Hotline: 1800 102 2007
X
Search Business Opportunities
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 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.”

Comment
image
Related opportunities
  • Theme Restaurants
    About Us: Rang De Basanti Dhabha Centers around the idea of..
    Locations looking for expansion West bengal
    Establishment year 2012
    Franchising Launch Date 2018
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 2200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Kolkata West bengal
  • Online learning/E-learning
    About Us : Digi Drishyam Academy is a group of people..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Diamond & Platinum wears
    About Us: Aayra is synonymous to imagination, inspiration and innovation. It..
    Locations looking for expansion Maharashtra
    Establishment year 2012
    Franchising Launch Date 2019
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • About Us: 'Curious Kids' is the brain child of the management..
    Locations looking for expansion Telangana
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 2lac - 5lac
    Space required 2000
    Franchise Outlets 10-20
    Franchise Type Unit
    Headquater Hyderabad Telangana
Insta-Subscribe to
Entrepreneur
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities