Housing Loan from Banks

1. What are the rights of the buyer ?

The buyer becomes a rightful owner of the villa since the property is registered in his/her name alongwith proper records of ownership even for the other investments such as interiors, utilities etc.,

2. Whether the owner is entitled to resell the property at any point of time? Will SABOL help to sell the property, if required?

The owner is entitled to sell the villa at any point of time. If required SABOL will take all efforts to sell the property at the highest possible appreciated value. The owner alone will be benefited with whatever appreciative benefit.

3. Will you arrange Housing Loan from Banks ?

SABOL will tie-up with different Banks for buyers to avail Housing Loans. The Buyer should meet the criteria required by the banks for availing such loans.

4. Is there any hidden costs for purchase ?

There will not be any hidden cost for purchase as due details would be provided before registration of the property.

5. Can the site visit be arranged now and for inspection later during the construction of my villa ?

The site visit and inspection of the developments can be made by you at any day at your convenience.

6. What is the transparency in Revenue Sharing Module ?

The daily transactions and bookings of occupancy will be posted in the Website on a daily basis in a exclusively designed software module, to ensure very clear and transparent income (revenue) sharing status. The income generated would be shared on a half-yearly basis, after necessary allocation for maintenance and others.

7. How early should I inform my stay ?

It is always advisable to inform in advance, particularly during season. However some villas will be left vacant in anticipation for late bookings.

8. Will SABOL take responsibilities for any damages to my properties in my absence ?

SABOL PRIVACIES will take full responsibility to ensure the safety of the articles apart from maintenance, refurbishment, renovation and replacement. SABOL will also have an Annual Maintenance Contract (AMC) signed for equipments and electrical appliances maintenance with the suppliers.

9. Why I am not allowed to make any alterations or modifications?

The villas are promoted with a view of common interior and exterior to ensure an elegant look. Any alteration or modification of any of the villa will disturb the entire architect's design and will look as an odd one out from the uniformity. Moreover, each owner will have different taste and if allowed it will affect the entire plan. Hence, it is strictly agreed not to make any alterations or modifications including Interior or Exterior.

10. What is the difference between owning a house in Ooty and owning a house at SABOL ?

Owning and maintaining a house of your own will cost a minimum of Rs.15000/= per month for gardening, security, caretaking and other statutory expenses, apart from the periodical refurbishing expenses. At SABOL , it is maintained all round the year, at no extra cost, holiday will no longer mean additional expenses and hidden costs. SABOL will take care of your property expenses like your electricity bills, gardening, caretaking and security etc., The special feature is our list of common amenities with high-class facilities and the revenue earned apart from the owner stay is shared after taking care of the maintenance.

11. What is the security provided in the project ?

The entire property will be fenced completely. Round the clock securitymen will also be employed to guard the movable and immovable properties.

12. Since the villas are having a similar design, will there be any differentiation of identity between villas ?

Each villa will be named under a separate theme to offer identify and exclusiveness such as AVOCET VILLA, WARBLER VILLA, STARLING VILLA, PELICAN VILLA , GANNET VILLA etc., based on the preference of the buyer under the choice of the names provided apart from having separate identity by Numbers.

13. If I am not interested to rent it out or decide against renting it out at a later stage what is your stand?

The Revenue Sharing Module is not a compulsory option. If the buyer is not interested in this scheme he need not opt for it. However, the expenses towards maintenance of common amenities, caretaking, security, general administrative expenses, private road maintenance, common generator, common car parking, landscaping, common water supply etc. has to be shared by the buyer. Such expenses would be determined based on mutual consultation and would be reviewed every year.

Ooty villas - Cottages - Houses