20-11-06
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Sobha Developers
Sobha Developers is one of the major players in the construction and real estate business in Bangalore.
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The company has constructed 75 projects on a contract basis in eight Indian states covering 8.42 million sq ft. Sobha will develop 23 contractual projects for leading corporates like Infosys, Taj Residency, Hewlett Packard in states of Karnataka, Andhra Pradesh, Orissa, Tamil Nadu, Punjab and Maharashtra.
Sobha makes residential apartments, villas, row houses and luxury apartments with amenities like clubhouses, swimming pools and shopping complexes. It has developed 21 residential projects in Bangalore covering 2.98 million sq ft.
At present, Sobha is working on 15 residential complexes spread over 4.97 million sq ft and has planned another 13 projects covering 5.2 million sq ft.
Bangalore blues
Sobha has constructed convention centres, software development blocks, multiplexes, hostels, and education and research centres for Infosys. About 83 per cent of its contractual projects were executed for Infosys across six states and further Sobha will be working on 13 future projects valued at Rs 299 crore.
Most of Sobha’s revenues come from Infosys and though the tech major has big expansion plans, excess dependence may raise concerns. However Sobha’s association with Infosys is also the key catalyst that will help this real estate maker to increase its contractual clientele.
With most of its projects based in Bangalore, Sobha Developers is exposed to risks of regional slowdown and having realised this, the company is acquiring lands in other regions to reduce risks. Sobha is expanding business in cities like Mysore, Hyderabad, Pune, Mumbai, Chennai, Goa and Jaipur.
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