Sobha Developers, established in 1995, is a real estate development and construction company based in Bangalore that focuses on residential and contracting projects. The company currently has a land reserve of 2,592 acres with potential to build more than 110 mn sft.
Sobha is also the preferred contractor for development of office space to Infosys Technologies, one of the world’s leading IT services firms with over 69,000 employees worldwide. Infosys is expected to post a 36% CAGR in revenues over the next four years and should continue to be a source of significant revenue for Sobha.
The equity investment will be primarily used for development of residential projects and execution of construction projects for leading IT companies.
Sobha is an experienced developer with eleven years of experience in real estate development. Sobha’s track record of solid execution, quality construction, design innovation, excellent service and timely completion, enables the company to sell its projects at a premium to its competitors.
Bangalore is one of the fastest growing cities in India and India’s fifth largest metropolitan area. In particular, the Bangalore residential market has shown unprecedented growth in the last few years, spurred by a robust local economy and high demand from end users and investor supported by attractive interest rates |
