Sobha Builders in Bangalore
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Sobha Builders
Even as the demand slump is forcing leading property developers across the country to prefer affordable housing in place of high value apartments, Bangalore-based Sobha Developers is firming up plans to launch a high-end apartment project in the city. The project, which would carry a price tag of about Rs 6,000 per sq ft, will be the first luxury apartment project from Sobha after crisis hit the Indian real estate sector.
Sobha’s Bangalore Projects
According to sources, the J P Nagar project, to come up on 36 acres of land in J P Nagar in the south of the city, will be announced during the present year.
The company also plans to enter the affordable housing segment by announcing apartments in the Rs 25 lakh to Rs 30 lakh range in Coimbatore, Tamil Nadu.
Sobha’s move is in line with the industry trend to announce new launches in select areas and chosen price bands in the residential real estate segment. Availability of bank loans makes residential projects a safe bet for cash-strapped real estate developers.
Unlike other players who have lined up dozens of such project launches during the year, Sobha has decided to test the waters with just two launches in 2009-10.
Sobha’s Dept Repayment Plan
Sobha’s plans for new investments come amidst its struggle to manage its Rs 2,000 crore debts. Company officials said the debt repayment plans are going ahead and the company will have no problems in funding the new projects.
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1 Comments on this post
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P.Raja Gopal said:
Dear Sir,
For the following vacant sites are available in Erode. Anybody is interested to develop like flats / Commercial buildings…Please contact on my mobile at any time.
40000 Sqft & 7000 Sqft { Center of Erode }
Thanking you,
With warm regards,
P.R.Gopal
92822 – 01550 / 98415 – 39445
Chennai – 42April 26th, 2009 at 10:52 am
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