Looking for honest reviews and red flags on Sattva city. Did anyone drop out after paying token money ?
Hi everyone,
I am currently evaluating a 2.5 BHK in Sattva City. I have the cost sheet and I am at the negotiation stage. The sales team is pushing hard for a ₹1 Lakh token to "block" the unit and promising it is 100% refundable, but I am holding off until I get some ground reality from this sub.
I’ve done some digging and I have a few specific concerns. I’m hoping to connect with current buyers, or more importantly, people who evaluated it and decided to walk away.
A few things making me hesitate:
• Land Litigation & Bank Approvals: I've heard murmurs about past land litigation on a parcel within the project. Has anyone faced issues getting their SBI home loan approved (APF number issues) for specific towers?
• The 2032 RERA Date vs. Bank Moratorium: The official RERA possession date is 2032 (6 years away). If the bank forces full EMI repayment after a 3-year moratorium (2029), that means 3 years of paying rent + full EMI simultaneously. How are current buyers planning for this?
• Refund Reality: For anyone who paid the ₹1 Lakh token and then backed out—how painful was the refund process? Did they deduct any cancellation fees, and did it actually take the standard 45-60 days?
• Transfer Clause: Is it true that they require 100% payment and a hefty transfer fee if you want to sell the under-construction unit before possession?
I am looking for brutally honest feedback. What are the hidden charges or red flags that aren't on the initial cost sheet?
Appreciate honest insights.