Sobha Dream Acres – Overview
Sobha Dream Acres – An upcoming apartment complex in Panathur.
Smart design, specialised technology, meticulous planning and backward integration will allow us to deliver this massive project (our biggest ever) with Never Compromise value Sobha is famous for.
Dream Acres is located in the Golden Quadrilateral of Bangalore, This area includes Outer Ring Road (ORR), Sarjapur and Whitefield. Since 2000, this area has become the centre of the IT/ITES business which are the main employers for young achievers, who are the core market for Sobha Dream Series.
This area is also showing signs that it will become another of Bangalore’s entertainment and education hub with many malls and schools being planned and built. Which makes buying a home here even more attractive.
Sobha Dream Acres Configuration
| Unit Type | Size in Sq.Ft |
| 1 BHK | 645 |
| 1 BHK | 656 |
| 1 BHK | 661 |
| 1 BHK | 745 |
| 1 BHK | 936 |
| 2 BHK | 1007 |
| 2 BHK | 1012 |
| 2 BHK | 1210 |
Sobha Dream Acres Location
Surrounding Development
Panathur-Varthur, Thanisandra to be top investment destinations in Bengaluru till 2020: Knight Frank
BENGALURU: Real estate consultant Knight Frank released the second edition of its Residential Investment Advisory Report 2016 in Bengaluru on Wednesday. Identifying top investment destinations in the city, it said that Thanisandra in North Bengaluru and Panathur – Varthur in East Bengaluru would see a price appreciation of 55% and 61% respectively. Expansion of IT / ITes and the e-commerce industry are drivers of this real estate demand in Bengaluru.
Proximity to employment hubs like Whitefield, Outer Ring Road (ORR) stretch, Nagwara and Hebbal are catalysts of price appreciation in these regions. Upcoming infrastructure projects like the metro rail, ORR and Peripheral Ring Road are also factors contributing to demand among home-buyers.
Satish BN, executive director, South India, Knight Frank, said that apart from connectivity to employment hubs, enhanced social and physical infrastructure in these localities also justify their identification. “Since both these locations are also expected to witness incremental employment of over 80,000 employees, they will attract a significant population wanting to settle down nearby,” he said. “Planned infrastructure transport projects like the metro and the Peripheral Ring Road will benefit both Varthur Road and Thanisandra, connecting them seamlessly with other parts of the city.”
Thansidandra, currently priced at Rs. 4,800 per sq. ft, is expected to touch Rs. 7,450 per square feet by 2020. On the other hand, Panathur – Varthur’s current average price of Rs. 4,350 will increase to Rs. 7,000 per square feet. RMV 2nd Stage and Whitefield were considered benchmark locations for North and East Bengaluru respectively
In the last edition of their report released in 2012, Knight Frank had recommended KR Puram and Hebbal as top investment destinations. Samantak Das, chief economist and national advisor at Knight Frank India said, “Our previous recommendations Hebbal and KR Puram have witnessed price appreciation in the range of 67% and 33% respectively during the last three years, markedly higher than the price growth in the city.” This is against the projected estimates of 94% and 91% respectively.Reviewing the same, the new revised estimates stand at 91% and 54% price growth respectively.
Master Plan & Floor Plans – Sobha Dream Acres
Sobha Dream Acres Specifications
Sobha Dream Acres Amenities
Gymnasium
Clubhouse
Swimming Pool
Tennis Courts
Amphitheater
Jogging Track
Badminton Courts
Basketball Courts
Landscaped Gardens
Kids Play Area
Squash Court
Retail Space
Sobha Dream Acres Price
| Type | Size in Sq.ft | Approx. Final Price Including - Car Parking, Taxes & Registration |
| 1 BHK | 645 | Rs. 41 Lacs Onwards |
| 2 BHK | 1007 | Rs. 63 Lacs Onwards |
| 2 BHK | 1012 | Rs. 66 Lacs Onwards |
| 2 BHK | 1210 | Rs. 78 Lacs Onwards |
Call – 9590171171 to Book and Avail Gold Coins
Expert Opinions on Sobha Dream Acres
Sobha Developers are arguably one of the best builders in the country
Major location advantage with close proximity to all the IT hubs in East Bangalore
Sobha Dream Acres is a true value for money project boasting a huge number of apartments
Project is Ideally suited to the requirements of the nuclear families
Connectivity to the airport from the location is difficult
Traffic woes are highly prevalent in the area while accessing Marathalli & Whitefield
About the Builder – Sobha Developers
Founded in the year 1995, Sobha Limited is one of the largest real estate development company in India. It is a Rs. 22 billion company headquartered in Bangalore, having projects spread across 13 states and 24 cities.
Sobha Limited is primarily focused on development of residential and contractual projects. The residential projects include villas, row houses, plotted development, presidential apartments, luxury and super luxury apartments equipped with all amenities such as shopping complex, clubhouse and swimming pool.
Presently, over 35 residential projects are under construction aggregating to 27.32 million sq. ft. of space under development, 18.90 million sq. ft. of saleable space and ongoing contractual projects adding up to 9.50 million square feet of area.
Sobha has constructed wide array of structures for prestigious corporate clients namely Dell, Institute of Public Enterprises (IPE), Taj Group, Hotel Leela Ventures, Infosys, Bosch, HP, Biocon, Timken and more.
How to Book this Property?
Based on 43 Review(s)
127 Comments on "Sobha Dream Acres | Apartments in Panathur"
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Hello Sir,
Thank you for sharing the valuable information …. can you please help on the following queries ?
1. I am planning to take Sobha 1000SFT for investment purpose .How much return we can expect after 5 years ?
2. Do you see any challege w.r.t huge inventory as lot of apartments will come up in few years. Will it create problem to sell my unit in short time ?
3. Varthur road expansion is also on hold .. will it be futher delayed?
4. Railway underpass is with center govt .. what is the expected timeline
5. any water suppy issue for this project as crowd will be high.
6. For quick sell , shall i need to choose Vastu compliant flat in Sobha .What kind of flats can be sold faster?
7. Will it be over crowded i.e. we will hardly get oppertunity to use Gym etc..
8. Is 1000 SFT very small .. so people might not easily convinced to buy ?
9. Which project is good for investment and quick liquidity after 5 years ?
Hi Pradhan,
1. ROI post 5 years would be minimum 40% ( hope so by then the connectivity issue should be sorted out)
2. No, Branded apartments as always have the value
3. As per our knowledge, it is not on hold, due to elections nearing may the work would be slowed down
4. Maybe within 2 years time frame the concern would be resolved
5. As there are 9 borewells currently and with good water table resources, we don’t think there would be any scarcity at least for another 10years time and by then Cauvery supply would be operative
6. It is better to go with vaastu flats
7. 5 club houses is been planned and this concern is addressed in our previous threads
8. We don’t think so, and maybe these size units will be in good demand going forward
9. Contact our team for more info
Hello Harish Sir,
Can you please clarify the following ?
1. Is there any impact of high tension wire for tower 1 to tower 6 . What is the voltage 33 KV ?
2. Due to bigger space .. maintenace cost might be higher . How much maintenace cost is expected for 1000 SFT flat
3. Is it possible to provide power backup for such a large community
4. Will it be over crowded ? does it create any incovinince while using amenities ?
5. Railway underpass might not be expanded .. do you see any possibility ?
6. Does BBMP confirm to shift the garbage location to some other area ?
7. When all 7000 flats will be completed ..till now they just completed 3100.. I think they are selling 300 to 500 flats per year ..
8. Huge inventory in this area .. so price might not be appreciated and easy rental might not be possible.. Please confirm .Even Sobha has not increased the price much.
9. do you suggest this for investment cum end use ( i have max budget of 60 L ). when the flat will be appreciated ? We don;t see the possibility for road construction before election . Once GOVT is changed , then things might change.
10. All having common wall .. do you see any possibility noise pass.
Hi Kshitish Pradhan,
Pl find reply to your queries below –
1. Its More than 150 feet distance far from the towers will not have any impact
2. As per our view, Expected maintenance cost would be appx 2.50 psft
3. Yes, Proper arrangement to facilitate power back up is being executed by Sobha
4. Since the project is of mid-segment from reputed builder and moreover has vast area of 81 acres with facilitating 5 clubhouses in the society which seems to be quite ok and whereas sobha has not compromised with the quality lifestyle
5. Yes, there is a plan and also Rs. 13 Cr has been sanctioned to the same
6. It’s a segregation place and shall be shifted in the near future
7. 2021
8. More sales absorption is from Sobha Dream Acres is Value for Money
9. Good for End-user as well as for investment, since ORR and IT Hub is just 3.5KM good rental returns expected
10. Cant be answered, hope so it will be sound proof.
There is BIG GARBAGE DUMP YARD along with wall of Sobha Dream Acres. with smell and health issue this project will be worst.
do not book in sobha dream acres the diffrent issues are 1. approach road is not good very narrow road 2.the corridor passage is 1.3 mt only it is horrible .3. do not take a risk of booking by the words of clever marketing people if you book and cancel your money is gone 4.the quality of work is not so good if sobha builders name is concerned.5. sobha dream acre people will torture by not responding once you booked.and their startegy is to get your loan sanction delayed so that you will pay daily interest to them.6.the plan is not good it is just like a hotel with narrow corridor.7.think 1000 times before booking once you book you are trapped.
Thanks Dude.. it helped..
Learn that the marketing team mentions an earlier date for pocession,than what’s on the sale agreement .Wouldn’t have mind if it was a few months,but looks like it’s beyond a year.Should be straightforward for a reputed company like Sobha to commit to the date in the paperwork,that their marketing team mentions during property walkthrough.
I had a very bad experience with SOBHA. do not believe any sales person from SOBHA. They may tell you 1% cash back from CP at the time of booking, you will not get that.
But once booking amount given they will never pick your phone, even they will not reply to your mail. Finally you have to accept that you did mistake by booking property.
My CRM was Mr. Pradipta (from orisa ) do not believe him at all. I hope he dont know any rule of SOBHA he may say any thing only to get the bookings. even do not believe addressofchoice.com
Hi Harish Sir,
In which part Bangalore is growing rapidly ?
East Or North ??
1. when all 6800 apartment will be completed ?
2. There is a road in between this project and PLV … where this road will connect in ORR .Do you know the planned date of completion .
3. What is the carpet area in this SD project ?
4. Do you think 6800 will be huge crowd , so lot of noise and disturbance in the campus .Any such big project in Bangalore ?
5. Is Sobha planning any commercial separately near by ?
6. What about the bottle neck of Railway under passage .. Road will expanded to 60 FT .. not sure about this bottleneck , any information on this ..
7. as per the size .. is it overprice ?? how much price is increased since first prelaunch @ 2015 ..
8. Any Graveyard in this project ?
Hi Kinshuk,
Overall if noticed Bangalore’s growth is towards east but in the long run North bangalore area would see tremendous development and growth.
The expected time for completion of Sobha dream acres is by 2020
2. It is of complete govt decision may in another 4-5years time
3. Appx 68 %
4. Yes there would be bit crowded, but this project is considered as affordable segment with quality construction by sobha
5. No commercial spaces as such, but there would be retail spaces with basic needs for the dwellers
6. Indeed sobha is planning and talks with the authority to build the 50 feet approach road from ORR to Panathur by having underpass at Railway junction (where there is bottleneck) but not sure when it may take up.
7. Current price is Rs. 5394 psft and the launch price was at Rs. 4715 psft
8. No graveyard in the project
Hi Harish,
Thank you ..My requirement is for self use + Good appreciation .Means I want to stay till I am in Bangalore , if i am shifting to another city then i should be able to sell faster or get good rental income without much wait or struggle.
As of now i have the following shortlists ..
1. Sobha Dream ( around 60 lakhs )
2. Assetz Cosmos ( around 60 lakhs )
3. Sumdhura eden garden ( we might get bigger room with less price )
Which one will be best for my requirement.
Here is my analysis.
– Better to go for Cat A developer’s project, so in this case Sobha and Assetz.
I am worried for more crowd ..
Though Sobha’s size is 83 acres , but 6800 apartment .. ( per flat = 0.0123 acres ), looks like we can enjoy with in the big campus , what do you feel ? Is there any such big project in Bangalore or India .. we can see the real-time situation.
Even in Assetz also 384 flat in 3 arces ( per flat 0.0078125 which seems to be lesser than Sobha ) . Since the area is small ..no much options for crowd dispersement ) . Will it be more congested ? More 1Bhk and studio .. i am not sure if family will stay in these flats , might be more bachelors . Quality is lesser than Sobha etc , not sure about the reputation in Banglore market , whether they gave OC on time etc..
If ITPL sorrounding has still good rental or new house demands then we can get bigger size (2.5 bhk) with 55 lakhs..
Could you please share your valuable thoughts considering my requirement ?
Thanks
Hi Harish Sir,
Could you please help me with the queries in my last post ?
Thanks a lot for your support and help …. Also I am thinking the below approach , do you think will this be possible ..
Make a group with like minded people and make a group house or apartment so that cost will be less .. not sure if this will work .. please let me know if anyone has executed like this earlier.
Regards
Hello Harish,
I have confusion about Shobha Dream Acres and rohan iksha 3rd phase ?
Can you suggest me which one will be better ?
Ajit
Hi Ajit,
SDA is large scale project with large density and comes with the branded developers known for better quality and finishing; but when compared to iksha, the location of iksha project holds good and with decent quality of construction and low in density, so we suggest you to go as per your convenience in commute and investment range
what about the dumpyard?? Also Sobha had told car parking would charge 2.5 lakhs to 3 lakhs. Now they are saying the price is at 4.5lakhs. Yet I have not been allocated CAR parking and the price can increase based on Customer demand
Hi Harish, You should inform people about BIG GARBAGE DUMP Yard alongwith Sobha Dream acres wall. Buildling 7,8,9,10,11,12,13,14,15 will be HEAVLY affected with this. Resident will have health issues in this project. You should have included this also to all reviewers.
Hi Sandeep,
Yes it was there at the time of inception but it is been 90% cleared now the rest will be cleared in few months time. But the management has assured that by the time of completion of the complete project the dump yard in that area will be shut and shifted to other place.
Hi All,
I have booked a flat in wing 13 in sobha dream acres. Please contact me if anyone of you has bought a flat in wing 13, I am planning to form a community for ease of discussion.
I have seen their modem flat of 1200 sq ft . When asked the actual carpet area that we will get the sales person were to shy to say it. The house looks pretty small. Actual carpet area is around 60% only. Also the complex looks claustrophobic . Not a good layout .
Most of the time, it’s a compromise in a city like Bangalore. The apartments are congested with no open spaces around. I came across Sobha Dream Acres recently, a project which is spread across an area of 81 acres. With 80% open spaces, this surely is a project worth its money.
IT IS JUST WORST PLAN BUCWAS PROJECT
On Sobha Dream Acres website, it was written that they are fully backward integrated. I did not know what it meant. To know backward integration properly, I visited the Sobha Dream Acres precast factory. They explained, saying, all the elements needed for a home were being manufactured by them. This gave them better control over the quality of their project.
In all the major cities, the common problem I have faced is living in congested apartments. It is different in Bangalore though, as Sobha Dream Acres is providing 80% of open spaces.
In all the major cities, the common problem I have faced is living in congested apartments. It is different in Bangalore though, as Sobha Dream Acres is providing 80% of open spaces.
The project is set back from the main roads and so makes for nice, calm surroundings. It is close to everything and so very convenient. This project is just ten minutes away from Sarjapur-Marathahalli ORR, and Whitefield. Forum Value Mall and Central Mall too are just around the corner.
Recently, I read an article on the internet which stated that construction companies in India are switching to precast technology. After a little research, I came to know that Sobha Dream Acres has adopted precast technology for their entire project. I got in touch with them and learnt that there are a number of benefits for homebuyers from precast homes, both financially and structurally. So my wife and I went ahead and invested them with.
I was looking for a good home close to Whitefield. Upon my friend’s recommendation, I landed up on Sobha Dream Acres website and had a chat with their team. I then visited their office near Varthur. We had a very good discussion. I decided to invest with them, because I had found a good home which is both close to my children’s school and to my office in Whitefield.
They are handing over one phase in 2019, but they have taken almost more > 50% amount from me for that. They ask for payment request checks many times in a month, out of that if you try to pay first installment before its due date and lets say bank somehow because of holidays or some confusion or for any other reason payment gets delayed by bank even for a day than due date, then Sobha calculates interest on whole amount (where there are still 15 days for second installment due date and Soba calculates interest on both installments even for a day also and add it as debit amount from your account calculations). And they keep asking checks multiple times in a month. Think before you invest in Sobha! Big name is not always the RIGHT!
Hello Harish,
I am stuck between Shobha Dream Acres and Bren Champions Square. Which is the better alternative?
Hello Harish,
I am in a fix between Shobha Dream Acres and 2BHK at Bren Champions Square which is due for possession only in 2019. Could you share which would be better option?
Hi Dinesh,
You can opt for Sobha Dream Acres. Good Brand, Large Community and future development of the zone will be good.
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
I have been a part of Sobha family for a while now. There hasn’t been any issues from their side. Great customer support service as well.
Could any one please throw light on the GRAVEYARD near by Sobha Dream Acres.
I have booked a flat a week back and was not aware of this.
Also, could someone please share the info on the water table.
One of the most positive thing for this project is it’s affordability. Sobha dream acres suitable project for middle class nuclear families with affordability in mind. Good accessibility project to all majors IT corridors in Bangalore east with nice amenities and lots of open space.
Hi Harish,
Planning to buy a 2bhk of 1000 sq ft. But heard that possession date is in 2020 June. But marketing 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, My friend too had the same doubt regarding the delivery of the project. Before booking, we had visited their site and had seen their precast technology. Its an amazing technology and this has already been used in many countries.The work is really moving at a fast pace. And we too, were satisfied with their work. After a good amount of time spend on research, my friend finally booked his apartment. And now he is really happy with his decision
Hi Amit,
Yes, its possible with precast technology and in fact, they have started delivering few blocks for possession too.
Hello Harish,
I have lot of questions about the Sobha Dream Acres project. I have already booked an apartment in phase-1 and now I am skeptical.
1) Approaching road is very narrow and crosses under the railway bridge. They have told that the CBD plan is there and they are making a road next to Croma which will join the other railway underpass. Is this true?
2) Storm water drain or Nala is passing near the phase-1 wings. I went on Gandhi Jayanti and foul smell is coming. In the project this is the most highlighted area in all videos and pictures. Sales team confirmed that the landscape will be created and this is most greener and open space in the project. Is this true?
3) Space between the 2 flats in a building is very narrow aroung 4.2 ft.
Hi Abhishek,
Yes as far as we know there would be new approach road next to croma
2. The current nala is not maintained yet by M/s Sobha Developers, When phase 1 gets completed there will be landscaping done either side of the storm water drain and this could happen once the project is completed
3. Yes considering the actual usage area in the apartment the Project emphasis on highest carpet area, so the difference and also the project is not premium segment from sobha developers it is of nuclear family concept.
Hi Harish, I booked 1BHK( 745 sqft – 5294/sqft ) in Sobha rain forest project . After booking I heard lots of bad reviews about this project. Now I am feeling skeptical about it.
I need an expert advice whether to go for remaining payments or not. I dont have much time in hand.
Hi, I have been a customer of Sobha Projects for a long time, I never had problem after booking. What they promised, they will deliver. So what I could say is you can trust the brand Sobha.
Hi Ashfaque Khna,
Mixed opinion are common with all the residential project. Don’t worry, Your investments are with safe hands and Sobha Developers are known for developing quality projects. I suggest you to make remaining payments.
Harish,
Would you suggest between Sobha Dream acres and Assetz Marq and SNN Green Bay ….each at different locations in the city .
Investment purpose
Hi Kiran,
Assetz Maqr would be an ideal choice for investment.
DId any one booked other apartments in that area, I checked out few they were much less than Sobha but they are not that reputed though.
I booked in Samruddhi Winter Green in the same area (much before sobha towards ORR)
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
Bothy 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.
The definition of Carpet Area as per builders is different than what we presume:
http://www.credai.org/code-conduct
“Carpet Area, as per CREDAI definition, shall mean the area arrived at by deducting the areas of core thickness (i.e unplastered thickness) of all the outer walls from the above defined Built Up Area.”
Carpet Area = Area of the apartment – Area of exterior walls of the apartment
= Area of all rooms, between walls + Area occupied by interior walls.
I think the reason is because there goal might be to provide maximum space inside to feel more comfortable. I prefer more space inside than outer space
In the name of Sobha they are giving Corridor of 4.2 feet… before booking get a measuring tape and measure the corridor width. ask yourself if you have seen a corridor width of this small space in any apartment till date.
7 000 flats will make the space really crowded… not a good floor plan too..
i want to sell my 2 bhk (1205 sqft)…if anybody is interested then please please reply here.
Hey, I get what your talking about, I have seen many other projects like this, others will give specific corridor space, the corridor space you have mentioned in your comment, I believe it is very spacious and comfortable space.
Hello I’m planning to buy 2bhk. Can you please contact me on my number. I’m planning to buy it anyhow
Mobile 7259886533. Ankit nagpal.
I’m planning to buy 2bhk
Could you please me: 7259886533
Please call me @9945062559
hi harish, I also booked a flat in sobha but after reading reviews about narrow road and a a varathur lake condition iam totally upset in my decision.what about ur opinion is there will be a positive change , sobha team said there will be a road from the backside of the project to horizon college through prestige sunny side is it correct? if so how it will help us without crossing varathur lake.is varathur lake water will effect underground water of shobha dream acres I think it is only 2kms away from this project please help me to clear my queries
Hi Suchithra,
Yes, once the project is completed, there will be approach to the project through New horizon – sunny side area. Varthur lake water will not effect underground water…besides, Project will have treatment plants. Please don’t worry.
My first investment was in a flat built by them a few years ago, after my cousin’s Suggested Sobha to me. To be honest, I have never had any kind of issues with Sobha, be it on- time delivery, quality promised or their pricing.So Suchithra, all your doubts can be put to rest , as any pending issues will be solvedbefore delivery.
Hi Harish,
I have been evaluating Sobha dreamacres vs Prestige Lakeside Habitat. I am considering it for a self use and investment. Kindly help by providing an objective view on which project is worth our hard earned money?
Thanks!
Hi SV,
Prestige Lakeside Habitat will fetch better ROI in long run when compare to Sobha Dream acres. This is mainly because of its concept and configurations.
sobha is a brand name, sobha halcyon is the one of the best projects compare to all projects, i wanted to book one flat but cost is too much, how you feel about the area, also there is a narrow road infrount of the project, is there any appreciation after completion ? and how much rate after 3 years ?
Hi Jitesh,
Its worth investing in halcyon reason being BDA properties / Apartment complexes which are near to project will further boost infrastructure. You can expect 10 – 12 % Growth rate.
sir, I wanted to know about sobha halcyon, everything is good, but the project is bifericated in two parts, is there any problems recidents facing ?
Hi Jitesh,
Sobha Halcyon is one of the premium development from Sobha Developers with all the clearances from Govt authorities . Instead of launching two different projects. Builder has planned to launch it in a single name.
Hi Harish. This is very informative. I have one query regarding water there.
Location doesn’t look to have BWSSB water supply yet, I understand that is still developing.
Areas in vicinity are also not having water connections like Panathur.
In case you know, could you let know if BWSSB is planning to provide water supply considering the volume of families going to live/no of projects in that area by 2019.
Hi Prasad,
Water source is basic for any project and Without the the NOC from BWSSB, Builder cant start the construction. As per the Building Code of Conduct Builder are not suppose to use BWSSB water for construction and thats the reason BWSSB supply water will be provided after Occupation certification.which is during possession time. besides, there will water sustainable measures are mandatory for any project across bangalore.
Below statement found in this review is the joke of the CENTURY!!!
In terms of the water table, Varthur has an excellent supply of water thanks to the lake it is home to.
Hi Harish… What are the best projects in Bangalore based on only ROI?
Hi Ritesh,
Bharthiya City, Prestige Lakeside Habitat, Sobha Silicon Oasis, Hiranandani Hebbal, Plots in Devenahalli are ideal for better ROI.
I have heard there is a graveyard nearby. Is it tru
Yes Thats what I heard and people saw a lot around that area looks like mostly they are razed down
Hi Harish…. We had got the project in Thanisandra Provident Harmony as investment… We got a nice appreciation for the price we had bought ….Now planning to sell it and invest in Sobha aspiartional homes….The posssesion of Provident Harmony is within 4 months and will start yielding rental income….whereas Sobha would take atleast 4 years from now…. what according to you would be a wise idea to keep Provident or to sell it and buy in Sobha dreamacres from purely investment point of view. Thanks.
Hi Sanjay,
Both are ideal option. ROI Would be same in long run.
i was also looking for any houses within this range and that also offer 2 balconys..Any suggestions?
Is this still available..and when is the construction starting..and you mentioned that the occupancy is beginning 2019?
i was looking for a decent 2BHK and this seems to be pretty good one.>Can you suggest any good options in this range which is within the city’s vicinity like this?
Hi Gomtesh,
Yes, Its available for sale.
Hi Harish.. I have been following your website for quite a long time. I must say you are doing a commendable job. I am half minded in investing for this project. This would be only for investment purpose or good rental income if I am not reselling it. I have been to the site yesterday & met the Sobha team. The price for a 2BHK large comes about 70L incl registration. That makes it around 5785 psft. ( 7000000/1210). My point is that as per you if we are getting 6000-6500 in 2018/19 for this this does not seems to be a good ROI i.e 72.6 to 78.6..
What are you thoughts on this
Hi Bhuwan,
Price per sq.ft should not be calculated on full amount. Rate Increases over period of time on base price only. Basically, You need to Calculate in this way ; Current Price Rs.4780 + Other Charges . 2018 Year Price Rs. 6000 + Other Charges. Difference will be Rs.1220 / Sft ( Profit )
Hi Achar/Bhuwan,
Profit you said 1220 ? by 2018/2019. But if you calculate Rate of Interest that you already started paying from booking time to possesion of your total amount will be more than your profit 🙁 In this case where is the profit ? it’s all like business and likely of individual decision. Nobody telling when the road completion will over. In site they showing basic price budgetable, where the final cost looks like premium cost.
Hi Harish…By when is the road expected to be widened, though the approvals are there but any idea by when widening is expected to be completed.
Secondly, five phases which are there planned in the project, how long it will actually take for the builder to complete. Also if there is dip in demand, project may go slow and will it not create trouble for people who will start living there after possesion is given in 2019, like the way it is happening in Adarsh project wherein even after 7 years all the phases are not complete and the residents who have started living in initial phases are facing problems because of construction going on in the campus.
Hi Smriti,
Construction methodology of Adrash & Sobha Dream Acres is total different. Sobha has adopted Pre Cast Construction Methodology for this project. The best part of this methodology is Faster, Stronger & High Finishing Quality. So, Adarsh case study wont apply here. Road widen work is pure decision of Govt Authority. Usually Govt start the work when they witness more traffic / Once the project is near to completion.
Hi Harish…can you please suggest the best project out of ROW, PLH and Sobha Aspirational Homes? or any other as an investment option? Thanks..
Hi Hari,
Incase if you are looking at 3 BHK i suggest you to consider PLH / ROW. If its 1 / 2 BHK Sobha Aspirational Homes Would be ideal Choice.
Hi..I have given 1 flat as option to book under expression of interest .But I noticed that my flat will be facing towards the high voltage electric polls.So will it be a problem for me in near future.If yes ,any idea when the booking in other phases will be started,so that I can wait for the same .
Hi Debashis Mallik,
Electric wires which are passing are not High tension. These are regular lines, which we usually notice in front house or office. These are not harmful. Besides, the distance between blocks and wires are approx. 300 Mtrs. So don’t worry. New blocks will be released at higher price.
Why is it that the name of the project being changed multiple times by Sobha? Earlier it was Sobha Green acres, then changed to Sobha Aspirational Homes and now it seems again changed to Sobha Rainforest. Or these are different project at a same location?
Hi Dev,
Since from the beginning Project name was Sobha Aspirational Homes. People has got confused because of block names.
Completion of the phase 1 called Rain forest will be completed in 3.5 Years. Other phases which total 5 phases will be completed in one year later respectively.
Expected Appreciation 6500 in 3.5 Years.
Hi Harish,
What is the tentative time of completion of this project. I have hear about the completion time of 4 years? would the entire project(6k Units) be completed in 4 year time?Is it a good project to go for from investment as well as living perspective?Thanks.
Parag
Hi Parag,
With the help of Pre Cast construction technology, Sobha is planning to hand over the project much before 4 Years. Yes, project is equally good for Self living and Investment.
Hi Harish,
I have heard a lot of positive reviews about this project. Can you please suggest if Its a good bet for investment?
Thanks,
Rohit
Hi Rohit
Yes, you can consider it.
Hello Harish,
As Floor plans are little small. How much carpet area can be expected?
I read a lot negative comments about this project. People are very much concerned about the project location, overpricing, narrow road, poor floor plan, too many units etc. Could you please suggest me if its really a good property to buy in both terms investment and self use. What price appreciation you see after 5-6 years. Thanks very much in advance !! Appreciate your help and guidance !!
Hi Swapnil Jain
The location is called as Golden Quadrilateral as it connects to Panathur, Whitfield & Varthur, Marathalli and Sarjapur so Road widening is proposed will happen. As Sobha has come up for the first time in catering to budget housing requirements, the floor plans and units planned are according to the affordable segment. Also, they have already sold 400 + units in the project which tells you about the demand. The project is good both in terms of Self Use and investment. Floor plans are subject to individual liking.