Hi All
How are you all doing ? I found a few discrepancies in the status reporting of Sobha. For my apt they reported the Electrical switches have been fixed. I checked it yesterday, a month after their status report (Sobha Sunscape), and found it is incorrect. There was not even a single switch fixed. Same is the case is with doors. they reported all the internal doors have been fixed. Even after a month of their report I found the door of the balcony door is not yet fixed. These are minor gaps but still I have pointed it to them. I would suggest people to check the actual status w.r.t to what they are reporting.
Follow Ups:
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what the hell are these Sobha people thinking. They seem to be taking us for a ride in every little thing. That's so damn pathetic.
Hello Guys, On numerous occasions, I felt Sobha has resorted to very cheap and unethical ways in doing business. I feel they are worse than a low class builder. I really doubt their construction quality also now. I will never recommend any of my friends to buy a Sobha apt based on my personal experience.
Monday, April 27, 2009
Saturday, April 25, 2009
Troubled Sobha Magnolia Resident
Sorry for the late posting... But I got to check this AM only as the CRM sent a mail, I had asked them to send a mail to all concerned and I am hoping they did so.
The Magnolia Residents continue to be taken for a ride "fullon" and nothing is being done. We cannot simply be mute spectators to happenings over there. I have gotten tired of being voluble in these sites as there is no use other than us exchanging verbose language it falls into deaf ears.
Every possible excuse, denials and delays in completion and handover of Magnolia Property that is the biggest CON GAME going on right now. I have taken possession in Mar09. Regd the flat. Interior work is on expedited pace. But what use? I cant move in May end as I thought.
They promised Mar end power. Then April 15th then 20th. Still no signs of power and elevators. I use the stairs to climb 12 flrs and wanted to do POOJA in April 3rd week again CANT DO IT!
I am just venting what else can I do? I am powerless frustrated and feel wronged and totally made fool of. We are watching and not doing anything.
Friends please come to the occassion and see if we can do something gather with and present with our feet.
In the final analysis I say all the investors, land owners have no interest in fighting. Only genuine owners who want to live there are fighting the nos for these are paltry single digits. So Sobha for all its transparency, honesty, publicly held status does not care a fig for small owners such as me and others.
Please think over the injustice done. It is high time someone pays for this denials & delays and taking responsibility for these and compensating the owners in due ways. It looks are cards are with the builder and we are just living in a Banana Republic with no rights at all.
- Troubled Sobha Magnolia Resident
==========================
Hello,
Fully understand your frustration... Although I am not as eager to occupy the place in May, I am concerned about the lack of communication from Sobha and their inability to forecast anything...
I am going to be in India for a couple of weeks, starting May 01 - partly to get the apartment registered on May 12, but more to understand what else we can do about this....
In addition to the delays, there is over Rs.1 lac of Service Tax that they have collected and over Rs.4 lacs extra they have charged for BWSSB and KEB. In all cases, they are refusing to provide receipts of what they have paid to IT department or the State Bodies... Also they are refusing to pay any compensation for the delay claiming that there were modifications...
I think we ought to formally register the Sobha Magnolia Owners Association (SMOA), and get all owners to formally authorise SMOA to file a case against Sobha for recovering the excess payments made... That may well be over Rs.8 crores (4-5 lacs * 160 apartments) and will pay for the ongoing maintenance of the buildings for many years...
Let me know how the meeting goes...
Regards
The Magnolia Residents continue to be taken for a ride "fullon" and nothing is being done. We cannot simply be mute spectators to happenings over there. I have gotten tired of being voluble in these sites as there is no use other than us exchanging verbose language it falls into deaf ears.
Every possible excuse, denials and delays in completion and handover of Magnolia Property that is the biggest CON GAME going on right now. I have taken possession in Mar09. Regd the flat. Interior work is on expedited pace. But what use? I cant move in May end as I thought.
They promised Mar end power. Then April 15th then 20th. Still no signs of power and elevators. I use the stairs to climb 12 flrs and wanted to do POOJA in April 3rd week again CANT DO IT!
I am just venting what else can I do? I am powerless frustrated and feel wronged and totally made fool of. We are watching and not doing anything.
Friends please come to the occassion and see if we can do something gather with and present with our feet.
In the final analysis I say all the investors, land owners have no interest in fighting. Only genuine owners who want to live there are fighting the nos for these are paltry single digits. So Sobha for all its transparency, honesty, publicly held status does not care a fig for small owners such as me and others.
Please think over the injustice done. It is high time someone pays for this denials & delays and taking responsibility for these and compensating the owners in due ways. It looks are cards are with the builder and we are just living in a Banana Republic with no rights at all.
- Troubled Sobha Magnolia Resident
==========================
Hello,
Fully understand your frustration... Although I am not as eager to occupy the place in May, I am concerned about the lack of communication from Sobha and their inability to forecast anything...
I am going to be in India for a couple of weeks, starting May 01 - partly to get the apartment registered on May 12, but more to understand what else we can do about this....
In addition to the delays, there is over Rs.1 lac of Service Tax that they have collected and over Rs.4 lacs extra they have charged for BWSSB and KEB. In all cases, they are refusing to provide receipts of what they have paid to IT department or the State Bodies... Also they are refusing to pay any compensation for the delay claiming that there were modifications...
I think we ought to formally register the Sobha Magnolia Owners Association (SMOA), and get all owners to formally authorise SMOA to file a case against Sobha for recovering the excess payments made... That may well be over Rs.8 crores (4-5 lacs * 160 apartments) and will pay for the ongoing maintenance of the buildings for many years...
Let me know how the meeting goes...
Regards
Sobha Developers plans to launch high-end apartment project in Bangalore
Even as the demand slump is forcing leading property developers across the country to prefer affordable housing in place of high value apartments, Bangalore-based Sobha Developers is firming up plans to launch a high-end apartment project in the city. The project, which would carry a price tag of about Rs 6,000 per sq ft, will be the first luxury apartment project from Sobha after crisis hit the Indian real estate sector.
According to sources, the J P Nagar project, to come up on 36 acres of land in J P Nagar in the south of the city, will be announced during the present year.
The company also plans to enter the affordable housing segment by announcing apartments in the Rs 25 lakh to Rs 30 lakh range in Coimbatore, Tamil Nadu.
Sobha’s move is in line with the industry trend to announce new launches in select areas and chosen price bands in the residential real estate segment. Availability of bank loans makes residential projects a safe bet for cash-strapped real estate developers.
Unlike other players who have lined up dozens of such project launches during the year, Sobha has decided to test the waters with just two launches in 2009-10.
“We are not in a hurry to announce future projects as our priority is to sell the ones nearing completion. Of about 2,000 flats / villas that are under various stages of construction across the country, Sobha has been able to sell about 50 per cent until now. The company expects to see the balance being sold off by the time the projects get completed within the next two and a half years,” a senior Sobha official said. He added that their projects in the neighbouring states of Kerala and Tamil Nadu are in greater demand than the ones in Bangalore.
Sobha’s plans for new investments come amidst its struggle to manage its Rs 2,000 crore debts. Company officials said the debt repayment plans are going ahead and the company will have no problems in funding the new projects.
“Of the total debts, about one-fourth has to be repaid this year. We are exploring various options, including issue of preferential shares and sale of land to generate the required amount,” company official said.
The company is also expecting a 25 per cent increase in its revenues from contract works for corporates like Infosys.
According to sources, the J P Nagar project, to come up on 36 acres of land in J P Nagar in the south of the city, will be announced during the present year.
The company also plans to enter the affordable housing segment by announcing apartments in the Rs 25 lakh to Rs 30 lakh range in Coimbatore, Tamil Nadu.
Sobha’s move is in line with the industry trend to announce new launches in select areas and chosen price bands in the residential real estate segment. Availability of bank loans makes residential projects a safe bet for cash-strapped real estate developers.
Unlike other players who have lined up dozens of such project launches during the year, Sobha has decided to test the waters with just two launches in 2009-10.
“We are not in a hurry to announce future projects as our priority is to sell the ones nearing completion. Of about 2,000 flats / villas that are under various stages of construction across the country, Sobha has been able to sell about 50 per cent until now. The company expects to see the balance being sold off by the time the projects get completed within the next two and a half years,” a senior Sobha official said. He added that their projects in the neighbouring states of Kerala and Tamil Nadu are in greater demand than the ones in Bangalore.
Sobha’s plans for new investments come amidst its struggle to manage its Rs 2,000 crore debts. Company officials said the debt repayment plans are going ahead and the company will have no problems in funding the new projects.
“Of the total debts, about one-fourth has to be repaid this year. We are exploring various options, including issue of preferential shares and sale of land to generate the required amount,” company official said.
The company is also expecting a 25 per cent increase in its revenues from contract works for corporates like Infosys.
Sobha Developers - Sobha Sunscape offers 2, 3BHK affordable units
The sluggish real estate market seems to have pushed almost all developers to jump into the affordable housing bandwagon. All of them, big and small have realised that this segment has the potential to prop up their sagging business. And they are wooing customers with the promise of offering quality homes for a lesser price.
“In these difficult time, consumers look at the brand name. When established names enter the affordable housing segment, consumers automatically go to them. They believe that these developers won’t compromise on the quality of finished products as well as raw materials and finer details that go into setting up a housing project — tiles, window panes, paint and other outdoor ammenities. It makes sense for top developers to cash in on that,” says Mitali Shairi of property consultants HJ Realtors.
Bangalore-based Sobha Developers has put up Sobha Sunscape, a project with 362 apartments, spread across 9 acres off Kanakapura Road on the outskirts of Bangalore. Till now, the company had been offering projects in the high-end and luxury category including villas, townhouses and cul de sac bungalow projects.
Sobha Sunscape offers two-bedroom and three-bedroom flats for Rs 37.99 lakh and Rs 40.10 lakh, respectively. Considering the prevailing rates, which are over Rs 50 lakh, prices of these units are affordaibe. According to the company, two-bedroom units will have a superbuilt area ranging from 1,276.34 sq ft and 1,317.78 sq ft, while three-bedroom units would have a superbuilt area ranging between 1,374.69 sq ft and 1,562.52 sq ft. The project will have 16 floors ,including the ground floor.
J C Sharma, managing director of Sobha Developers, said the real estate community has to focus on the affordable housing segment if they have to stay in the race. "The correction in the market was inevitable, considering the reasons that led to it, but the Indian real estate sector has the resilience to bounce back," he told FC Estate.
Company officials said that houses in the Sunscape project would be offered with a choice of options for home furniture for the living room, kitchen, bedroom, dining room and bathroom at an extra cost.
The company is targeting professionals who would take advantage of the connectivity factor of Kanakpura Road. Ammenities that Sobha Sunscape claims to offer include a clubhouse, gym, pantry and cafeteria, crèche, a mini market, an ATM, multi-purpose hall, stores, laundromat, clinic, indoor games hall, reading room, swimming pool, basket ball court and a children’s play area.
Kanakpura Road in southern Bangalore is one of the fastest developing areas in the city, company officials said and added that the USP of the project would be proximity to all major ring roads, including Mysore Road, Bannerghatta Road and Kanakpura ring road.
“In these difficult time, consumers look at the brand name. When established names enter the affordable housing segment, consumers automatically go to them. They believe that these developers won’t compromise on the quality of finished products as well as raw materials and finer details that go into setting up a housing project — tiles, window panes, paint and other outdoor ammenities. It makes sense for top developers to cash in on that,” says Mitali Shairi of property consultants HJ Realtors.
Bangalore-based Sobha Developers has put up Sobha Sunscape, a project with 362 apartments, spread across 9 acres off Kanakapura Road on the outskirts of Bangalore. Till now, the company had been offering projects in the high-end and luxury category including villas, townhouses and cul de sac bungalow projects.
Sobha Sunscape offers two-bedroom and three-bedroom flats for Rs 37.99 lakh and Rs 40.10 lakh, respectively. Considering the prevailing rates, which are over Rs 50 lakh, prices of these units are affordaibe. According to the company, two-bedroom units will have a superbuilt area ranging from 1,276.34 sq ft and 1,317.78 sq ft, while three-bedroom units would have a superbuilt area ranging between 1,374.69 sq ft and 1,562.52 sq ft. The project will have 16 floors ,including the ground floor.
J C Sharma, managing director of Sobha Developers, said the real estate community has to focus on the affordable housing segment if they have to stay in the race. "The correction in the market was inevitable, considering the reasons that led to it, but the Indian real estate sector has the resilience to bounce back," he told FC Estate.
Company officials said that houses in the Sunscape project would be offered with a choice of options for home furniture for the living room, kitchen, bedroom, dining room and bathroom at an extra cost.
The company is targeting professionals who would take advantage of the connectivity factor of Kanakpura Road. Ammenities that Sobha Sunscape claims to offer include a clubhouse, gym, pantry and cafeteria, crèche, a mini market, an ATM, multi-purpose hall, stores, laundromat, clinic, indoor games hall, reading room, swimming pool, basket ball court and a children’s play area.
Kanakpura Road in southern Bangalore is one of the fastest developing areas in the city, company officials said and added that the USP of the project would be proximity to all major ring roads, including Mysore Road, Bannerghatta Road and Kanakpura ring road.
Wednesday, April 22, 2009
Sobha Developers - Sobha Magnolia - Incomplete Handover
Sorry for the late posting... But I got to check this AM only as the CRM sent a mail, I had asked them to send a mail to all concerned and I am hoping they did so.
The Magnolia Residents continue to be taken for a ride "fullon" and nothing is being done. We cannot simply be mute spectators to happenings over there. I have gotten tired of being voluble in these sites as there is no use other than us exchanging verbose language it falls into deaf ears.
Every possible excuse, denials and delays in completion and handover of Magnolia Property that is the biggest CON GAME going on right now. I have taken possession in Mar09. Regd the flat. Interior work is on expedited pace. But what use? I cant move in May end as I thought.
They promised Mar end power. Then April 15th then 20th. Still no signs of power and elevators. I use the stairs to climb 12 flrs and wanted to do POOJA in April 3rd week again CANT DO IT!
I am just venting what else can I do? I am powerless frustrated and feel wronged and totally made fool of. We are watching and not doing anything.
Friends please come to the occasion and see if we can do something gather with and present with our feet.
In the final analysis I say all the investors, land owners have no interest in fighting. Only genuine owners who want to live there are fighting the nos for these are paltry single digits. So Sobha for all its transparency, honesty, publicly held status does not care a fig for small owners such as me and others.
Please think over the injustice done. It is high time someone pays for this denials & delays and taking responsibility for these and compensating the owners in due ways. It looks are cards are with the builder and we are just living in a Banana Republic with no rights at all.
Srinivas
The Magnolia Residents continue to be taken for a ride "fullon" and nothing is being done. We cannot simply be mute spectators to happenings over there. I have gotten tired of being voluble in these sites as there is no use other than us exchanging verbose language it falls into deaf ears.
Every possible excuse, denials and delays in completion and handover of Magnolia Property that is the biggest CON GAME going on right now. I have taken possession in Mar09. Regd the flat. Interior work is on expedited pace. But what use? I cant move in May end as I thought.
They promised Mar end power. Then April 15th then 20th. Still no signs of power and elevators. I use the stairs to climb 12 flrs and wanted to do POOJA in April 3rd week again CANT DO IT!
I am just venting what else can I do? I am powerless frustrated and feel wronged and totally made fool of. We are watching and not doing anything.
Friends please come to the occasion and see if we can do something gather with and present with our feet.
In the final analysis I say all the investors, land owners have no interest in fighting. Only genuine owners who want to live there are fighting the nos for these are paltry single digits. So Sobha for all its transparency, honesty, publicly held status does not care a fig for small owners such as me and others.
Please think over the injustice done. It is high time someone pays for this denials & delays and taking responsibility for these and compensating the owners in due ways. It looks are cards are with the builder and we are just living in a Banana Republic with no rights at all.
Srinivas
Sobha Sunscape offers 2, 3BHK affordable units
The sluggish real estate market seems to have pushed almost all developers to jump into the affordable housing bandwagon. All of them, big and small have realized that this segment has the potential to prop up their sagging business. And they are wooing customers with the promise of offering quality homes for a lesser price.
“In these difficult time, consumers look at the brand name. When established names enter the affordable housing segment, consumers automatically go to them. They believe that these developers won’t compromise on the quality of finished products as well as raw materials and finer details that go into setting up a housing project — tiles, window panes, paint and other outdoor ammenities. It makes sense for top developers to cash in on that,” says Mitali Shairi of property consultants HJ Realtors.
Bangalore-based Sobha Developers has put up Sobha Sunscape, a project with 362 apartments, spread across 9 acres off Kanakapura Road on the outskirts of Bangalore. Till now, the company had been offering projects in the high-end and luxury category including villas, townhouses and cul de sac bungalow projects.
Sobha Sunscape offers two-bedroom and three-bedroom flats for Rs 37.99 lakh and Rs 40.10 lakh, respectively. Considering the prevailing rates, which are over Rs 50 lakh, prices of these units are affordaibe. According to the company, two-bedroom units will have a superbuilt area ranging from 1,276.34 sq ft and 1,317.78 sq ft, while three-bedroom units would have a superbuilt area ranging between 1,374.69 sq ft and 1,562.52 sq ft. The project will have 16 floors ,including the ground floor.
J C Sharma, managing director of Sobha Developers, said the real estate community has to focus on the affordable housing segment if they have to stay in the race. "The correction in the market was inevitable, considering the reasons that led to it, but the Indian real estate sector has the resilience to bounce back," he told FC Estate.
Company officials said that houses in the Sunscape project would be offered with a choice of options for home furniture for the living room, kitchen, bedroom,
dining room and bathroom at an extra cost.
The company is targeting professionals who would take advantage of the connectivity factor of Kanakpura Road. Ammenities that Sobha Sunscape claims to offer include a clubhouse, gym, pantry and cafeteria, crèche, a mini market, an ATM, multi-purpose hall, stores, laundromat, clinic, indoor games hall, reading room, swimming pool, basket ball court and a children’s play area.
Kanakpura Road in southern Bangalore is one of the fastest developing areas in the city, company officials said and added that the USP of the project would be proximity to all major ring roads, including Mysore Road, Bannerghatta Road and Kanakpura ring road.
“In these difficult time, consumers look at the brand name. When established names enter the affordable housing segment, consumers automatically go to them. They believe that these developers won’t compromise on the quality of finished products as well as raw materials and finer details that go into setting up a housing project — tiles, window panes, paint and other outdoor ammenities. It makes sense for top developers to cash in on that,” says Mitali Shairi of property consultants HJ Realtors.
Bangalore-based Sobha Developers has put up Sobha Sunscape, a project with 362 apartments, spread across 9 acres off Kanakapura Road on the outskirts of Bangalore. Till now, the company had been offering projects in the high-end and luxury category including villas, townhouses and cul de sac bungalow projects.
Sobha Sunscape offers two-bedroom and three-bedroom flats for Rs 37.99 lakh and Rs 40.10 lakh, respectively. Considering the prevailing rates, which are over Rs 50 lakh, prices of these units are affordaibe. According to the company, two-bedroom units will have a superbuilt area ranging from 1,276.34 sq ft and 1,317.78 sq ft, while three-bedroom units would have a superbuilt area ranging between 1,374.69 sq ft and 1,562.52 sq ft. The project will have 16 floors ,including the ground floor.
J C Sharma, managing director of Sobha Developers, said the real estate community has to focus on the affordable housing segment if they have to stay in the race. "The correction in the market was inevitable, considering the reasons that led to it, but the Indian real estate sector has the resilience to bounce back," he told FC Estate.
Company officials said that houses in the Sunscape project would be offered with a choice of options for home furniture for the living room, kitchen, bedroom,
dining room and bathroom at an extra cost.
The company is targeting professionals who would take advantage of the connectivity factor of Kanakpura Road. Ammenities that Sobha Sunscape claims to offer include a clubhouse, gym, pantry and cafeteria, crèche, a mini market, an ATM, multi-purpose hall, stores, laundromat, clinic, indoor games hall, reading room, swimming pool, basket ball court and a children’s play area.
Kanakpura Road in southern Bangalore is one of the fastest developing areas in the city, company officials said and added that the USP of the project would be proximity to all major ring roads, including Mysore Road, Bannerghatta Road and Kanakpura ring road.
Sunday, April 19, 2009
Sobha Developers - Panchkula to soon have first five-star boutique hotel
Panchkula, satellite township of Chandigarh will soon have its first five-star boutique hotel, The Bella Vista, which will be part of an upcoming shopping mall in City Centre, Sector 5, Panchkula. The hotel project is almost in its final stage and is expected to start by July 2009. Sobha Developers Limited will develop the project.
Confirming the project, Chetan Sood, Marketing Manager, The Bella Vista Shopping Mall and Hotel, Panchkula, said that the hotel is housed on the top three floors of the mall. It has terrace gardens will offer an unobstructed view of the Himalayan Mountains. “A unique feature of this hotel is the six luxury suites, which will have their own private plunge pools and an additional six studios and suites with private, shared swimming pools,” Sood confirms. He reveals that the hotel will have 50 rooms including 12-15 suites; the rest of rooms will be Executive and Standard rooms.
The speciality restaurant for 50 covers and round the clock coffee shop with a roof top garden will offer international cuisines. The banquet and conference facilities at The Bella Vista will provide a venue for business meets and private functions. Other facilities in the hotel include a spa, swimming pool and Health Club.
Confirming the project, Chetan Sood, Marketing Manager, The Bella Vista Shopping Mall and Hotel, Panchkula, said that the hotel is housed on the top three floors of the mall. It has terrace gardens will offer an unobstructed view of the Himalayan Mountains. “A unique feature of this hotel is the six luxury suites, which will have their own private plunge pools and an additional six studios and suites with private, shared swimming pools,” Sood confirms. He reveals that the hotel will have 50 rooms including 12-15 suites; the rest of rooms will be Executive and Standard rooms.
The speciality restaurant for 50 covers and round the clock coffee shop with a roof top garden will offer international cuisines. The banquet and conference facilities at The Bella Vista will provide a venue for business meets and private functions. Other facilities in the hotel include a spa, swimming pool and Health Club.
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