Sobha One Residences Bank Details

Sobha One Residences bank details point to the M G Road branch of Axis Bank. This is a major branch in the Bengaluru Urban district. Look, you will need the IFSC code for any online wire transfer. That code is UTIB0001541. Basically, this ID tells the banking system exactly which branch should get the money.

Sobha One Residences bank details are split into three different account numbers. Look, the 100% Account number is 925020033651017. This is the master account for the whole project. Basically, it tracks the total money flow for every flat in the development.

Then you have the split accounts required by the RERA laws:

• 70% Account Number: 925020033650454. Basically, 70% of all payments must stay here only for construction costs.
• 30% Account Number: 925020033650713. Look, the builder uses this smaller part for other project needs and profit.
• Purpose: This split ensures the building work never stops due to a lack of funds.

Sobha One Residences bank details give you a clear paper trail for your purchase. When you pay into an escrow account, the government knows about it. Look, it’s not just a secret deal between you and the builder. Basically, it means the bank acts as a watchdog for your money.

If there is ever a delay in the project, these bank records are your best

Sobha One Residences bank details should always be verified one last time at the builder's office. Look, when you write a check, make sure the project name matches the account name exactly. Basically, it prevents any confusion at the bank counter. The district for all these records is Bengaluru Urban.