Sobha Neopolis FAQ

1. What is Sobha Neopolis, and what part of the city is it located in?

Sobha Neopolis is an elegant apartment enclave by Sobha Limited at Panathur, East Bangalore. The project spans 25 acres and has 1875 apartments.

2. What are the layouts and sizes of the apartments in the enclave?

The different layouts and sizes of apartments that are available in the project are:

Sobha Neopolis Project Highlights

3. What are the standout features of Sobha Neopolis?

The elite apartment is at Panathur in East Bangalore and has apartments of 1, 3, 3-plus-study, and 4-BHK. The area is well-connected to other parts of the city by roads such as Panathur Main Road, NH 44, and HAL Old Airport Road. The metro serves the area, with a station at Kadubeesanahalli. There are plenty of city services nearby, such as:

• Sakra World Hospital
• Chrysalis High School
• Brookfield Mall

4. What are the prices of the apartments in the enclave?

The prices in the enclave are from Rs. 87 lakhs to Rs. 3.2 crores.

5. What is not included in the price of the apartments?

Not included in the price of the homes are the stamp duty, registration fees, and franking charges.

6. What is the franking charge for the project?

Not included in the price of the homes are the stamp duty, registration fees, and franking charges.

7. What is the maintenance corpus fund?

A corpus fund is a sum of money that is raised from the homeowners in the project. It is used to maintain it and make any necessary repairs.

8. What does Common Area Maintenance (CAM) mean?

CAM is a fee charged by the builder in exchange for maintaining the common areas for a predetermined amount of time. It includes the charges for cleaning, lifts, lobby areas, and employees' salaries.

9. How much is the CAM charge for the project?

The developer is charging Rs. 60 per square foot as a CAM charge.

10. What are the registration and stamp duty charges at Sobha Neopolis?

Currently, the stamp duty levy in Bangalore for properties over 45 lakhs is 5% of the sale price, while registration fees are 1% of the sale price. It represents around 6.6% to 6.7% of the property's overall value.

11. What facilities does the project have?

The project has three grand clubhouses, a fitness center, an aquapark, a bonfire court, a swimming pool, and meditation pads. There are courts and fields for sports such as tennis and basketball.

12. How can one book an apartment at Sobha Neopolis?

Interested buyers can visit our sales office to choose and book their homes. In order to do this, an application has to be completed. All KYC documentation must be provided, along with a 10% booking payment by check or direct deposit (DD).

13. When does a buyer get confirmation of the allotment of a home?

After 10% of the total amount is paid and KYC documentation is submitted, the allocation will be confirmed.

14. When is the possession date of Sobha Neopolis?

December 2028 is the date of possession of the project.

15. Is there a timetable that needs to be adhered to for the payment of installments?

Yes, there is a schedule for payment that has been developed by Sobha Limited. One requirement for these is that payments must be made with postdated checks (PDCs). PDCs are retained as collateral for house loans and are returned upon taking ownership.