Sobha team and brand is not the same what it was 3 years ago. We bought Sobha Daffodill in HSR Layout, Bangalore in September 2006. The delivery date was March 2008 and it has been delayed to November 2009. Sobha has not made any effort to expedite the project, rather they are fooling new buyers by offering crazy schemes like "3bhk at 40% discount, occupation by May 2009". Please do not fall in the Sobha trap, as once you sign the contract and pay money, the builder will take you for a ride.
Sobha is continuously sending us project getting late information. Every time they say the project will be ready in next 3 months, and as a buyer you should start planning the interiors, shifting etc. However, just 15 days to the handover they send you a communication that the project is further delayed by 3-6 months. Reason - downturn in the market & they are having cash problems.
Below is an excerpt from their official communication:
"We regret to inform you that due to the unexpected slowdown, liquidity and financial crunch, the construction work of Sobha Daffodil slowed down over the past 3 to 4 months. We are sure you will understand the situation that we are in; we request you to bear with us for this additional delay and sincerely apologize for it. Commencement for handover of the apartments for interiors will start now wef 30th Nov ’09. Please do understand that the apartment will be handed over for interiors only.
If in their existing projects, if they are having cash problems, how can they start other projects and commit delivery by May 2009. It is nothing but plain cheating and fraudulent activity.
The Sobha brand name is no more. They are here to cheat innocent people.
Thursday, April 9, 2009
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