Sobha Developers — Cancellation

Address:

Sarjapur - Marthahalli Outer Ring Road (ORR)

Due covid loss & personnel financial issues, i had to step back and cancel my booking. I have so far paid, 13.64 lacs. But sobha as per the agreement states, only 5.65 lacs will be refunded with no time limits.

10% flat deduction + tax deduction which is as per agreement. But this penalty is very very high. Though the flat will be resold, why 10% flat deduction of total flat value.

No proper response from either CRM (or) Sales. There is no rule or restriction to builders on cancellation policy. Builders take it for granted. Even divorce cases they wont penalize this much.

Sobha keeps saying, you have signed an agreement. So you have to go with it. No humane...