[Resolved]  Sobha Developers — Not returning booking amount of 10 lakhs

In the month of sept 2020 me and my husband book a completed unit in sobha city casa paradiso block-04 we were very happy with the apartment but we also told the sales guy Mr. pandarish P that without home loan we cannot go for the apartment and since iam from northeast state of Nagaland it was difficult for me to get home loan in Bangalore since We are exempted from filing ITR because our state comes under special category but My bank I.e Axis bank gave me a offer of 1Cr for home loan so when the loan executive called I explained to them that I don’t file ITR because we are exempted and my business is just 2 years old so even after this if there is a possibility then I want the loan and they said since it is an Offer from the bank because you are our valued customers, you will get the loan don’t worry that is what the bank assured us.
After a week or so the sobha sales guy called us that we need to sign the agreement so we called our bank to fallow up regarding the home loan and they said it will be done for sure and not to worry so we went ahead and ask the sale guy incase of worst case scenario if We end up not getting the loan will there be any charges for cancellation and he said We have to give up 1% of the booking amount so we were okay with it and went ahead and sign the agreement even without reading it which was a huge mistake from our side for trusting Mr. Pandarish P or should I say it was more like we trusted sobha blindly thinking they are trust worthy.
So after a whole month of running around axis bank, at the end they said it is not possible even though it was an offer because you don’t file ITR and your business is just 2 years, devastated we called sobha and said our loan is canceled and they sobha themselves connected us to L&T housing finance and even they rejected the loan for us so we had no option but to cancel the booking and now sobha is saying as per RERA 10% of the property value we have to pay because we have sign the agreement.
Now tell me from where will I pay so much and not just that how can I just let our 10 lakh go During the pandemics because the bank guy and Sobha made a fool o[censored]s.
Was this information helpful?
No (0)
Yes (3)
Nov 25, 2020
Complaint marked as Resolved 
In process
Nov 21, 2020

Complaint Status

Sobha Developers customer support has been notified about the posted complaint.
Complaint comments  2 CommentsShareTweet


Hi, this seems unusual. I have been a customer of SOBHA for the last 4 years. I know someone in their company and would be able to help you if you could provide me your contact details and booking or customer ID.
Did you receive your money back?

Post your Comment

    I want to submit Complaint Positive Review Neutral Comment
    Sobha Developers
    Customer Care Service
    Customer satisfaction rating Customer satisfaction rating is a complex algorithm that helps our users determine how good a company is at responding and resolving complaints by granting from 1 to 5 stars for each complaint and then ultimately combining them all for an overall score.
    Read more
    Sobha Developers  Phone
    +91 80 4932 0000
    Sobha Developers  Address
    Sarjapur - Marthahalli Outer Ring Road (ORR), Devarabisanahalli, Bellandur Post , ., Bangalore, Karnataka, India - 560103
    View Full Information