New Pricing By Sobha Developers

Hello All,

I have received a few emails from people complaining about the new pricing strategy adopted by Sobha Developers. In the press there is a lot of news about price reduction and it seems that Sobha Marketing team is also talking a lot about it. Effectively they seem to have reduced the price for their property on a per sq ft basis, but if you happen to get a chance to look into the details, you would know what it really is. They have considerably increased the prices elsewhere, like:

Share of Land - Cost of that seems to have been increased by nearly 100% or more
Car parking - Increase of nearly 50%
Club House - Increase of nearly 50%. In some cases even 100%.
Other charges like Electricity and Water Supply have also increased by 25%.

I am not sure if the above price increase is in tandem with the actual cost increase. However i would suggest new buyers to check all these well in advance. They seem to have reduced prices in some place and increased prices in some other places, so net affect balances out.

So bottom line is - dont get carried away by this "so called" price reduction. It might be not be true as you might be thinking. Get down and see the details carefully and make your judgement.