Has any one done a legal check on this project? Which banks have approved this project?

Ananthakrishnan Krishnasamy, Apartment Resident

9th October 2013

Builder Review in Sowparnika Sanvi, Whitefield, Bangalore

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Replies (22)

Could you please help let us know when Sanvi Phase 2 project was started (month and year), also please tell me project start month and year for Sanvi Phase 1.

Ambar, Apartment Resident

8th August 2015

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Hi Ambar, Have you booked a property in this project? How about the construction quality?

Pratik Khandelwal, Bangalore

12th August 2015

Get the documents from the builder and get an opinion from your lawyer; if satisfactory, go to a bank (preferably the one that approved the project) for a loan. You could ask the builder for all the details you require. They should be helpful from the accounts one reads of them online.

Jessi, Bangalore

6th August 2015

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Couple of premium apartments @ best price in Phase 2

joshwa, Apartment Resident

6th August 2015

Approach the builder and get the details of the project approval. If the project is approved by a bank, you could go there yourself for a loan. Try to find out if other buyers have got a home loan and approach those banks for a loan and it should be easy. The builders will provide you with these information if you ask
Them for it.

Maha Karthi, Bangalore

4th August 2015

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Hi Maha, It was told to me that the project has got approval from BBMP and bank like HDFC , Axis, LIC Housing Finance Ltd, State Bank of India, Indiabulls, DHFL and ICICI. Have you check with any of these banks

Vaibhav Bhatnagar, Bangalore

4th August 2015

I guess you should get a loan from one of the banks that has approved the project. Banks usually check for legal clearances and title before approving. When you go for a loan, theyll check this first and then proceed.
One of my friends is invested here and he referred me too. I am currently thinking of buying a property here.

Antony, Bangalore

28th July 2015

Comment

The land is A Khatha and hence there are no legal hassles as such. OC can be obtained quite easily I guess. I like the project and the flats are pretty good. Planning to invest here. Expecting the price to soar once the construction is completed. The area is pretty good and is set for development IMO.

anand, Bangalore

16th July 2015

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Hi Anand, The land is A Khata what about the apartments . OC can not be obtained easily if there is any kind of deviation in the project.

Sukumar Gupta, Bangalore

23rd July 2015

Hi Sukumar, The land as well as the apartments will have A Khata. Investing in Whitefield will definitely fetch you good returns.

Rajkumar, Bangalore

23rd July 2015

Hi Sukumar! I meant to say that if all the NOCs are in order, the project has A Khatha and there are only allowed deviations, OC is easy. It may take a bit of time as it happens for all projects, but it is sure to come.
Talk to the builder and legal experts before deciding upon anything?

anand, Bangalore

8th September 2015

Sure!! Thanks for your valuable comment. Will talk to the builder once I am in town

Sukumar Gupta, Bangalore

15th September 2015

My Feed back: I am trying my best to give a very neutral Feedback.

Land: A Katha or better to say it has proper Katha and legally clear.
CC : Really does not make a lot of sense , Commencement certificate, most mediocar builders have it.
OC : Very important , there are Deviations from sanctioned plan, no written commitment (means ??)
Road Access : Visit the site , Phase 1 Good, Phase 2 OK ist through Ph 1
Price : Very very competetive, one of the best deals.
Brand/ Ethics / Compeletion date/ After Service/ Alterations : Better than many.
Quality: Structure is very very good and very sensible ,finishing Quality is ok.
Location : Is there a place better than whitefield for appartments.

Thank you , have a good time
Joshwa

joshwa, Apartment Resident

5th October 2015

@Joshwa. Thanks for the elaborate explanation. What is your take, is it a good idea to buy a property without OC?

Sukumar Gupta, Bangalore

14th October 2015

Hi All,

i am planning to buy flat in Sowparnika Sanvi, Bangalore, as i visited their site yesterday, apartment seems good, but location and connectivity from main road seems bad , specially kachha mud road that connect to chansandra main road.

also as per forum discussion it seems they are not giving OC & A-Khata and as per their plan they are asking 1.5 Lakh for A-Khata.
is they are mention OC in agreement?

That will be great help if you can give your valuable opinion,

Please reply.

Thanks in advance.

Regards
Rajendra Gulati

rajendra, Apartment Resident

26th April 2015

Comment

Hi Rajendra, If the builder is giving OC then it should be mentioned in the sale deed and regarding Khata, land is A Khata. Not sure whether the builder is going to provide A Khata for the apartment as well. Better you take advice from legal expert and cross check all the documents

Neeraj Rao,

29th April 2015

Hi, I am planning to book flat in sanvi .... in Ph2.. may i know which Khata this property belongs to Khata A or Khata B.

Uday Chakrvarty

Uday Chakravarty, Bangalore

15th April 2015

Comment

Land is A Katha, Please check with a lawyer , In Ph 2 there are some other concerns u need to look in , check with a lawyer. Land is clear as far as I know. Ph 2 is G+4 !!! check that ,it might be a concern.
Quality of construction is Reasonable go and visit the worksite. U will come to know better. You will get good deals in pricing

joshwa, Apartment Resident

22nd April 2015

Hi Joshwa, How much they are currently quoting rate per sqft in Phase II? When they are going to give the possession for Phase II?

Pratik Khandelwal, Bangalore

24th April 2015

Recently I have inquired about the project and it was told to me that the estimated possession date of the project is by another 24 months. The present price per sqft is Rs 3500 and the price of the apartment starts from Rs 43.53 lakhs. For blocking an apartment you have to pay Rs 1 lakh

Sagar Prasad, Bangalore

24th April 2015

Hello all , I am not in the association yet.
Current status : 1 Lac for the road opening is demanded extra which is un ethical.
There is no OC from the builder since there is a deviation of 15 % from the approved plan.
I am still not a member of the association. Some one from association can update about the project too.
Thanks Guys.

joshwa, Apartment Resident

12th January 2015

Comment

As you said that there is 15% deviation from the approved plan and Oc is also not provided, then I feel it can be risky to invest in this project.

Tejesh Kumar, Bangalore

12th March 2015

OC can be obtained by paying penalty, its very difficult to construct with out deviation.
But the penalty amount has to be born by the Flat owners. Deviations up to 50 % can be cleared and be issued OC.

joshwa, Apartment Resident

8th April 2015

Is the builder not providing Occupancy Certificate and what is the status of the project?

Anthony, Bangalore

11th December 2014

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Joshwa, out of all buyers none of you are talking about Occupancy Certificate. Really, strange because that is the only valid proof with you in future to secured your present deal from local authority. Best of luck

jagadish,

4th December 2014

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Be very cautious in dealing with this Builder . They are absolutely unfriendly to the customer. Hiding information , taking unilateral decisions and only and only Money grabbing attitude. Now they have started asking for 1 Lac for each of the customer for Back Gate. Back gate was planned from DAY-1, Marketed the property showing BackGate. Now they are randomly asking for this which is absolutely ridiculous, illegal and disturbing for all customers. They are again violating one by not providing Amphitheater which is part of sale agreement. They did just an eye-wash by putting some cement-bench in children play area, reducing the overall green space. Also Occupancy Certificate which was promised and legal they are having honky-dory extremely casual approach, also saying NO sometimes. In the name of budget housing don't fall prey to this builder. Eventually you will land in paying more by having more maintenance in long run with poor construction quality. Be Careful.

John, Bangalore

18th October 2014

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Hi John
My name is Surbhit & I am owner of a flat in Sowparnika Sanvi & facing the same issue. Let me know if we can connect through mail, my email id is surbhit.ece@gmail.com.

Surbhit Bhatnagar , Apartment Resident

18th November 2014

Facing same issue!! Lets bring it up together so that we can do something instead of falling for these tricks!! My email: kanchi700@gmail.com

Kanchan,

25th November 2014

Yes you are correct John, buying a flat with OC is really illegal. Now what steps are you guys plan to do so that will also join you...

jagadish,

4th December 2014

You can join the Commonfloor Group, of Sowparnika Sanvi, Bangalore by clicking on this link http://www.commonfloor.com/sowparnika-sanvi-bangalore/povp-tqe5rr and http://groups.commonfloor.com/ and get in touch with other owners who have already booked a flat in this project and discuss about the same.
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CommonfloorAdmin,

11th December 2014

Hi I am planning to book a flat here. Is the property mortgaged?

Utsav Garg,

29th August 2014

Comment

Yes, almost all projects are mortgaged by a bank.
Sanvi is mortgaged. Kindly do a legal check with a lawyer. It will cost Rs 5000 to Rs 10,000. You will be happy and peacefull at end of the day.

joshwa, Apartment Resident

29th August 2014

Hi Joshwa, Can you please share which banks are providing home loan for Sowparnika Sanvi? Will it be wise to buy a property in this project for investment purpose?

Lewin G,

8th September 2014

Hello Lewin , Investment wise its good. The price is very reasonable. The property is priced much below the capital values. You will get a good deal. Investment is good from rental point of view. Resale its ok i wont call it great. One good point in this project for those buying or investing in PH 1 is the price of the project has remained stagenent for the last 2 yrs because of a bad acess road. Now the road issue is resolved.The project was launched at Rs3200 and even now you can close the deal at a price near to it. I cannot disclose the closing price in forum ,sorry for that.
The phase 2 is planned to be launched very soon. The price is high. I can help you out personally.
But kindly do visit the site, check the appartments, acess road and also the legal. I am not a builder i own an appartment in Sanvi.
Happy buying guys. good day

joshwa, Apartment Resident

24th September 2014

Hi all I have purchased a flat of 1036 sqft in 1st block and my expectations are limited and I was happy till last week the builder has started begging for 1lac!!!! Contribution from existing customer for backgate road ,which is bullshit

Arnab Roy,

17th July 2014

Comment

Hi Arnab Roy,
have you enquired with builder anything about the backgate progress ?? When i had checked the site i didn't see any progress in the backside gate. Do you have any information regarding this ?

Suri, Apartment Resident, Bangalore

29th July 2014

Hi Guys!! I am planning to buy a property from investment point of view. But before investing I need feedback about the builder as well as the project.

Madhav Deb, Bangalore

29th July 2014

Price revised....
Hello Omar,
Yes i do own an appartment in sowparnika sanvi, 1186 Sqft , 1st floor, 1st block.
I recently came to know the price has been revised and thats serious... 3500 PSF ...
This means the probability for a new access road is getting higher. I cross checked the price yes its 3500.
It was revised from 3300 -3500 , but there will be negotiation , i hope so. Omar if u r looking forward to buy out here , y dont u take a call.

joshwa, Apartment Resident

2nd June 2014

Comment

HiJoshwa, Yeah I have called up the marketing guy and I am planning for a site visit this Sunday. If everything goes well I will book one flat. Thanks for the reply :)

Omar Khureshi, Bangalore

6th June 2014

@Joshwa, Thanks for updating us about the project. Have you booked an apartment or planning to buy one?

Omar Khureshi, Bangalore

30th May 2014

Comment

Road Opening !!
Hello Guys, sowparnika team is conveying about a front road which will provide access to the project.
As of now every thing is in discussion phase, the estimated cost is nearly 3 cr. They might come up with this in phase 2 , which the builder will start in late 2014 or early 2015.
Possession date recently conveyed is nov / dec 2014 . and that is what is conveyed by builder.

joshwa, Apartment Resident

26th May 2014

Comment

I've heard no approval from SBI and it is not PNB but PNB HFL,, has any one legally verified this project?

sanviarul, Bangalore

18th May 2014

Comment

SBI has not approved the project but u can avail loan from SBI, you have to submit the docs to SBI they will do the legal check and then grant loan. LIC HFL ,ICICI, HDFC have already done legal validation from their side and loan disbersment is feasible within 15-20 days. There is a slight difference between "approved by the bank and availing a lon from the bank" , its basically about processing time, if project is already approved by bank it takes less time for loan disbursement, for applying loan from a bank like SBi will take 3-6 mts. :) good day

joshwa, Apartment Resident

26th May 2014

@ Mr.Omar Khureshi,
The possession will be happening anywhere in between Aug-Nov , Majority of the approvals are done ,legally its clear.
The location is great, but neighbourings are not good ,the front side. Considering the price they offer at , its a good buy.
For settling down in there permenantly , i wont recommend. But for investment & Rentals its an excellent buy.
Check for the price if u get a good deal , go ahead.

joshwa, Apartment Resident

6th March 2014

Comment

They are planning to give the possession by end of this month. The project is known to be approved by BBMP and by all the leading banks like SBI, PNB, LIC, ICICI, Axis, HDFC, DHFL etc.

Murali Krishnan, Bangalore

6th March 2014

Comment

John , majority of the points are correct.

1. The gate in the front is the only entrance , i don't think there is a second gate.
2. There are no premium apartments there , i mean outside facing apartments, its too big a mess now, i had a look.
3. When phase 2 comes up all gets closed up. Lot of promises where fake or goofed up.

My final evaluation is thumbs down .

joshwa, Apartment Resident

23rd February 2014

Comment

@Joshwa, Have you booked an apartment in this project? When they are planning to give the possession of the project and what about the approvals?

Omar Khureshi, Bangalore

6th March 2014

They are now opening the back gate and making it as a Front and main entrance (40ft wide road). The existing front gate will become the back gate.

The sales personnel confirmed this yesterday and he also gave me an idea of the modified plan. Amphi theater will be shifting to the existing front gate (in future -back gate). I will be going next week to check the progress on the same.

Anish, Apartment Resident

15th May 2014

My relatives has booked here, they are not happy .

1) Initially it was told (from brochure) there would be a gap of atleast 5-10 ft in between blocks now it is constructed, to the surprise not even an inch between 2 blocks, walls of each block constructed back to back making it crowded, poor design and back tracking from customer promise.
2) there was a promise to provide a 2 gates , one is front gate , other is back gate. Back-Gate still they are considering (so late ? and still considering whether to provide or not ) front gate Road is very narrow (10 ft) which is getting used by Village people + 400 - 600 extra family from other builders (Radiant + 3-4 small builders) + Sanvi Phase1 (200 families) + Sanvi Phase2 (Going to be announced ) .. This is going to be chaos, absolute inconvenience for transport, water tanker to Place and other civilian needs . Personal recommendation is till they clarify (in writing) , please refrain .
3) Check the Quality of material and brand

John, Bangalore

23rd February 2014

Comment

Hello,
A Brief about Sanvi.
Positives:
Legal is OK, The builder has a decent record in construction.
The price is very aggressive and location is good in bigger picture.
Many high end projects are coming around, so at this price is a good investment.
Things to be looked in.
There is a small patch where villagers are staying, and the fact is that the patch is in the middle of all the happening. Currently for sure it docent look very good.
Sowparnikas amenities are not the very best and an incur delays.
There might be a delay of 5-6 mts in possession not more.
Joshwa

joshwa, Apartment Resident

26th October 2013

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