Saibya Structures are new to Bangalore. So it is not possible to ascertain their track record. Both their projects SAIBYA SENARY and SAIBYA STERLING are their first ventures. They have a fantastic website but so far as purchasers are concerned that is not enough. Their performance should be good, they should have tie-ups with banks for loans and last but not the least they should be able to provide Occupany Certificates on completion (OC). OCs are not provided by a good majority of 2nd tier and lower tier builders which results in incomplete ownership. So OC is of prime importance. Prelaunch offers by lesser known builders have this drawback. After all nobody wants his or her hard earned money going to nothing.Saibya Structures are new to Bangalore. So it is not possible to ascertain their track record. Both their projects SAIBYA SENARY and SAIBYA STERLING are their first ventures. They have a fantastic website but so far as purchasers are concerned that is not enough. Their performance should be good, they should have tie-ups with banks for loans and last but not the least they should be able to provide Occupany Certificates on completion (OC). OCs are not provided by a good majority of 2nd tier and lower tier builders which results in incomplete ownership. So OC is of prime importance. Prelaunch offers by lesser known builders have this drawback. After all nobody wants his or her hard earned money going to nothing.
SAIBYA STERLING is still awaiting approval.SAIBYA STERLING is still awaiting approval.
Got all documents legally verified for Saibya Sterling. My son Sandeep Sasi has booked a flat there. He got all papers verfied by legal consultants called NEXT LEGAL who are pioneers in matters related to real estate. Their cost is a bit high which is Rs 12,000/-. Yet, it is worth it considering the hassles faced in Bangalore. NEXT LEGAL asked 10 more documents during the course of verification apart from the 350 documents submitted to them. Saibya Structures were only too glad to oblige. Finally, the legal firm gave a "go ahead" signal for the deal.Got all documents legally verified for Saibya Sterling. My son Sandeep Sasi has booked a flat there. He got all papers verfied by legal consultants called NEXT LEGAL who are pioneers in matters related to real estate. Their cost is a bit high which is Rs 12,000/-. Yet, it is worth it considering the hassles faced in Bangalore. NEXT LEGAL asked 10 more documents during the course of verification apart from the 350 documents submitted to them. Saibya Structures were only too glad to oblige. Finally, the legal firm gave a "go ahead" signal for the deal.
My comments to replies
Hi, I am looking to buy a flat in Saibya Sterling. I would like to know more about this builder. Can you please help me to understand more on this.
Saibya Structures is new to Bangalore. Saibya Sterling and Saibya Senary are two of their first projects. The next one in the offing is Begur Road. Being new, there is no previous track record. But they are keen on building a good reputation. Their staff seems to be co-operative. They have promised a clear title with OC and CC which are important. All these would be clearly mentioned in the agreement. Saibya Sterling location is excellent and the project envisages many facilities in one acre of land. It is expected to be completed in April/May 2017. Bank tie-ups for loans are there. Prices are reasonable too. As it is difficult to come across such new projects in a prime location like HSR Layout it could be safe investment considering the frankness and transparent attitude of the builders. Since they would like to earn a good reputation hoepfully, they wouldn't take investors for a ride. There is of course a slight element of risk. But weighing all factors, it is worth the risk.
13th August 2015
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