Soundarya Paradise - Faq's
RERA No: PR002211
Where and what is Soundarya Paradise?
Soundarya Paradise is a unique Residential Development comprising of 97, 2 & 3BHK Apartments undertaken by Soundarya Constructions, located off the HMT Factory Main Road, at Jalahalli, Bangalore.
What is Soundarya Constructions' vision for Soundarya Paradise?
Soundarya Paradise will be a luxurious abode to homeowners at affordable prices.
What are the key features of the property?
The most important feature of Soundarya Paradise is that the property is easily accessible, besides being reasonably priced.
Who are the key partners of Soundarya Paradise?
Legal Advisors - JAYPEE Associates Law Firm
Architects - Harshavardhana Architects, Engineers & Interior Designers (HAEID)
What is the distance from Majestic to Soundarya Paradise?
The distance to Soundarya Paradise from Majestic is 9Kms.
What are the different types & sizes of Apartments at Soundarya Paradise?
Sl. No. Number of Bedrooms Area in Sqft 1 2 Bedrooms 1,030 - 1,260 Sqft 2 3 Bedrooms 1,285 - 1,685 Sqft
Is this a phased development? What is the timeline for completion?
Soundarya Paradise is not a phased development; it will be completed on September, 2018.
Is the entire development compounded?
Yes, Soundarya Paradise will be a gated community.
What are the Amenities of Soundarya Paradise?
Along with the basic amenities of the property, there will also be a Clubhouse included. For a complete list of amenities, click here.
Is there a membership fee to the Clubhouse?
Membership to the Clubhouse will be free of cost for the owners of the Apartments. However, usage charges for the facilities will be applicable.
Are the Club facilities open to Non Residents?
No, the Clubhouse is exclusively for the Residents of Soundarya Paradise.
When does the development start and when can I expect to move into my new home?
Construction will commence in August, 2014 & you can move into your new home on September, 2018
Are modifications permitted to the Apartment?
No, modifications to the Apartments at Soundarya Paradise will not be permitted.
What about Car Parking Space?
We can provide One Car Parking Space for every Apartment. Additional car parking requests will be taken up towards project completion, at an Additional Cost, if available.
Is the title of the property clear?
Yes, the land is freehold, marketable and free from all encumbrances. The development plan has been sanctioned by the BBMP, VIDE LP number 0558/13-14
What is the source of water?
Water supply will be obtained through the available ground water & BWSSB supply. Rain Water Harvesting and other methods for optimum use of water resources are planned.
Can I make a 100% down payment?
Yes, you can. Doing so, will entitle you to a discount as well. Please get in touch with our office, at the address mentioned below for more details on the same.
When do I get a confirmed allotment?
You will get a confirmation on the allotment of your new home at the time of signing the Sale Agreement.
How are instalments to be paid?
Instalments are linked to the progress of work, at site & will need to be paid when a demand for the same is raised.
Are there any other additional amounts to be paid? If so, what are they?
BESCOM & BWSSB Charges, Contribution to the Sinking Fund, Advance Maintenance Charges, Generator Charges, Khata Assessment Charges, Registration Charges, VAT, Service Tax and any other taxes will be required to be paid as per the prevailing guidelines at the time of possession.
What happens if I cancel my booking?
If you do wish to cancel after booking, 1% of the Sale Value will be forfeited before agreements are executed and 15% of the Sale Value will be forfeited post agreements as Cancellation Fee and the balance will be returned without interest.
What are the agreements that need to be signed?
The agreements that need to be signed are Agreement to Sell and Agreement to Construct, followed by a Sale Deed, at the time of possession.
When will Registration take Place?
Registration will be done only on completion of the development and on payment of the entire sale consideration including the additional charges. Registration will be facilitated through an advocate appointed by Soundarya Constructions.
Can I sell my property after I make my first payment?
Yes, you can do so after paying up the Transfer Fee of 5%.
Has Soundarya Paradise been approved by Banks for loans?
Yes, leading Financial Institutions have approved the development and will extend loans to customers based on their specified criteria.
Who will take care of the maintenance of the property?
Soundarya Constructions will take care of the maintenance of the property.
What is the scheme for maintenance?
This will be decided closer to completion of the project. The team from Soundarya Constructions will keep you updated on the same.
When Can I start my Interior Work?
Once the project is completed, all payments are made and the property has been registered, you can start the Interior Work of your Apartment.
What are the formalities to be fulfilled for Interior work?
You would need to deposit a nominal amount of Rs. 1 Lakh to the Association. This deposit will be refunded after the Interior Work has been completed & is being collected only to cover any damages that might occur to the common areas, during this entire process.
Note - This deposit will be an interest-free deposit.
What happens if I have any more questions/clarifications?
Please email us at: [email protected] or visit our office at the below-mentioned address:
No. 95, Padmashree Gruhasthoma,
2nd Main, Link Road, Seshadripuram,
Bangalore - 560 020
Mob: +91 91643 59777 | 91643 97888
Tel: +91 80 2334 8423 | 2331 7896 | 2331 9134
Email: [email protected]