How to Buy - Sobha World City

Simple, transparent process to own your dream home

Buying Your Home at Sobha World City

Purchasing a property at Sobha World City is a straightforward process with professional guidance at every step. This guide walks you through the entire journey from site visit to possession.

Sobha ensures transparency, buyer protection, and smooth execution through standardized processes and clear communication channels.

Step-by-Step Buying Process

1

Site Visit & Selection

Visit the project, explore available units and floor plans. Our sales team will help you understand options for your budget. No commitment required.

  • • Explore all configurations: 1/2/3/4 BHK
  • • Review floor plans and specifications
  • • Check amenities and community features
2

Booking & Offer

Finalize your choice and confirm with the project team. Review the offer with specifications, price, and payment plan.

  • • Receive formal offer letter
  • • Confirm unit selection and specifications
  • • Review pricing and total cost
3

Booking Amount & Documentation

Pay 10% booking amount and submit required documents. Legal team will conduct title verification and prepare agreements.

  • • Pay ₹5-15 lakhs booking amount (10%)
  • • Submit proof of identity and residence
  • • Begin loan documentation (if applicable)
4

Agreement & Loan Approval

Sign the Flat Purchase Agreement. Submit loan application to bank with Sobha's assistance for quick processing.

  • • Sign 10% agreement and stamp paper
  • • Register agreement with sub-registrar
  • • Get bank sanction letter
5

Installments During Construction

Pay installments as per agreed schedule during construction phase (50% total during construction).

  • • Receive progress updates monthly
  • • Visit site at various construction phases
  • • Monthly statements and payment tracking
6

Pre-Possession Inspection

Before possession, conduct detailed inspection with Sobha representatives. Report any defects for rectification.

  • • Receive possession notice
  • • Inspect all fixtures and finishes
  • • Report defects in writing
7

Final Payment & Possession

Pay final 40% amount. Receive keys and take possession of your new home!

  • • Sign possession certificate
  • • Complete final registration
  • • Receive keys and official ownership documents

Documentation Required

For Booking

  • ✓ Photo ID (Aadhar/PAN/Passport)
  • ✓ Proof of Address (Utility Bill/Aadhar)
  • ✓ Bank account copy (for checks/transfers)

For Agreement Registration

  • ✓ Original ID proofs (2 copies)
  • ✓ Proof of Address (utility bills, etc.)
  • ✓ PAN card (both buyer and co-buyer if applicable)
  • ✓ Marriage certificate (if married)
  • ✓ Photograph (4x6 size)

For Home Loan

  • ✓ Last 2 years' income tax returns
  • ✓ Last 6 months' salary slips
  • ✓ Bank statements (6 months)
  • ✓ Form 16 from employer
  • ✓ Offer letter from the builder

For Final Registration

  • ✓ Agreement copy (duly registered)
  • ✓ Building Completion Certificate
  • ✓ Occupancy Certificate
  • ✓ Property tax receipts
  • ✓ ID proofs (latest copies)

Legal Protection & Compliance

RERA Registration

Project registered under Real Estate Regulation Act (RERA) for buyer protection and transparency.

Transparent Agreements

Standardized purchase agreements reviewed by independent legal counsel for buyer protection.

Clear Titles

All land titles verified and clear. Legal team ensures no encumbrances on the property.

Escrow Accounts

Buyer funds held in separate escrow accounts as per RERA mandates until possession.

Legal Support

Experienced legal team guides through registration and addresses any buyer concerns.

Regulatory Compliance

Compliance with all local, state, and national regulations and mandates.

Typical Timeline

Phase Duration Activities
Booking to Agreement 1-2 weeks Documentation, agreement drafting & signing
Loan Processing 3-4 weeks Bank processing, sanction letter, disbursement
Construction Phase 30-36 months Progress updates, site visits, installments
Possession Phase 2-3 weeks Pre-inspection, final payment, final registration
Total Time 30-38 months From booking to possession

Financing Options

Home Loan Details

  • 🏦 Loan Eligibility: Up to 80-90% of property value
  • 📊 Interest Rate: 6.5% to 8.5% (market dependent)
  • ⏱️ Tenure: Up to 20 years
  • 🏛️ Partner Banks: HDFC, ICICI, Axis, SBI, IDBI, and others
  • ✅ Easy Processing: Sobha assists with documentation and liaison with banks

Tax Benefits

  • 💰 Section 80C Deduction: Up to ₹1.5 lakhs on principal repayment
  • 📉 Section 24 Deduction: Up to ₹2 lakhs on interest (for self-occupied property)
  • 🎯 First Time Buyer Benefits: Additional relaxations and subsidized rates

Ready to Start Your Journey?

Our specialists are ready to guide you through every step

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