Sobha Limited (formerly Sobha Developers ltd.) Expands Its Footprints in Pune

One of the largest and the only backward integrated real estate player in the country, Sobha Limited (formerly Sobha Developers ltd.) is all set to expand its footprints in Pune city. End Quote

(1888PressRelease) September 03, 2014 - The real estate organization has always been synonymous with quality, customer centric approach, robust engineering, in-house research, uncompromising business ethics, timeless values and transparency in all spheres of business conduct and would continue to be so in all their future endeavors.

With 3 luxury properties in Kondhwa, the south west corridor of Pune, namely Sobha Ivory, Sobha Garnet &Sobha Orion, Sobha Developers is all set to make its mark in the western suburb's skyline indicating the rising demand of high end luxurious homes in Pune. The ultra-luxurious project will consist of 3 and 4 BHK luxurious, spacious apartments and duplex and a commercial lifestyle club with state-of-the-art facilities.

Under the able leadership of Mr. Surajit Chanda, Regional Director, the organization is taking luxury realty to an all-time high with the upcoming prestigious project in Kothrud. Apart from having a unique contemporary design and many modern amenities, the apartments would offer a fascinating visual treat as the property is surrounded by beautiful hills and greenery. Residents can enjoy the wind rustling the leaves of the trees or gaze upon the beauty of the landscape which is unheard of in a city life. The style of this glorious property is crafted by in an Australian architect Mr. Christian Stockdale who has worked on many renowned international projects. Kothrud has witnessed rapid development in recent years and the testimony to this is the fact that it was named as one of the fastest-developing suburbs in Asia by the Guinness Book of World Records. Its strategic location and fast paced development in the area makes it one of the most urban and upmarket residential localities in the city to live in.

Luxury lifestyle is fast catching up in Pune and with the growing number of high-net individuals in the city; Sobha is well equipped to handle the rising demand given their passion and dedication to give Pune iconic living spaces. Sobha Pune started its operations in Pune in the year 2005. Their first step towards success was the construction of the Infosys facility in Hinjewadi. A perfect benchmark of quality & workmanship is Sobha Carnation which was the first residential project in Kondwa.

Mr. SurajitChanda, Regional Director, Sobha Limited (formerly Sobha Developers ltd.) said, "As a company, we are constantly reinventing the wheel to redefine luxury by developing innovative projects and we strongly believe in providing the best living spaces to our customers. We are excited to introduce one of the most luxurious living experiences in Pune which would symbolize upper crest living in the city. This property would bring together exclusivity, space and luxury under one roof. Since its foray into Pune market in 2007, the company has invested Rs 300 crore in Pune. Our aim is to be at 20 - 25 per cent on year-on-year basis. On a consolidated basis, the company has registered 7.1 per cent rise in net profit at Rs 57 crore in Q1 of the current financial year. The company earned a PBT of Rs 90.3 crore, recording a growth of 26 per cent over the same period of last fiscal. Total turnover was Rs 583 crore during the first quarter of FY 2014-15", he added. Commenting on the Luxury Home Market of Pune, he said, "Pune is emerging as one of the top cities promising high growth potential and we plan to create crowning landmarks of modern Pune with a perfect blend of aesthetics, beauty & engineering".

Being India's largest and the only real estate company to have a Backward Integration Model, it enables the Company to manufacture all the key components used in construction in house; from concrete blocks to aluminum windows. Backward integration model at Sobha includes an interiors division with one of India's largest woodworking factories, a metal works and glazing factory, and a concrete products factory.

Sobha is always known for their quality and timely delivery of properties across regions. They carry with themselves, a rich legacy in real estate, which surely strikes a right chord with its target audience.

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