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Sobha Neopolis 1 BHK Price


Sobha Neopolis 1 BHK Price

Sobha Neopolis in Bangalore is a residential project that offers houses in the most preferred area of Panathur Road in East Bangalore. The project has 1875 flats, and these flats are 19 high-rise towers. Each tower has 18 floors in it. The project has a total of 225 units, including one BHK flat.

Sobha Neopolis 1 BHK Price is from Rs. 89 Lakhs. The pricing for 1 BHK apartments varies depending on the placement in the tower and the size chosen. There are 1 BHK flats of different sizes ranging from 660 sq ft. All the units are of compact size that is suitable for bachelors.

The 1 BHK flat in this project is compact and small in size. It is suitable for small families where only a few people are a part of the household. The 1 BHK flat in this project has

  • a bedroom,
  • a living room,
  • bathroom
  • a kitchen
  • a balcony

The project has 1 BHK flats of different sizes in diverse budget ranges to suit the needs of all buyers. The prices of 1 BHK flats here in this project are more reasonable than other flats.

Advantages of 1 BHK flats in Sobha Neopolis

A 1 BHK apartment will be more accessible for you because you are not required to pay much maintenance, property tax, utility costs, upkeep, and the necessities needed, unlike other large homes or apartments. Some advantages of 1 BHK flats in Sobha Neopolis are

  • Maintenance is easy with a single-bedroom apartment
  • Purchasing is also easy as the cost is less
  • Space will be compact, and it will be affordable
  • It will have lower property tax, and utility costs will be less
  • The loan amount for buying is also low

All the 1 BHK flats in the project are of good quality as the project uses quality materials for construction. All the units will have good ventilation with a lot of natural light. All units have big storage areas and will have a good finish.

Payment Schedule of Sobha Neopolis 1 BHK flats

The Payment Schedule for 1 BHK flat in the project offers a better Payment plan with installments based on the size. The buyer can pay 10% of the amount on the booking day and 10% of the payment within 30 days of the booking. The rest of the amount will be set based on the building stages. The Payment Schedule for Sobha Neopolis 1 BHK flats is as follows

Booking Amount in 890,617
Payable within 30 days from Booking Date in 890,617
On Completion of Foundation Works in ` 445,308
On Completion of the Low Basement Roof Slab in ` 445,308
On Completion of Ground Floor Roof Slab in ` 623,432
On Completion of the 3rd Floor Roof Slab in ` 623,432
On Completion of Sixth Floor Roof Slab in ` 623,432
On Completion of Ninth Floor Roof Slab in ` 623,432
On Completion of Twelfth Floor Roof Slab in ` 623,432
On Completion of the 15th Floor Roof Slab in ` 623,432
On Completion of Terrace Slab in ` 623,432
On Completion of Internal Skim Coat in all the Apartments excl Balconies, Utilities, Common Area, Shafts, Ducts etc., in` 712,494
On Completion of Internal Flooring in all the Apartments excl Balconies, Utilities, Common Area, Shafts, Ducts etc., in ` 712,494
On Final Payment Request Letter in ` 577,448
Total Value excluding Registration & Stamp Duty in ` 9,038,310

Cost sheet of 1 BHK flat in Sobha Neopolis

The Cost Sheet of the 1 BHK apartments presents the breakdown of the costs, which includes Basic Costs, Charges for Development, GST, and other Maintenance Costs. Other charges include registration fees, stamp duty charges, etc.

The cost sheet of 1 BHK flats in Sobha Neopolis is as follows

Unit Number R1 - 14051
Type of Unit 1 BHK
Wing 14
Floor 05
Carpet Area in sft (C) 435.73
SBA (S) in sft 660.70
Classification SELECT
Basic Value in ` (BV) 8 ,227,697
Development and Infrastructure Works in 9 2 54,370
Total Value excluding GST (V = BV + AC) 8,482,067
Goods and Services Tax @ 5% on V in ` (GST) 1 ,277,140
Goods and Services Tax @ 5% on V in ` (GST) 4 24,103
Basic Value with GST in ` (A = V + GST) 8,906,170
Maintenance Deposit in ` 1 32,140
Total Value excluding Registration & Stamp Duty in ` (D = A+B) 9,038,310

The other charges include

  • Stamp Duty Charges are to be paid to the Government as per the present government norms.
  • Registration charges and Stamp duty charges are to be paid at the time of execution of the sale deed.
  • 1% TDS is to be deducted by the clients and should be paid to the Income Tax Department by giving due credit to SOBHA Limited.
  • Goods and Services Tax are as per the prevailing rates, and they are subject to change.
  • Any other statutory charges which may be imposed in the future from time to time will be payable by the customers.
  • Deposit / Charges payable towards Electricity Connection will be collected from the customer along with applicable Taxes in addition to the Total Value.
  • Deposit / Charges payable towards Water and Sewage Connections are not considered as a part of the Total Value.
  • The electricity consumption Deposit, as it is mentioned in the agreement, will be collected along with the Final Payment Request.
  • In addition to the above Pricing, Advance Maintenance Charges will be collected along with the Final Payment Request Letter, including applicable taxes.

The demand note for payment will be on the basis of the completion of the milestone attributed to the particular Wing in the project in which the above apartment is located. The Basic Value is inclusive of One Car Parking Space for all 1 BHK, 3 BHK + 2T and 3 BHK units, and Double Car Parking Space for 3 BHK + HO and 4 BHK units.

The project is in a prime location with all the needed features nearby, and investing in the project is a wise decision as the single-bedroom costs are reasonable now, and it will give good returns in the future. 1 BHK apartments are cost-effective as the rents, utility costs, property tax, bills, maintenance charges, etc., are much less.

Sobha Neopolis appears to be a great township with affordable flats starting from Rs. 89 lacs for 1 BHK.

As we know, buying property is a major investment; it becomes extremely important when we invest in the right kind of property, and Sobha Neopolis 1 BHK price is affordable so that everyone can invest.

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Disclaimer : The content is for information purposes only and does not constitute an offer to avail of any service. Prices mentioned are subject to change without notice and properties mentioned are subject to availability. Images for representation purposes only. This is the official website of authorized marketing partner. We may share data with RERA registered brokers/companies for further processing. We may also send updates to the mobile number/email id registered with us. All Rights Reserved.

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