Hotline: 1800 102 2007
Hotline: 1800 102 2007
Aug, 24 2019

Realty firm Sobha entering Hyderabad & Delhi residential property market

At present, Sobha is generating around 65% of its revenue from residential projects priced above Rs 1 crore.

Realty firm Sobha entering Hyderabad & Delhi residential property market

Realty firm Sobha is foraying into the Hyderabad and Delhi residential property market. 

The company, which is known for its luxury apartments, has entered into a joint development agreement with local landlords for building high-end apartment totalling 1.5 mn sq ft in both cities. 

JC Sharma, Vice Chairman and Managing Director, Sobha, said, “We have seen good demand for the Rs 50 lakh to Rs 2 crore segments. The JD (OR JV) has been signed and we are working on specifications.”

The Hyderabad project will have 270 units of above 1850 sq ft, while the Delhi project will have 406 units of over 2150 sq ft each. 

The realty firm is also looking to open more than 10 m sq ft of residential projects including its affordable segment to boost growth. 

“Despite the tough environment, we are seeing good sales,” Sharma stated. 

At present, Sobha is generating around 65% of its revenue from residential projects priced above Rs 1 crore.

Sharma further added, “We have also achieved a pre-sales volume of 1.06 million square feet valued at Rs 778 crore during the first quarter of the financial year.”

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Ad Agencies & Collection Centres
    Bookeventz is India's leading network of trusted venues that provides..
    Locations looking for expansion Haryana
    Establishment year 2012
    Franchising Launch Date 2020
    Investment size Rs. 5lac - 10lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Quick Service Restaurants
    Momo-King is a Malaysia-based speciality momo brand, successfully operating a..
    Locations looking for expansion Haryana
    Establishment year 2017
    Franchising Launch Date 2020
    Investment size Rs. 5lac - 10lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
  • Facility Management
    ·         Successfully operating with distributorship..
    Locations looking for expansion Haryana
    Establishment year 2020
    Franchising Launch Date 2020
    Investment size Rs. 5lac - 10lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
  • Competitive Exam Coaching Institute
    Aakash Educational Services Limited (AESL) is a leading educational institution..
    Locations looking for expansion Delhi
    Establishment year 1988
    Franchising Launch Date 1997
    Investment size Rs. 10lac - 20lac
    Space required 350
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New Delhi Delhi
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities