What happens after I pay the ₹25 lakh EOI?
You receive priority in unit allocation. Within 2–3 weeks you're invited to select tower, floor, and unit. You have 48 hours to confirm or pass. If you proceed, ₹25 lakhs is adjusted into your booking amount; if not, amount is refunded minus a small processing fee (typically ₹25,000–50,000).
Can I customize my apartment interiors?
During construction you can usually request minor modifications: electrical point additions, bathroom fitting upgrades (at extra cost), flooring changes. Major structural changes typically aren't permitted.
What are the actual monthly costs after possession?
Maintenance: ₹8–12 per sq ft (e.g. 2,300 sq ft ≈ ₹18,400–27,600/month). Property tax approx. ₹25,000–35,000 annually. One-time sinking fund ₹1.5–2 lakhs at possession.
How does floor selection work and price difference?
Lower floors (1–10): discount ₹100–200/sq ft. Mid (11–25): base rate. Upper (26–40): premium ₹200–400/sq ft per floor beyond 25. Corner units typically ₹50–100/sq ft premium.
What's included in the all-inclusive price?
Base construction, EDC, IDC, club membership (lifetime), GST (5% under-construction residential), registration. Not included: stamp duty at registry, loan processing fees, interior furnishing upgrades.
For NRI buyers: documentation process?
Investment via NRE/NRO or direct remittance. Documents: passport, OCI/PIO if applicable, POA if absent, overseas address proof, PAN. Funds repatriable under FEMA.
What if Sobha delays possession beyond 2028?
Per RERA: developer must specify possession with grace period. If delayed beyond that, buyer is entitled to interest compensation at SBI MCLR (~9%), calculated monthly on amount paid.
Should I wait for prices to drop or book now?
In Gurgaon's luxury segment, prices rarely drop (land costs rise; established developers don't discount). Pre-launch usually offers the best entry price if you're certain about the location and can afford the 3–4 year wait.
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