Sobha Group Acquires 8 Million Square Feet Land In Dubai (07-Feb-2012)
Sobha Group, the real estate developer has acquired 8 million square feet of land at Dubai's Meydan City to build a mixed-use project named Sobha City. The project, Sobha City, will be located at Meydan City's Godolphin Parks area and will consist a cluster of luxury signature villas. The company aims to complete the project in 8-10 years.
Recently, Sobha Developers was likely to enter into Chennai residential market by launching two ventures with a combined project size of over Rs 400 crore. This was the second residential project by the developer in the state after its projects in Coimbatore although the company was executing contractual projects for IT firms - Infosys and Dell in Chennai.
Sobha Developers is an established player in the real estate development and contract construction in Bangalore. The company has executed 61 real estate projects with an overall development of 14.39 million sq ft of built-up area, primarily in Bangalore. On contractual basis, it has completed 173 projects in several states in India covering a total build-up area of 22.98 million sq ft.
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