About Sobha Dream Series
Sobha Dream Series is a new value homes project by Sobha Developers located at Balagere, Bengaluru. Sobha Dream Series is one of the largest developments of Sobha. The project has a total development area of 10.26 mn sq. ft and total SBA of 7.57 mn sq. ft, set on a land area of 81 acres. It will offer approximately 6000 units with a choice of 1BHK, 2BHK units with unit sizes ranging from 650 to 1500 sq ft. The pricing of the project is expected to start from Rs.30 lakhs.
Sobha Dream Series is located in the midst of the four major roads namely - Outer Ring Road (ORR), Marathahalli Road, Varthur Road and Sarjapur Road. The project is expected to have good popularity given that it’s the first project from Sobha Developers catering to the mid-segment residential market.
Project Analysis of Sobha Dream Series
- Approvals status: Got all the Approvals
- Demand Analysis: The demand is moderate due to its interior location with limited social infrastructure. The main commercial or employment centers nearby are on Marathahalli Outer Ring Road (ORR) and Varthur Road (connecting Marathahalli and Whitefield). Since Balagere is connected to Marathahalli ORR via Panathur Road the expansion of residential projects from the initial stretch of the road towards Balagere and Varthur can create demand. However, this stretch has numerous upcoming projects which can pose competition and provide more choices to buyers
- Amenities: The project is expected to have all amenities like 5 clubhouses, Indoor and outdoor games, Children’s Play area, Jogging track, Parks, Swimming pools, Super market, ATMs, Commercial Area, etc.
- Special attractions of this project (USP): Sobha Dream Series will be developed with pre-cast technology, where the process of mechanization helps to reduce the delivery timelines.
Payment details of Sobha Dream Series
- Payment Plan:
- On Booking: Rs. 300000
- Payable within 30 days of booking(less booking amount): 10%
- Payable within 30 days of Payment request letter: 20%
- On Completion of Lower Basement Roof Slab: 8%
- On Completion of first Floor Slab: 8%
- On Completion of fourth Floor Slab: 8%
- On Completion of seventh Floor Slab: 8%
- On Completion of tenth Floor Slab: 8%
- On Completion of terrace Floor Slab: 10%
- On completion of internal flooring in all apartments excl Utilities, Common Area, Shafts, Balconies, Ducts, etc: 10%
- On completion of internal doors and windows in all apartments excl Utilities, Common Area, Shafts, Balconies, Ducts, etc: 10%
All the additional charges towards car parking, floor rise charges, preferred location charges, club house charges, water charges, power charges, corpus fund, maintenance charges, legal charges, stamp duty charges ,vat & service tax etc are payable as applicable.