking and peeling off.Its definitely fast to build, cheaper in terms of affordability.
I have booked a 2BHK in Sobha Dream Acres. I am regretting my decision now…..I know there will be a problem to reach ORR in future….but still traffic is a problem in most parts of Bangalore….I am ok with the design and the total carpet area…..But the issue is the deviation in the possession dates communicated by Sales and that what is mentioned in the agreement….I have booked in WIng 5 and they said it would be ready by late 2019 and that since already construction is going on in full swing using pre cast hence it will be ready before deadline….Now I was fooled by their brand name and show off and didn’t ask for the possession date in writing or for any supporting doc. Now that I have booked and then received the Agreement copy to my surprise I am seeing that the date is mentioned as June 2020 and with grace it becomes Jan 2021. I am just thinking now how to proceed from here since they are saying the booking amount is non refundable….My perception has now changed…..people are spending more money because of the Sobha brand name and they should at least have this much transparency….they should communicate the right dates only….and if the possession dates are in 2020 then I guess even the 60+ lacs for 1000 sq ft 2bhk is not justified!!
The market is very sluggish now. Small builders are doing heavy price cuts, and big builders are pushing the completion dates by a year or two . Prices will remain stagnant for some more time .
Update on the previous comment after 3 months. I have been in close touch with Sobha Sales team and CRM and with other owners of Sobha and would like to share my experience so far.
1 ) Based on the construction speed which is very fast (construction completion within 6 months for a wing, thanks to Pre cast) I think that I would be receiving my flat before the communicated dates if this is continued. Currently few wings have already completed and they started construction for the same in Jan end.
2) Sobha will be providing 5 years warranty on the flats since now the Real estate bill has also come.
3) Water connection – there are several options now available – borewell, cauvery river water connection,rain water harvesting and water treatment plant. So I think it should not be a problem by the time I get handover.
4) The roads are being repaired and a new road is being constructed to Croma from the Railway underpass.
5) Also the construction work seems very neat. 🙂
6) I got flexible payment option as well and getting quite some time before availing loan. Some offers or others are always in store. I and my friend have booked through referral and have got referral points too.
No wonder phase 1 is almost all sold out.
The progress is good so far for other wings and on the roads near the site. Hence I’m hopeful to get the handover as per the communicated dates and may be even early if the same pace is maintained for other wings as well.Hope it gets better in the coming months. And one more thing for other builders I have heard the TDS payment etc needs to be done by the buyer physically in the office for each payment which is a big pain. Whereas here it has been hassle free so far 🙂 I will post updates again in the coming months.
dude, warranty for flats?? did you get any exchange offer also from marketing execs? RERA is practically not implementable. state govt does not have the guts to enforce this bill, it will be bogged down by real estate mafias. if you do proper research water in bangalore has reached to 1200ft or deeper levels in most areas, borewells are not going to be easy. your flat may be ready earlier, possibly 2-3 months before the timeline written in your agreement. but certainly not the date claimed by marketing people. TDS and flexi pay options are good. you seem to have got many tall promises from marketers. let them give written commitment for you to believe or just ignore their claims.
Dear Sobha Marketing Guy,
Why you are fooling the people to part with their hard earned money when you know this project doesn’t make any sense. This property doesn’t deserve either for investment purposes or for staying. Real estate investment saga is over. Now you either lose money or not make any money as people are being forced to pay more than the intrinsic value of the property. For staying doesn’t make any sense as property is priced easily 30-40% given the poor location and accessibility. There are 84000 unsold apartments in Bangalore, ready to move in, which are being sold at very competitive rates, why the hell someone will invest in overly priced, poorly located and poorly designed property.
I booked a 1BHK in sobha dream acres below I am very unhappy due to following points which applicable for all 1BHK 2BHK all wings:
1) Cooridoor Space is 4.1 ft they keep saying now also it is 4.5 and very good space, you can imagine if 8 apartments in 2BHK and 20 apartments in 1BHK with door facing opposite to each other how narrow it is.
2) No Kitchen Slab, Sink will be provided by them.
3) Floor Plan for 2BHk is very bad.
Construction quality is good but I believe above points are enough to say complete No to this project.Anyway it your decision guys what i felt is posted here.
Buyers, I am also an owner, please book flat only if you are ok with above 3 issues.
I recently heard that they are telling customers that they are giving less space outside (corridor 4.2 ft) so that they can give you more space inside, so I took my paper and pen and found that they are giving less than 69% carpet area.. most of the people do not do the calculation and accept marketing team words. reality is they are giving less corridor to make more flats, even 100 EXTRA flats will give them profit. govt put restriction on FAR(FLOOR AREA RATIO), Govt say in this much land you can do max this much construction area…whether that area is used for corridor or for some more extra flats is up to builder.
Below is the calculation.(this calculation is for 1205.47 sqft flat)
1205.47 sqft is equal to 111991827.6 sqmm. (since Sobha specify area in MM hence I am doing calculation in MM)
kitchen= 7650000 sqmm
balcony= 8362800 sqmm
living= 25398000 sqmm
Both Toliet= 7200000 sqmm
kids Bedroom = 10404000 sqmm
master Bedroom = 14314000 sqmm
passage (1050×3600) = 3780000 sqmm
Total is 77108800 sqmm
1205.47 sqft is equal to 111991827.6 sqmm and 69% of it is 77274361.044 … means they are not giving even 69% carpet area and saying that we are giving less space outside so that we can give more space inside.
May be 1205.47 sqft mentioned above is the super built up area and not carpet area. Do check with Sobha once. I have invested in Sobha and never had any issues like this with them. Hope this clears your confusion.. Thank you.
You made me laugh. Its superbuildup area. And the carpet area is less than 68% …because of all this issue only govt is saying buildERS to sell based on carpet area.
I am Sobha dream acre 1bhk owner. Even i faced lot of customer care issues.
This project is close to the place where a leopards is spotted last week , and 2 more were spotted yesterday
Floor plan is bad, now is days we do not have sufficient space in 1200SQFT house itself, but Sobha people are making a passage inside the house.. earlier the kitchen was facing toilet and now when they are making a different entrance for kitchen we can see a passage inside house.
Corridor width outside the house is 4 feet.
Roads leading to the project is in bad shape, lot of traffic
Be careful on what sales guy commit on possession date. if they are saying possession will be in three year then in agreement it will be 4 years…and when you ask them they will say it will get completed sir…in agreement we simply write to be on safe hand.
Now a days they started all cheap marketing…Iphone if you book a flat. etc.
There are people who invested in this project and even digging is not started even after paying 30% of the amount.
People who booked in Arpril 2015 …do not see any digging work also in Feb 2016.
Corridor is not 4 feet, its 4.2 feet wide…. I think this project will also die same way Sobha city died…. Sobha City was big success in initial days of booking….but as the time passed, people who booked there got to know the reality.
Hello friend,
I don’t worry too much about your concerns—the kitchen facing toilet and seeing a passage inside the house. I’m not really good at visualizing the rooms from drawings. But I’ve many friends owning Sobha homes in various properties. Before deciding to invest here I had consulted many of them and visited some of their houses. I found them very well designed. Roads to the project: please don’t expect it to be in perfect shape when the completion is at least three years ahead. Traffic, I agree, is bad. But that’s part of being Bangalore.
iPhone and other goodies… come on yar, that’s something any marketing offers bundle up with. And I love it.
Mr Mohan Das, its up to you if you worry about the concerns or not, I just posted my views to give people a 360 view about Sobha… You go to anyone and ask about Sobha, everyone will say good, but hear to their words and see if all that apply to Sobha project in Panathur. Bro, please don’t put your hard money only dreaming about something.
we think Sobha will do best, but look at it they are giving 4.2feet corridor …7000 families will stay in this project but this project have 4.2 feet corridor, do you want to get that after paying 60 to 70 Lakh?
like i said they are building an IT slum here. dont go by brand name, there are many builders out there in market now that give homes excellent value for money.
KCB,
Please dont dare say IT-SLUM, In few areas, Govt has built flats for slum people they have 20 feet space in beetween towers, also it is fully venitalted from all directions. Whereas you may check with every one who booked a flat in Shoba, if they have ventialation option, it is precast, so no can do modification even if they are ready to spend, 4.3 feet of space in varanda is really very less, it is box living, where each box is close to other box.
I have never faced any problem, with the dream acre project.
Hi Vish
even I have purchased 1bhk in wing 12. I have made 100 per payment towards flat cost +4.5 lakhs towards Car parking. I have no idea when wud be the handover though the sales guys had told me it wud be in March 17. I will be more than happy if they can make it for March 18 atlest. I am still not informed about the car space area. Please reply back incase you have more info on this unit.
Hi Guys,
I am the owner of one of the 2BHK 1205sqr/ft flat in Sobha Dream acres.
Please try to negate the rumors it’s true that the project is going to be a good project inters of the living. It’s going to be built on pre cast technology and by 2018-19 definitely roads going to be widened as it’s in Bangalore development plan. Price would may be little high but I believe in quality. I feel it’s going to become good residential area in coming time’s as I can see many development in that area. We should concentrate more on how good can we make our dream house a best house to live in. No one knows whats going to happen after 3 yrs and I feel it is always going to be good.
Thanks. I am interested buyer, can you please tell me about the graveyard which is near by? Your honest feedback will help me investing in this property.
Even I want the clarification on the same, their is none who defends that statement. Probably because the Hebbal project of Sobha also have their apartment facing Electric Cremation.
I have purchased a flat in Sobha Rain Forest. But, I must say that the post sales service disgusting. Once you have done the initial 10% payment, sales guy won’t even respond to you for any kind of doubt clarification. I had few questions pertaining to the sales agreement. So I sent a mail to the sales guy, called him via mobile, contacted on whatsapp and he simply kept ignoring me. Finally when I managed to connect with him, I got following replies:
1. We gave you sales agreement. How do you need email clarification?
My response: Just because I got the sales agreement, doesn’t mean all the doubts are clarified.
2. We also need holidays. We don’t work on Saturday and Sunday.
My response: I sent mail on Thursday and today in Wednesday. Are 5 working days not enough to reply to a mail?
3. I was busy in party.
My response: If the sales rep is busy in party or personal work, then redirect us to someone who is not partying.
4. We are not running away. Your queries will be answered.
My response: Yes. I know that you are not running away. But, after 10% of payment we can’t also run away. Just because we are bound to make the payment to avoid extra charge, you are taking advantage of customers.
This is definitely a pity that guys from Sobha have decided to ignore customer queries. While explaining about the project I was told about the Sobha brand name. Is this kind of unprofessional behavior also a part of the brand Sobha?
I never had any issues with Sobha. I’m pretty surprised to see this. Anyway, I wish your problem is solved soon.
Looking at the reviews, I can see lot of guys from Sobha are really active here to prove something.This is really not the case in the past.Thank god for the current situation of RE and cheers for buyers
Hi – In some of the comments section, I see few people mentioning about verifying project documents before purchasing. What are some documents that I should ask from the builder for legal verification of the project?
I booked but did get a chance to verify the documents. Did anyone verify Sobha Dream Acres project documents? When i checked with Sobha employees they said since Sobha is a known name so they wont take risk with documents and create issues.
Please join the Sobha dream series flat owners group and also the whatsapp group through it.. Lot of discussions happening in these groups related to all topics, above-mentioned topic also.Let us all help each other… Good luck…
Please join Sobha dream series flat owners Facebook group and whatsapp groups through it
I have booked one flat on last month.Now I want to cancel that flat due to some personal reasons. Has any body cancel the flat please let me know the process.
@CheatedCustomers
>>>>>>>>>Now I want to cancel that flat due to some personal reasons.
From your “user name”, it doesn’t look like a Persona Reason
Would you like to share your story, @CheatedCustomers
It will be helpful for others. Thanks.
You should get the entire money back from sobha. If they do not please raise the issue with CREDAI and approach the consumer court. The one sided agreements are not legally binding though we could have signed the agreement.
Post this in all social media websites and spread the message of this
Hi.
2months ago even i had booked a flat in sobha dream acres. Guys beware of the sales executives and bank people who are just name same bank employees. Infact they doesnt even know the loan process abd eligibility critirea. They just deceive you by telling yu are eligible for the loan amouny by the fear of these sobha sales people. And custoners will easily swipe their hard earned money . Later we got to know that we are not eligible for the huge loan amount and when we asked to refund the money they told within a weeks time il get my booking amount. But its more than2 months tht i havent recieved a single rupee also frm sobha. This is really ridicoulous and big time cheating done to us. Any one can let me know how can i proceed to gry bk my hard earned money.
thanks
Hi ,
May i know whether you got your money back ? Have you filled any case against them …
My friend had booked an apartment and it was me and him who visited their sample apartment before the booking. The bank officials & sales people were really friendly and they had mentioned accurate details for the loan process. We never had any issues as such.
Hi, Can you personal message me to to discuss few more details.. thanks in advance..
How much is the cancelation deduction? No personal details reqired . I just want to know how much they will deduct . I have paid 3.5 Lac last month end and they are asking another 3 Lac in 3 days. Need to make decision before that. Please help
Hi I want to know the procedure of cancellation..it would be really great if you could help out
Hi Sanil,
Please share the contact details to
Regards
Suresh
What is the whatsapp group number?
Hey I want to join whatsapp group – Sobha Dream Series. Can any one help me with the info?
Shobha Dream series :
I am writing my personal opinion on this project :
The Project : Plan , Layout and the size of the project is really good. Inside the project I believe would be a great place to live.
Brand : Shobha stands for itself. They are internationally reputed with the best inhouse technology.
Location : The approach roads are way too bad for a project of this quantum.
Grave yard : Its just a psychological effect, builders buy it because it is cheap.
Price : I feel it on a slightly higher side. Avg locality price : Rs 2750 psqft – Rs 3250 Psqft for apartment
Land price Rs 2500 -3000 Psqft .
Shobha fair price could have been around Rs 4000 Psqft – 4250 Psqft .
( What to do , shobha decides the selling price, not me !)
My Calculation : 1000Sqft apartment ( 1000 (Built up area)* 2200( Construction cost) + 350 (UDS)* 3500( land Price))
Const cost : 3425000 + 200000 ( Car park) + 500000 ( BWSSB, BESCOM + Amenities etc) = 4125000
Taxes & Reg : 500000 : All Inclusive : 4625000 !!!
( I don’t mean to offend anybody or any other opinion . Its my personal evaluation )
Please give your feedbacks :
Regards
Joshwa
Sales Tax and service tax extra for under construction apartments.
Hi Joshwa – Is the apartment constructed on a graveyard or is it near by? if near by, can you tell me how far it is? Thanks in advance.
All
Today I just booked the 1012 SQFT 2BHK at rate of Rs.5021 for 6th Floor, front block near the road. I later thought the price was high. But i saw at the rate people were madly booking there. They were announcing like railway station the name of person who booked. In 2 hrs i was there, 4 people booked it. I found this forum after booking. I hope i am not doing mistake by booking here.
Yes, the project is too big for the 40ft road. They said, it will be 6ft. But i see trouble and bottleneck at both the ends.. near OOR and Varthur village. Its too massive for such a single road.
https://groups.google.com/forum/m/?utm_medium=email&utm_source=footer#!forum/sobha_dream_acres
Pls join this group and share your view and development status who booked flat in this group.
Thanks
There are many properties that promise a whole lot of things in Bangalore, but very few hold on to their promises. One of them is Sobha Limited. Sobha is known for being the only developer with backward integration, this makes all their projects great on quality and technology.Their apartments in Bangalore are of superior quality and has excellent infrastructures and provides a comfortable living spaces. The prices of their properties are generally exorbitant but looking forward to Sobha Dream Acres it claims to be affordable by mid class people. Well planned project situated in prime location. Definitely this project is going to be so popular in coming 3 years.
Sourabh, this was my thinking when i booked a flat in Sobha CIty( Sobha’s largest/super luxury project in Bangalore).
Now:
1) Sobha is now getting ready to hand over the flats without power supply from BESCOM
2) they will run it with generator power supply for a year or more(as per their CRM) and customers should pay extra for the power until they are able to get a permanent power-supply
3) And they have no way of measuring you power consumption. so you pay even if you dont use!!.
I bought think flat for own use, but want to sell now and not able to find any buyer. search the net or facebook. you will get other interesting fact about sobha esp sobha city Bangalore.
This is how they treat premium projects, so you can imagine how they will treat this non-premeuim projects which is marketed through their channel partners.
This project is not worth investing from any prespectives –
1. Rate – very high
2. Location – is useless
I am not sure how sobha will able to sale this project at this price. However, in India, people are fooled by names
Cheers
It’ almost all sold Mr. Intelligent.
Shocking. Almost all sold????
Almost all means, more than 90% sold out.
Tell us how many are left and what’s the total inventory.
So there won’t be any Advertisements from Shobha about this project!!!
Why spend money for the 40 or 50 flats.
Phase 1 – 850+ / 1000.
I booked 1210 SQFT a month back and my friend wanted in same unit but was fool in a week’ s time. They will have to rely on ads & other sources considering to sell 6500 flats.
This reminds me a story from Mahabharata, where Sri Krishna plays a trick to kill Dronacharya. “Ashwathama Hathah….. kunjarah”.
Yes,, You are correct..
Price is too high for that area… remaining builders in the same area are selling for 3000 and actual land cost is 2300 per sft..
Just for the name sake it is 4700+ this is too much
sreeni
Dear All,
Sobha has constructed about 70 million sq ft in 22 cities over the last 20 years. And in these 20 years, Sobha has become the icon of class and trust. The brand name elicits trust in home owners everywhere due to its commitment to high quality and prompt delivery. Sobha adheres to the never-compromise policy when it comes to creating and delivering the best.
Keeping up this legacy of quality and trust, we bring you our biggest-ever project Sobha Dream Acres that aims to bring you closer to the dream of owning a luxury home.
Sobha Dream Acres, located at Balagere, Bangalore East, is not just a home – it’s a Sobha home built with specialised technology, meticulous planning and backward integration. Sobha will not and does not compromise on quality to bring down the prices. It believes in keeping the balance in giving you the best at the best price. Sobha brings you the best value for your money through the fusion of the tenets quality, legacy and technology.
Dream Acres is located in the Golden Quadrilateral of Bangalore, which includes Outer Ring Road, Sarjapur and Whitefield. Since 2000, this area has become the centre of the IT/ITES business and the real estate prices have been shooting up in this area. The attractive location makes the place a great investment.
For more information, please visit http://www.sobhadreamseries.com/ or call 080-46607373
Regards,
Mohan Das
First, plz donot market here.
second, as per shobha’s ads, all units are sold out. Everyone knows that is a fake demand you are trying to create and failing miserably, not sure what you trying to prove.
Dear Sobha Developers,
There are already million houses in inventory and you have come up huge project with no differentiation. The only way you can sell the apartments is by offering less price..No one knows what future holds. You cannot sell the apartment by talking about quality alone.
The price that you charge is exorbitant. If you can share the price for carpet area and super built up area separately..At least people will come to know about the price they are paying to own a home.No one wanted to pay future price of the project now and live in a dream world..So please publish prices separately for carpet and super builtup area.
Some facts from Facebook closed group of owners:
Sobha Dream Acres: 83 member
Prestige Lakeside Habitat: 236 members
These are just examples. If you Search in facebook some of big launches from tier-1 developers since last year, u will see terrible picture of what builder is claiming to be sold and what is actually sold in these projects.
I am also part of RoW by Divyasree which has 625 odd members while builder claiming to have sold~950 units. So even if ratio 60:40, ie, buyer who become member of group on Facebook, number of buyers in recent luanch are bleak. Take this as tips to gauge traction for new launches..
Mirinda, just to add, for each flat that was sold off, at least 2 people join the group on FB, say wife and husband who booked that flat. So, if you see 83 members in Shobha dream acres, that means they probably sold ~30-40 flats, And also some of the members in those groups are from marketing team of builder.
Hi Sreeni,
can you please tell me which builder is giving for 3000. I am genuinely interested. Thanks
@Anil – if it is sold then please do not advertise in any of the websites..All the websites are now showing aspirational homes ad for sale…something fishy ?
Its going to take minimum 5 years for all the inventory to go in bangalore
Be informed , I meant only phase 1 , and I m nt advertising m nt going to get anything out of that, but was free this weekend and thought to help people like me being manipulated by agents like u.
@Anil. You say it is completely sold out and i still get call for almost every weekend for phase 1 site visit. Isn’t something fishy?
AK – There will always be few units left out which no one wants.
Completely agree with BR.. This project is definitely not value for money
I also bought a 2 BHK apartment in this project. And irrespective of your opinions… i can bet that it will be big hit in the market. Lets see after 3 Yrs … who wins. The Critics or the buyers.
Historically, it seems people have always gained while investing in Tier 1 builders like Brigade, Prestige, Sobha…Personally, I am yet to hear any case where prices of properties for these builders have decreased…there might be cases, where it has not appreciated as per expectations, but not decreased from original value. I guess that is the reason why people continue to invest in such properties…In this case also, I feel the prices would appreciate…
flat is no more for investment its for your own living.
I agree Bikram
In last 3-4 years there is hardly any appreciation and rental yields are 3-4%. Your bank FD will give more than 7-8% and money is safe. Here there is a chance of prices correcting by 25%. I am sure once this project is ready, there will be no way to reach or get out of this place given that approach roads are horrible to say the least. People who are buying now, will be selling at distressed prices. Already seeing number of resales. Bangalore is sitting on 1 L unsold apartments. Price is driven by the supply demand gap and day by day Bangalore is becoming more and more unliveable. Not many people would like to stay once they are done with their jobs.
It is highly recommendable project. Myself have invested in this project brilliant project by Sobha Dream Series. And there are lot of advantages few are as follows 1) Faster possession due to Pre cast construction technology which is unique . 2) Sports and recreational facilities . 3) Project has been priced very competitively 4) Sobha is a very well known brand 5) Location and very good connectivity to hospitals, schools, IT Parks and 4 major roads. Only disadvantage is that the last few miles of the road is narrow which is going to be wider soon as i have heard that tender has been already approved by Govt, as there are other projects also coming up in the same area,but it would take time, Usually Govt start the work when they witness more traffic , Once the project is near to completion. If anyone is looking to buy an apartment here don’t keep any second thoughts. Project is equally good for Self living and Investment. Check their official website for any information: http://www.sobhadreamseries.com
Why are you marketing the project posing as a buyer?? You can reveal your identity as a Sobha agent. The project is overpriced, mediocre quality and location is bad. And all the claims about the project being sold out are marketing tactics, I am sure after 2 years, you will see the same comments that only last few flats left. I feel hardly around 30% of the apartments would have been booked.
Rakesh probably you are one amongst those who is working in Sales for small builders. You cannot compare Sobha Builders with them. Sobha is very well known brand and provides Quality work. I have invested in 1 BHK in this apartment am genuinely happy with this project so there is nothing wrong in recommending to others who are interested in this project. There are lot of people like you who have commented here using thier dirty marketing tactics and you are paid for it. And for your kind information only the first phase is launched and it almost sold and that is the truth so we have to accept it. At this pace I am sure after 2 years first phase would be sold out fully, and there would be good demand for 2nd phase too.
I also invested in 1 bhk in this project phase1 and my apartment is in wing 12..I know sobha is a brand builder for that bliendly I booked here..but seriously I am not happy with this project..it look like hostel …
Good job by the Marketing folks of Sobha. Worst project for the investment. Need helicopter to access this project. No roads to reach there.
Hi Guys,
This project did not get construction approval yet. Project is not approved…
The project has got BDA approvals .
Punith yes your right, it is BDA approved.
Did u check the CC
Project have all the approvals in place now. Kindly update the knowledge before commenting anything anyhow buddy.
Have a question. It has to be 60 feet minimum to get approvals for a multi stored buildings. The current road is 40 feet only. how it is possible..?
Hi Guys,
I have booked an 2BHK apartment in Phase 2, we are genuinely happy with this project. For the first time Sobha has come up in catering to budget housing requirements, the floor plans and units planned are according to the affordable segment. Also, they have already sold 500 + units in the project which tells you about the demand. I feel it is a good project to go for investment as well as living perspective.Narrow roads is the only concern we had initially, but everything seem to be fine, happy to hear that it is expected to be 60 feet wide; and the tender is already been released and the work is under process.
http://india.forbes.com/article/special/sobha-cuts-size-of-homes-to-boost-sales-offers-flats-at-rs-35-lakh/39981/1
Very good article in forbes. Guys ignore all negative reviews from people like Harish and Manjushree they seem to doing the same in most of the other projects too. I guess that is what they are paid for.
In a move to bolster its sluggish sales, Sobha Ltd, one of India’s largest real estate companies, is set to launch smaller homes starting at Rs 35 lakh in Bangalore. Sobha will launch an 81-acre township project in Balagere, Bangalore, by April-end.
“We are reducing the apartment size and using pre-cast technology to bring down the cost of the apartment,” said JC Sharma, vice chairman and managing director, Sobha. “It is the only way we can make mid-income homes because land and construction cost have gone up so much that there is little room to reduce home prices.”
The Bangalore-based company is likely to miss its sales guidance of 4 million sq ft for FY15, ending the year with 3.5 million sq ft.
Sobha has already built a pre-cast plant in Jigani Industrial Area near the new township project. “Using pre-cast technology will bring down construction cost by 15 percent and we expect construction time to reduce as well. However, we don’t know by how much at this point,” said Sharma. Developers typically use pre-cast technology to make ready-made components such as wall panels, beams, columns, etc that can be directly used in the construction of the project.
The new project will have 10 mn sq ft of developable area and 8 mn sq ft of saleable area. It will have 7,000 apartments starting from 650 sq ft to 1,200 sq ft with prices ranging from Rs 35 lakh to Rs 70 lakh. The township will have all the amenities typically found in a Sobha property. An average Sobha home is 1,600 sq ft in size and its estimated cost is Rs 70 lakh. “This is the first time we are attempting homes in this size and price range. We are looking at this as a game-changer for Sobha,” Sharma told Forbes India.
The southern real-estate major is looking to develop more such mid-income projects. “There will be many more of such projects. It will become a new growth avenue for us,” said Sharma. “We are developing our first such project in Bangalore because here we have access to large land parcels. Maybe, in a year’s time, other cities will be explored as well.”
Sobha expects sales to pick up in FY16 with the launch of this project. Sharma said the slow sales in Gurgaon impacted the company’s overall sales momentum. “National Capital Region is our second-largest market, so when it did not do well, it did impact our sales,” he said. “The Bangalore market has been holding up so far, so it gives us confidence that we will do well in FY16.”
In 2011, Sobha, in partnership with Chintels Group and QVC Realty Co, launched International City, a 150-acre exclusive villa community right next to the Dwarka Expressway in sectors 106, 108 and 109 of Gurgaon. The company has done more than Rs 1,000 crore worth of sales in this project. “It is a joint development project. We have a 55-56 percent interest in it. We can’t sell our partner’s share. I would say about one-third of the project is sold while two-thirds is pending,” said Sharma. The company hopes to launch another project on the Dwarka Expressway soon.
Sobha’s stock price closed at Rs 400 on the Bombay Stock Exchange on April 7.
“An average Sobha home is 1,600 sq ft in size and its estimated cost is Rs 70 lakh”. Going by this calculation, 650 sqft should start from 28 lacs onwards. Why does it start from 35 lacs i.e. 25% more than an average Sobha home. It just means Sobha is finding new ways to fool buyers. Reduce apartment size, increase price by 25% and reduce the construction quality. However, there would be many blind takers for the Sobha brand and Sobha knows that.
Guys check this out, Manjushree seems to be expert in this sector. So incase anyone need any help in buying a property in Bangalore, Hope we can take a help from you. Please provide your contact details too.
http://harshasagar.com/2012/09/09/prestige-misty-waters-location-price-review-public-opinion-more/comment-page-2/#comment-36261
Hahaha….agree with you Rajeev . I hope Manjushree aka Harish (the smart investor 🙂 ) should be featured on property shows as well .
Claiming to be an expert and being one are very different my friend….experts spend significant time and effort to gain knowledge n experience and would provide balance, factual and real data based assessment to help people make decisions…..writing long stories based on half baked info n stuff on public domain n using notions to justify it doesn’t make anyone expert….its good timepass n entertainment though ????
I agree @ buyer
Harish & Manjushree seems to be both are in same team. So According to you guys which seems to be best apartments in Bangalore which has no negatives? Could you please suggest some, hope you guys have researched well on all the projects.
You need to wait for them to launch their own project ????
Most probably it will be on a flash sale on flipkart etc …..for now be happy with their expert opinion!! It doesn’t cost anything …
Even a 200 feet road infront the project wont suffice the requirement, because it will connect to the smaller main road, which also had Prestige Lake Side Habitat 100 acre township. God Bless the mess.
https://facebook.com/groups/184059341774122
https://facebook.com/groups/184059341774122?view=permalink&id=386007741579280
The links unless someone comes up and claims that i am spreading rumors about sobha being necrophiliac
Both these links talk about Sobha City i bought it in Sobha Dream Acres. You are mixing up my dear friend. Thank you and please dont advice anyone further
Dear Harish,
Please dont buy if you cant afford but dont spread rumors without knowing it scientifically…..if any buyers on this please feel free as even i bought it for my son and trust me i had no problem buying it as i know i will get what i have been promised.
this article is produced by renown forbes magazine and proven by WHO… I trust them more than bloody Harish.
http://www.forbes.com/sites/stevensalzberg/2014/09/01/do-high-voltage-power-lines-cause-cancer/
Do High Voltage Power Lines Cause Cancer?
Comment Now Follow Comments
This could be a very short article. I could just write “no, power lines don’t cause cancer”—but that wouldn’t explain why so many people believe otherwise. And it won’t help people who are thinking about buying a home that has power lines nearby. So let’s look at this question a bit more closely.
For the past century or more, humans have been surrounding ourselves with an ever-growing array of electrical devices. All of these devices create electrical or magnetic fields, often called EMFs. There’s no doubt that our exposure to EMFs has increased dramatically in modern times. Not surprisingly, many people have worried that this is a bad thing. The belief is so pervasive that NIH has at least two websites devoted to this topic, one by NIEHS and one by NCI, as does the Medical College of Wisconsin. Realtors have created webpages to inform home buyers about how power lines might affect the value of their home. Not surprisingly, you can easily find companies on the Internet that will sell you devices (such as SafeSpace and EMFshield) to protect your body from the supposed perils of EMF.
Power lines in Suffolk England
Power lines in Suffolk England (Photo credit: Wikipedia)
People worry especially about high-voltage power lines, probably because they are carried by very large, highly visible structures that look vaguely threatening. This fear seems to have started with a 1979 study in which Nancy Wertheimer and Ed Leeper reported a correlation between high-voltage power lines and childhood leukemia in the area around Denver, Colorado. Wertheimer’s results spurred numerous studies in the years since. A review of the evidence in 1995 pointed out that
“There is no known mechanism by which magnetic fields of the type generated by high voltage power lines can play a role in cancer development. Nevertheless, epidemiologic research has rather consistently found associations between residential magnetic field exposure and cancer.”
Scientifically, the question at the time was, were these associations real or coincidental? If they were real, what’s the mechanism? Clearly, further studies were needed. Well, twenty years later, the data are in: power lines do not cause cancer.
In 2002, the WHO commissioned a huge (339 pages) and very thorough report on all the types of electrical and magnetic fields on the planet and how these EMFs might effect our health. Among its findings were:
“There is little experimental or theoretical evidence that mutations could be directly caused by ELF [extremely low frequency] magnetic fields…. There is little evidence that ELF electric or magnetic fields can cause malignant transformation of cells in culture.”
The final conclusion of the WHO commission was that
“Static electric and magnetic fields and extremely low-frequency electric fields are not classifiable as to their carcinogenicity to humans (Group 3).”
Group 3 means we don’t have any positive evidence that EMFs cause cancer. The only lower category, Group 4, would mean we have evidence that electromagnetic fields do NOT cause cancer, but such evidence is very difficult to produce. In other words, they concluded that the evidence didn’t support a link, but more studies might yet find something.
After the 2002 report by the WHO, a study in 2005 raised the alarm again. In that study, Gerald Draper and colleagues claimed to find an association between the distance to the nearest high voltage power line and childhood leukemia. Draper found that living less than 200 meters from these power lines (in England and Wales) raised the risk of leukemia significantly compared to living at least 600 meters away.
The scientific reaction to the Draper study immediate and highly critical. Hepworth and colleagues pointed out that the results did not support a causal role for electromagnetic fields (which were not measured), but at best a geographic correlation. Kheifets and colleagues demonstrated out that the effect disappeared when the control groups were analyzed differently. Other critiques quickly emerged as well: a sign that science was working to self-correct, as it often does. But Draper’s study was widely reported, while the criticisms were not. The critiques, though, paint a compelling picture that Draper’s work was seriously flawed.
One of the most recent studies is from 2013 by Elliott et al. who looked at over 50,000 cases of cancer, including leukemia, brain cancer, breast cancer, skin cancer, and others. They found no increased risk for any of these cancer types and concluded
“Our results do not support an epidemiologic association of adult cancers with residential magnetic fields in proximity to high-voltage overhead power lines.”
This debate sounds very familiar. Many false hypotheses, such as the notion that vaccines cause autism, or that acupuncture can reduce pain, show the same pattern: a few small studies produce weak positive evidence, but then larger, better studies fail to back them up. Proponents always call for more studies, but if the effect is real, it doesn’t disappear when you do a bigger study. If anything, the effect should appear stronger.
A major problem that the EMF alarmists have, which none of the proponents have ever answered, is one of mechanism: how is the very weak EMF from a power line supposed to cause cancer? Multiple theories have been suggested: maybe EMFs affect the movement of magnetic particles within cells, or alter the voltages across cell membranes—but as the editor of BMJ, Geoff Watts, put it in his response to the 2005 Draper study:
“Evidence to support these and other ideas is at best thin and at worst non-existent.”
So no, electrical power lines do not cause cancer. But they’re still ugly. We should bury them all underground.
Hmmm……..But what about the contaminated underground water. You may have already read that the ground water near Sobha Aspirational homes is highly contaminated and has high levels of phosphorus, zinc, lead etc. That will surely cause cancer. I think you can give a better gift than Sobha Aspirational apartment to your son.
Hi rakesh,
Yes I understand your challenge but they have treatment plants and I actually booked in corporate office near sakra world hospital so i had a change to see their treatment plants in Sobha IRIS and corporate office. But anyways everyone has their own views and i had liked it personally.
I think we shall meet up in three years down the line and talk on this subject to evidence the comments,,,,,,,
Yes, Arun sometimes “time” alone can teach what advice cannot.
After quite lot of researching I have booked an apartment for self use in Sobha Dream Acres Pre launch project , genuinely speaking there was very good response from others. I Found the project is brilliantly designed it looks so classy and yet so affordable, Moreover it is so well connected. I work in ITPL whitefield and I could get to the site without any difficulties in so less time.
I am pretty much shocked seeing the above negative comments which I am sure it is a marketing strategy of some competitors. Regarding the concern of narrow roads even I agree on this, seems like it would take some years to get it widened. But for that matter, most of the projects by other builders also will have their own issues so comparing to the other builders, Sobha is most trustworthy and well known, also the pricing of this project is what most of us can afford. Drainage don’t really exist there it is totally dried up, well probably there would be little of water flow during heavy rains, we cannot consider that as drainage.
@rajeev – you are an employee of sobha ..Anyway the price /sqft is very costly..it shld be around 3000 rs/ft
Someone has already created a group for sobha rain forest. This is the link:
https://groups.google.com/d/forum/shoba-rain-forest
Hi ,
Is there any watsapp group or facebook group for sobha dream acres rain forest.
Please add me if there is any.
Regards
Abhinav
Add Me too…I have purchased from here…need to be get plate from group
I have also booked an apartment in this project…is there a group already?
@ Ankit- Even i have booked a flat in this Project. Couldn’t find any owner’s group yet. If you come across any such group then do let me know..
Even I have booked a flat. Let’s create a group.
I booked it to. Please add me to the group if you have created it already.
Hi
even i Booked 2 Bhk. It is costing 72 lacs in totoal.
Guys, I also booked a flat in 9th block. Can we create our own group to have discussion further. Please suggest.
Hi,
I have booked a flat in 8th block. Someone has already created a group and I have joined
https://groups.google.com/d/forum/shoba-rain-forest
Please join everyone and lets have further discussion…
I have also booked.
I tried to book the appartment on April 12th but the salesman told me that price has increased by 200 to 4915. At what price did you book it?
just walk away from the project..its not worth more than 3500 rs/sqft.
I have booked in 11th floor.
The starting rice was 4715Rs, now booking will re-open from 23rd Apr onwards with 200Rs increase..
Visited the project. Here are the details of a 1210sqft (2bhk).
Basic price – 4715/sqft
Floor rise – 25/sqft (from 2nd floor onwards)
Premium + (Garden facing) – 200/sqft
Overall this is coming around 70-72L (inclusive of reg. and depending on the floor)
What I heard from the builder is that because this is a massive construction, the prices are much less when compared to other Sobha projects.
Just for the brand… Should I go for this one? The way we shop for brand clothes during a sale? 🙂
@Harshini
This is not a SALE price, as you would usually see on branded cloths.
The RATE they are charging here is almost close to what they charge for other Shobha projects, just the PRICE is comparatively less because they are dishing out a smaller unit with lesser overheads.
Hoever, this rate is not justified considering the location, magnitude and approach road of this project.
Hi.. I have bought in Sobha rain forest. 1210 Sqft premium unit on 10th floor. Excellent view and balconies are facing east. Over all good unit at best price with A grade builder. Very positive response got from friends whom i know about Sobha. Great Connectivity and roads are all approved by BDA. Major proposed road is Peripheral ORR which is major boost to the property.
Construction process is different , Sobha is coming up with Precast Technology there by construction cost is reduced , Manhours is low and totally cost of an apartment is lower.
Agent?
Thanks Sobha marketing team for your feedback. As far as I know rains have decreased a lot in Bangalore courtesy builders like you who are chopping down trees and there are no forests left. Sobha Concrete forest may be a more appropriate name for this project.
Im trying to understand how “Precast Technology” is better for a high rise building?
If shobha is right, why they aren’t using the same technology for their expensive projects?
Why do you think this is a low cost or cheap project. In the name of aspirational homes, they reduced the size of flat not base price. What’s the base price difference for this project compared to their other projects or Prestige project near by.
Shobha has to answer, why they don’t use the same technology in all the projects. But this is relatively new technology.
Sobha construction quality seems good. but dont assume anything.
Their largest project in Bangalore “Sobha city” owners are struggling now due to a crematorium next to it. Sobha kept this secret during sale and now they are not doing enough to get rid this of it. Owners have been given different excuses as delaying tactics so that they can finish the sale. Owenrs have been waiting for more than 2 years to get this resolved.
So don’t go just by the brand and assume it will be alright. do your own investigation/verification before buying from these so called premium builders.
Avoid this..No one is going to get any return in this project. There is no room for appreciation. after 5 yrs ?
Will i be getting a customer to buy a 2 bhk house for 1 cr after 5 yrs ? its not going to happen.
All prices will stabilize soon
Thanks guys. I dropped the thought of buying one here.
Hope all of us get the best homes for the efforts that we put-in to make a good living.
Let’s not get fooled and fall prey to these builders who will keep taking us for granted..!
Hi,
I booked a flat in Sobha Rain Forest @ 4715 / sqft for 1012 bhk, costing to 61 lacs(premium corner flat). I really loved the Brand Name, Location Proximity.
The main pros which lead me book were :—
1) Proximity to ORR IT Belt.( More company office are coming in this belt).
2) My maximum budget was 65 lacs.
3)Being first time buyer, wanted to buy from A class builder
4)Looking for occupancy in next 4-5 years(Do not want to get possession immediately)
I booked this for self use but I now see too many negative comments. I am really scared now.
I see the following concerns put up in threads:—
1) Narrow road
2) Poor Floor Plans
3) Overpricing
4) Too many units
1) I agree with narrow roads but will there never be road widening done in next 10 years also(CDP says widening for road upto bridge)? Also the underpass widening seems to be really tough to make considering railways are to involved.
2) Not concerned with floor plans as such.
3) Yes they are charging extra for the brand name. The samrudhi winter green next to it isn’t probably cheaper (4500 Rs/ sqft) being non A class builder. So the pricing seems to be only slightly on higher side.
4) Are 6000 + units in 81 acres too much? How about bhartiya city making 2500 apartments in 17 acres?
Considering all these factors , would it be possible to sell my flat in next 1 year with marginal higher profits(1-2 lacs) in case if I feel to exit later.
Shall I proceed with cancellation(25% deduction of booking amount) or wait to see the things and exit a year later with selling the apartment.
Please help me how to proceed.
Don’t wry…Brand name will give better returns.
Sobha city was launched with price 3k..now the current price is 5.4k.
Don’t wry.
I think today’s market sentiment doesn’t really care about per sft price. It is coherent with only the buying capacity of an end-user. So even if the price touches 10000 psft for Sobha City, it’ll be just on paper till the time you get a buyer willing to spend a humongous amount for your flat.
My sis-in-law purchased a DLF villa in Gurgaon in late 90s for 70L. It was a great deal back then. The current going rate for that villa is 6cr+.
She’s been trying to dispose of the villa for the last 5 years as she’s in US currently & has no plans of returning. She’s tried everything, all the brokers, channels, ads etc. but nobody is willing to buy it.
Unless the end-user of the villa is able to earn in that salary bracket, the prices will stay on paper. Of course then you can have this argument that an investor with lots of black money can purchase that villa. But I believe even the investors have a spend ceiling.
You can gloat all you like on having purchased a great flat in a great project. That is fine if you’re using it for yourself. If you’ve bought as an investor I’d like to say these are very trying times and you might not cut the deal with your expected rate which is bloated shamelessly by the builder.
Does that tell you something?
price for every property went up in the same area, not just sobha city.
also 5.4k is what sobha is able(or struggling) to sell at using there skilled marketing team. try reselling your property at the same rate, then you will know.
the brand value is definitely helping them now but with all the issues with their marque projects, the brand value seems to be going down drastically.
Having said that i dont know which other builder is better. but sobha does not seem to be any different than others in this regard.
@babu – Have you seen the meditaranien trip ad ? sobha was not able to sell their apartment in the city for the last few years..Every week you can see an ad saying they are offering free trips to different island. ? That is the situation..
Dude – Just hold on to the RE investment..What goes up has to come down..Prices will stabilize automatically.. If any one has got black money just park it in the RE 🙂
You are comparing buying clothes and home? God bless you, i’ve got nothing to say.
Just one thing, you should do at least 6 months of research before taking a call.
I saw lot of grave yards in that area on the road. Builders are razing it and making homes. beware .. your home may be standing on one of the graveyard.
There are high tension wires along the first phase row. This may cause cancer in long run. in US, government does not allow to build home that close the high tension wires but in India Govt does not care or they eat money and let builders do whatever they want. As a client we need to be careful before buying such properties.
Dont get carried away by brand name. Dont buy without proper checks from your side.
ps.. there is a big nala (drainage ?) passing through property. Ask about it if you are booking.
can the nala can be converted in to drainage in the future, considering the water treatment plant getting up behind shekhar casa project…also concerned about the 220 kv line..
220kv line is set in stone. Have to live with that. It won’t be moved .
Nala will change. Village time it was open nala gathering effluent from all homes and fields. With construction of waste water treatment plant , this will be drainage but I think it will be a covered drainage. If not by govt. Sobha will do it but definitely it won’t be the view that they are showing in marketing brochure. Cannot build a small river over covered drainage. But am hopefully waste water treatment plant smell will not reach phase 1 residents.
Can any one please share some idea about the Railway under pass.
How will the road get widened ? The possibility of a flyover is nill.
I am looking for investment. Thanks in advance for your kind feed back.
Hosur Road from e-city (after BETL) to Attibele is a 6-way lane toll NH on the entire 15KM stretch. But there is one place where it is not widened and that is the railway underpass intersection just after chandapura junction. Being a NH with number of heavy vehicles crossing everyday – even then no stone unturned till day at this place. Now, you can imagine what will happen to this railway underpass.
I went for site visit last week and was totally disappointed. It will look like high rise chawl. I already booked a flat in Prestige Lakeside Habitat(For end use) and I think PLH is much better option than this.
now a days no one is booking the apartment ?
I looked at the track record of sobha and prestige and sobha has been far better in construction quality and meeting delivery timelines in past.
Visited their office this week and saw the booking sheets. Its already 25% booked. Even though their marketing office and model flat is still under construction at site.
Not sure why people are booking heavily even though floor plans are OK OK.
I don’t understand why the class A builder’s budget home look like free houses given under any government housing schemes. Though the price is higher than any class B builder.
– Sobha Aspirational Homes
– Purvankara’s Provident Homes
– Brigade Meadows
they are not able to sell their dream projects..and now into charity..
the better option will be Prestige Lakeside Habitat 1220 sq.ft with a price range of 60L and a wide open space of 86 percent any queries related call me 7676271861
Hi People . I am interested in booking a flat in this project but I am confused about the prospects. Site visit with channel partner was done this Sunday . Sobha wants to test the budget homes segment . Floor plans are disappointing . It’s doubtful that they will be able to deliver in 3 years . Panathur Road traffic will increase 10 fold in the next years . Road widening is doubtful . Water source is questionable .
Objective :Investment Horizon : 3-5 years : My question : Current pre-lauch price is 4800 psft . What is the appreciation potential in 3 yrs ?
My cost now is 60L for 2 BHK . Resale of Tier-1 flat is easy or you have to be lucky ? Can I easily sell at 80-85 L in 2018 considering the no of projects on Panathur road ( new inventory ) ? Please guide me . YoY , can I make atleast 10% ?
Thanks,
Swati
I also saw the floor plans..its not good at all..and i dropped the project from the list..there are already 1 million apartments in inventory..so i avoided this project
These greedy builders are destroying whatever little trees or greenery is left in Bangalore. and they have the audacity to call their project “Rain Forest”, “Urban Forest” etc. What they will plant are some shrubs, some stupid date palm trees. And the pictures they put on the website and in the promotional material are all copied from some place in the West.
Selling apartment with a project inventory of 6000 will be real tough ask. While the market sentiments are down still you see various launches but it’s taking time to sale inventory. If apartment available from builder itself that mean no full occupancy. If you are good to shell out 60lkh for 2bhk you should search in ready to occupy position. No point waiting for 4 years.
@ Swati,
>>>Can I easily sell at 80-85 L in 2018 considering the no of projects on Panathur road ( new inventory ) ? Please guide me . YoY , can I make atleast 10% ?
Very unlikely of exiting successfully in a project of this nature. Stay away.Let me explain why;
Competing with Shobha:
A project of this nature (6000 units across 81 acres) will easily run to a minimum of 15 to 20 years, by the time Sobha completes all construction and exits (It took L&T 12 years to build South City (2000 flats across 19 towers) in Arekere, Bannerghetta Rd. In this case, we are talking of triple the size.)
So, for the next 15-20 years, you will have Sobha selling under construction flats and unoccupied flats, along with investors like you, in the same complex.
It will be impossible for a lone investor to compete with their might and brutally efficient marketing engine, on same terms, unless you drop the price substantially.
So, to start with all investors are on a back foot, when it comes to exiting, vis-a vis a Shoba.
Appreciation in price:
Pricing is purely dependent on demand v/s supply. In this case, there will be huge oversupply (read 6000 units to sell), as a result pricing will be dampened. We have multiple projects in ORR today, which have not generated even moderate results for investors, and this project will also meet the same fate.
While Sobha (Very deep pockets and international investors base) will increase the prices, or hold on to it, the question is, how long can an investor hold on, in a not-so-great market.
Again with, North Bangalore attracting all attention, will South Bangalore, have enough absorption capacity ?
Under construction project:
With construction constantly happening within the complex, it will be a major nuisance. (Although the builder will tell you of having the best noiseless, dustless, construction technique), there will definitely be noise, dust, and the hazards of a under construction project, and will be a disadvantage.
Association formation ( Lack of transparency):
Rarely, does a builder hand over the maintenance and corpus deposits to the associations, until he exits the project. He will own the maintenance, and charge you for it. It has its own pro’s and cons.
Pro’s: Since Sobha, has flats to sell, they will maintain it properly.
Con’s: The maintenance will not be transparent. Sobha will have to account for common areas, unsold flats, and under construction projects. As a result they will maintain a common poll for some of these costs, and you will end up subsidizing some of their construction related costs. No builder will share the maintenance details of a under construction project.
Scale of this project:
This scale of this project is massive, and as mentioned earlier, will run into decades.
It will be very difficult to predict, if the proposed sanctioned plans can be executed considering there will be changes in housing regulations, environment rules, BDA, BBMP. While, Sobha may have the necessary resources to stay around, the risks are high.
For self-use, the project is fair, as the pricing is attractive and amenities provided reasonable.
For an investor, there are other projects, where the stakes are definitely brighter than this one.
Rgds
Arvind Raman
Very comprehensive review @Arvind Raman. Thanks.
Regarding your point “Appreciation in price:”
I would like to add that current rates are very high, considering the location and overall design of the project. It’s too much crammed. Road is very narrow at places to accommodate so many people. Expecting further appreciation is foolish, though Shobha will continue to “rise” prices over a period of time. Investors will not be able to sell at those prices.
Market will be down for a long long time. Shobha would have already set a milestone spanning over decades to sell it completely.
agree manjushree.
its going to be retirement paradise..for all the young people..
Well said arvind..
1 More point to add – What is going to happen to the 1 million inventory under construction and ready to move in ? Considering all these things ..it is going to take atleast few decades..
Thanks Arvind for enlightening us.
I completely disagree with arvind’s view here. One thing we have to remember is that, no one is doing business to make their customers rich :). Buy an apartment ,floor plans, cost etc is individual decisions and as far as I understand this project seems like a good project especially the location is being concerned. It’s much much better than plh, ( I am not from shobh’s family, don’t misunderstand) ,as I am doing search since last 6 months.. And I am seriously thinking about make an investment in this project. Plh Disney concept is seems to be real crazy , as I think we are all seeking a house ambience not an amusement park around us :). In simple words , if we need a good brand, very good location, construction quality, I would say its a go green for this project with 60-70 lakh budget. Of course I do have concerns about completion timing(I heard it will be phase wise release) floor plans etc, but again it’s depends on individuals comfort, and all builders in Bangalore we can see comments like this.. But we should consider both positive and negative feed backs at same time. For me it’s a good project, and an impressive one within my budget.
i have done 6 months of rigorous homework before i took my first apartment, 6 year back. i continued my research till now and bought apartments in multiple grade A projects during this time.
I still believe u need to do much more homework before u take a decision and i suggest u to do it at least 6-9 more months, i can assure you prices won’t increase or u will have better and calculated choices.:)
SG Sir,
Your words seems to be of Wisdom, Please share your learning, It will definitely help us.
Visited the project last week. The road leading to the project from ORR is very small and there is no room for extension….there is a narrow railway bridge and a small village passing thru. considering the amount of projects coming up in the area future traffic in this road will be a hell. Unless there is a road widening happens (this case it doesn’t looks like) it is a waste in investing…Now the project is being marketed thru a channel partner and there is no mention of Shobha in the work place.
Hi,
Wanted to know hows this project. I visited the site, drawbacks i See is a narrow road for 0.5 -1 km. Another there is bridge which i guess is railway one. Is it good to buy? Price is good and they are doing with Precast so it will be fast.
I think railway bridge is at least 1.5km away from site so that shouldn’t be an issue if you are thinking about noise. I heard road is going to be wider soon but please confirm with someone who has more info.
I think it’s priced high compared to the location but after all its the brand name value which they are charging.
Not to mention Master plan looks like Train station..
Price is high for the type of configuration they are providing.
1200sqft 2bhk coming to 75lakhs (excluding Stamp & Reg)..
Master plan & Floor plans are not good..
Already visited the property and disappointed a lot. Looks like sobha planning to making a lot of money out of this. The project is look like a hostel. You will notice lot of attitude with the sales guy. It will never give you sobha feeling at all. From the very first moment itself they will make realize that they are very kind to sell flat in 71L(Total Cost 2bhk 1215sqft). For them it might be pretty less money for a 2bhk considering that location it is huge. The approaching road(Some part of the road doesn’t even exist today) is very narrow. And they are planning to sell 6K apartment in 71L+, ha what a joke! Also two high tension electric lines are passing through their property. In same price Prestige lake side habitat probably better choice.
Spoke to a sales guy from the official Sobha website – “http://www.sobhaaspirationalhomes.ind.in/index.html”
Following are the details shared by him:
Location: Near Hanuman temple; 2 kms from Samudhara winter green.
Rate : 4800/sq ft. – (Including car parking and Clubhouse deposit )
For 2BHK with 1000sq ft total would come to 55lakhs. (excluding floor rise).
Booking amount – 3 lakhs.
Can someone please suggest if this looks like a good project as compared to Prestige Lakeside Habitat ?
I am planning to invest in either of these and would be great to hear from guys who have keenly looked at both the projects.
Hello Vikram,
I haven’t done any research on Prestige lake side view, but for Sobha Green acres i am keenly following it since some time from now. I am also planning to buy a home in this project, but as i am first timer so need advice and suggestions. I had already met sales guy from Sobha in their corporate office and he told to provide 5 lac PDC cheque. Are you sure its 3 lacs for 2 bhk?
Before giving money to sobha developers you will be the king . After that sobha will be the king..
I hope you are educated person..So u can answer the below questions
1. Approval of the property. Do they have all the clearances in place
2. What khata they will provide and when.
3. When they will deliver the project
4. What is the price/sqft – is this for carpet area or super-built up area
5. Ask for separate price of carpet and super-built up area
6. What is the penalty they pay for the delay bcoz you will be starting paying EMI + Rent (assumption) ..Will they be able to offset the amount that you will be paying
7. What is the penalty the you will have to pay to sobha in case of delay..Will the same rules apply to them or not
8.Since it is a large project what is the guarantee they will be able to deliver by the promised date
9. Don’t be heroic by giving a cheque..think 100 times..
10.There are 10 lakh apartments in Bangalore unsold..you can do a Google..as per the Hindu article..so unless the price is less than the current available price..
11.If the price is 5000 or 6000 rs/sq-ft..just run away 🙂
12.Do not believe the channel partner..
My final verdict – Wait till Real estate regulator is implemented by the govt in the coming months.. Write to Prime Minister on this..
Hi,
Do you know any project that has all the above mentioned points are ready at pre launch stage???
If yes,please mention the location and builder and it should be within 3200 to 3800 rs per sft.
Thank you.
If you can stretch it by another 10%, i can provide more details which is approved project at its pre launch price.
Please suggest some good projects. Budget 60-65 Lakhs. 1200 Sq foot.
@Manoj. That was the figure quoted. Planning to meet him today. Will update you on that.
Also planning to meet the Prestige guy.
All the upcoming projects along (and near) the Varthur Road; keep talking about the Varthur stretch expansion; which is so very needed. Does someone have any heads up in this regard? I have seen places on Varthur road marked with readings like 19m etc. Not sure if this is planned in the near future.
Varthur is a dry land..it will take atleast 1 decade for this place to develop. Better avoid RE for sometime..the prices are going south as per NDTV property report..invest in direct equity..
The name of project is Rain Forest now. Got email directly from Sobha. Base price is 4715 p/sqft for ground floor and standard apartment. They have 3 category Standard, Premium and Premium+ . Floor rise is 25rs per sqft.
They have opened 5 wings for sale as of now. 2bhk of 1012 sqft cost 57.87 for ground floor including car park + other charges.
Floor plans are not impressive as per Sobha.
Other information, since this is first time Sobha is developing a huge project they have change the entire management for this project.
They have open marketing to channel partners and hence you may be getting calls from various brokers and agents which has also escalated the cost. The per sale of apartment usually as per market standard the charges are 2%.
Initially they were planning to give electrical equipment along with apartment cost itself but seems like they are not.
Apartment bubble is market with some new projects from other big players are in pipe line. Be cautious and do your due diligence before entering into venture. For investment not going to fetch a great result with so many inventories available for sale. For 1st time and people looking to live there you can cross check.
Thanks
Amit
I am searching for an apartment for last 1 year..i am seeing lots of options available both in the primary and secondary market. Got scared..
All the prices are negotiable ..so stopped from buying. This project is priced at very very high price.. better to avoid..we cannot pay the future price for the project
I have also met the sobha saleas officer. For a 2 bhk, 1000 sq feet, booking cheque is 3 lacs.
The website above belong to Channel Partner and not Shobha
Hello All,
Is anyone interested in this project? Has anyone given the PDC to Sobha yet?
Hi
Came across the youtube link – the approach road – and way to the sobha project.
https://www.youtube.com/watch?v=zkjyzvirfCE
Might help for those who would like to know the distance and approach from Outer Ring Road to the site. Spoke to the channel partner they are offering some gift voucher for every booking – dont know how much etc.
Go to the below link SLNO 128, download the link and get all details of the project.
http://seiaa.kar.nic.in/Construction/LIST%20OF%20CONSTRUCTION%202014.html
san
So, looks like they don’t have environmental clearance yet.
Thanks Sans- From the project –
The Proposed Residential Development project will be developed at Sy. Nos. 77/10, 77/5,
77/3, 77/4, 67/1, 67/2, 63/5, 75/1, 47/3, 76/3, 61/2A, 61/2B, 60/3, 61/1, 47/2, 60/1, 63/1,
66/1, 62/4A, 66/2, 67/2, 49/2, 49/5, 50/6, 45, 76/1, 49/7, 53/2, 53/1, 50/3, 50/1B, 63/4,
76/2, 77/7, 77/8, 63/3, 50/5, 62/4B, 63/2, 61/4, 51/2B1, 51/2C1, 51/3, 50/4, 50/2, 49/4,
61/3, 51/2B2, 51/2C2, 51/4, 59/1, 59/2, 59/3, 59/4, 59/5, 58/2, 49/1, 76/2, 51/1, 58/1,
53/1, 77/9, 60/2, 50/1A, 63/4 of Balagere Village , Varthur Hobli, Bangalore East Taluk.
The Latitude and Longitude of the proposed project site are 120 56 ‘05.65″N and 77043’
26.86 E respectively.
Type of the project Residential development:
Plot Area Total Plot area : 3,33,003.00 sq.mts (82.29 acres)
Area under CDP Roads : 16145.00 sq.mts
Net Plot Area : 316858.11 sq.mts (78.30 acres)
Total BUA Including Basements : 1,00,2429.30 sqm
Tower Configuration Residential Apartments (2B+15F)
Commercial Building (3B+5F)
Unit Types
Type A : 2 BHK – 2,880 Units
Type B : 2 BHK – 1,920 Units
Type C : 3 BHK – 900 Units
Type D : 3 BHK – 300 Units
Type E : 1 BHK – 600 Units
Total number of units :6,660 units
Investment on the project 1214 Crores
Construction Phase
Source of water: External Tankers
During construction phase about 194 KLD of water will be provided for construction work
and around 239.8 KLD of water will be provided for the site and Labour Colony.
Hi!
Am looking for apartment for end use. Would be grateful to have co-ordinates of SAN/ Avinash.
Thanks.
its not worth for the price..we have quality projects in ready to move in state..why wait for 10 years for total completion.
Base rate would be around 4500-5000 and price quoted (35L) for 600 SQFT would be all inclusive except stamp duty & registration charges.
Email that i received states 35L is base price for 1 bhk..
its going to be another flop project like shoba city..every week they are asking people to visit..and take a free trip abroad
Builder has not revealed the price yet, no pre-launch booking accepted till date.
But some channel partners quoting their own tentative prices and asking for PD chq. I feel its better to wait an check with builder directly. things may get cleaner soon in a week or 2.
They are packing them in.
I hear the price starts from 35L, assuming it is NOT all inclusive, the base price comes closer to Rs. 6000 a sq.ft. (sizes start from 600+ sq.ft.). In which case, we are paying 7K+ (approx) as all inclusive rate.
Even if about 6K psft is all inclusive, the base price will come near to 5K. Not sure of exact location so cannot comment much about the prevailing rates. But a pre-lauch price is something that should make us drool. Lets hear from people who have more information.
Got an email from sobha for ‘aspirational homes’ called green acres.. Look at the tentive prices, makes me wonder if this is aspirations of Sobha or buyers!
——————–
We are glad to inform you that Sobha Limited is launching most awaited mid segment project “Sobha Green Acres” Specifically designed for nuclear families, salaried professional, and investors. This project spread across 81 acres, and consists of 1,2 & 3 BHKs
Location :-
located just 4 K.mtrs from Marathalli ORR behind Cessna Business Park. On Panathur and Vartur road, form 3.5 Km form forum value mall.
Project Located in Balegere, at mid of four major road connecting the city namely Marathahalli road, Varthur Road, Outer Ring Road and Sarjapura Road. Termed as “Golden Quadrilateral” due to easy accessibility to all major part of IT corridors.
*Tentative Project details.
Project Name :- Sobha Green Acres
Location:- Balegere
Land Area:- 81 acres.
Total Units:- 6000
Floors:- 2B+G+20
5 club houses
Park
Pools
Gym
Commercial area
Super markets
ATMs
*Tentative Configuration and pricing .
Type
Area
Price range
1 BHK
650-700
35- 40 Lakhs
2 BHK
1000-1200
55- 60 Lakhs
3 BHK
1350-1500
80- 90 Lakhs
Completion 3- 3.5 years
Advance bookings open from 1st Feb 2015. Cheques will be banked after selection of apartment from 15th Feb 2015 onwards. Selection of apartments will be on first come first serve basis.
You can avail the pre – launch offer by providing duly filled booking form and post dated cheque for “Rs.5 lakhs” dated 1st Feb-2015 in favor of “ Sobha Limited”
*Please note:- Above mentioned basic prices and other information are only indicative and subject to change without prior notice.
——–
@KM- Did you receive email directly from Sobha developers or from any other Property site?
Can you please provide me any direct contacts from Sobha ?
The email is from a channel partner and not shobha. Even I have received the same email. Spoke to Shoba directly and they state that they haven’t done any soft launch yet
shobha would be testing the response of their newly launched projects thru the channel partners..if the response is good then they will stick to the price else they will stop launching the project now or lower the price. All are shrewd only.
better avoid these type of large projects..GOI is working on a smart city. We cannot live in this city as there is no water available and roads..
would suggest people to invest in stocks to get good return. And can liquidate in less then a minute. Real estate will take years to liquidate and is a pain..
I agree with your point. Buying a flat for investment purpose is not a good choice. There are so many flats coming up in bangalore, one day the rent will also come down. Its better to invest money in mutual funds for better returns.
Today i met a sales guy of Sobha in their corporate office. Even the channel partner guy was also part of the meeting. Even I visited the site. The place is 4 kms from Panathur (ORR). They are asking for the Expression of interest form, cheque of 5 lacs in favour of Sobha limited and some id proof. The prices are tentative and only after 15th of Feb they will be able to get the floor plans and the prices along with break ups. If any one has some more additional info please post it here.
http://profit.ndtv.com/news/industries/article-haryana-government-fixes-prices-of-affordable-homes-728989?utm_source=ndtv&utm_medium=top-stories-widget&utm_campaign=story-12-http%3a%2f%2fprofit.ndtv.com%2fnews%2findustries%2farticle-haryana-government-fixes-prices-of-affordable-homes-728989
This is going to happen in bangalore soon
3600 to 4000/sqft is affordable!, then 2 bhk will be 450sqft. I think in Bangalore it will come up in the satellite towns where the govt has land bank. Will there be takers for this kind of properties.
san
san – we have close to 1 million apartments of different sizes and luxury projects in Bangalore which are yet to occupy and unsold. Any takes now ? I don’t think so..
so the bottom line is reduce the price and builders have to come to the reality. All the builders are holding the price now..it the situation continues most of the builders will shut shop..
You mean you are having 1 million(10 lakhs)? ready to occupy and unsold apartments in Bangalore.
As per the article below, from 2009 until 2013 only 81900 apartments have been built, of that only 43000 have been sold and the rest are yet to find takers. Where is 43,000 when compared to 10 lakhs claimed by you.
http://talkmag.in/cms/news/business-money/item/1171-too-many-flats,-too-few-buyers-2
Also take note of the population of Bangalore which is just above 10 million in 2014 and 8.4 million in 2011.
http://www.indiaonlinepages.com/population/bangalore-population.html
If the builder reduces price it is good.
san
Not sure why people are investing in the badly located property of Sobha. It is highly overpriced given the location it is in. On the name of 35 L onwards, this property is costing more on per sq feet as compared to properties right next to outer ring road. One will need choppers to reach this place. Panathur and Varthur approach roads are already in complete mess and complete bottlenecks and add to this 20000-30000 more cars, there is no way traffic can move. Widening these roads is difficult as there are establishments/structures/railway bridge. Please try visiting this property around 7-8 PM on a working day. Sobha is fleecing the customers by highly overpricing this property. Dream merchants at work!!
7000 flats ? so 7000 * 2 cars = 14000 vehicles getting added alone in this project area..So any separate ring road planned in this project.
The fact of the matter is sobha is not able to sell all its 1cr + projects So they have moved to this segment..unless price is less..this cannot be a successful project
this is an 81 acre property, so hopefully movement of vehicles would be controlled. And as it is targeted to professionals or nuclear families, may be we wont have 2 cars per household.
Exact Location will make things clear.
even it is 1 car per house..6000 additional cards is still going to be nightmare..it should take alteast 2 hr to come out of the complex during peak time..unless someone has got flying cars 🙂
Hi Guys,
This project did not get construction approval from yet. Project is not approved yet.