Tumkur Road is a nice locality, it is a good choice of investors as industrial development pushes up appreciation of land and it lead to better connectivity by buses and public transports.
Sovereign Sonaa is located Opp. to Parle-G factory, behind Kennametal Widia off Tumkur Road, Yeshwanthpur (Hobli). Manjunath Nagar metro station is hardly 800 mts away from the project. It is just 5kms to the railway station.
The project is still under construction and the estimated possession date is by 2016. Banks like HDFC, Axis, LIC Housing Finance Ltd, State Bank of India, Indiabulls and ICICI Bank have approved the project and the builder is going to provide A Khata.
The base price of apartments in this project ranges from Rs 42.90 lakhs to Rs 1.13 crores approximately. Location advantages are as follows: Metro Rail Terminal - 0.3 km
Bangalore International Exhibition Centre - 1 km
ISKCON Temple - 4.2 km
Railway Station: Yeshwanthpur Railway Station - 4.5 km
Yeshwanthpur Bus Terminus - 4.2 km
Indian Institute of Science - 5.5 km
Few months ago I have inquired about the project and the concern person told me that the project has been approved by BBMP and all the leading banks. How come suddenly the construction work has been stopped. Is there any legal issue?