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Sobha Limited is a leading real estate developer in India, renowned for its commitment to quality, innovation, and customer satisfaction. Here's a comprehensive overview of the company's background, operations, and key projects:
Founded: 1995 by P.N.C. Menon in Bangalore, India.
Headquarters: Bangalore, India.
Type: Publicly listed company (NSE: SOBHA).
Industry: Real estate development and construction.
Employees: Over 3,000 as of 2021.
Global Presence: Operations in India, with international projects under Sobha Realty in the Middle East.
Backward Integration: Sobha is distinguished by its fully backward-integrated business model, encompassing in-house capabilities in design, construction, and manufacturing, ensuring stringent quality control.
Core Segments:
Residential: Development of luxury apartments, villas, and townships.
Commercial: Construction of office spaces and retail complexes.
Contracting: Execution of third-party construction projects.
Manufacturing: Production of construction materials and furniture.
India: Sobha Limited operates across 27 cities in 14 states, with a strong presence in Bangalore, Chennai, Pune, Kochi, Coimbatore, and Delhi-NCR.
International: Sobha Realty, the international arm, is active in the UAE, Oman, Bahrain, and Brunei, focusing on luxury real estate developments.
In India:
Sobha City, Gurgaon: A 39-acre residential project offering luxury apartments with modern amenities.
Sobha International City, Gurgaon: A premium villa community located in Sector 109.
Sobha Indraprastha, Bangalore: A 37-story luxury residential tower in Rajajinagar.
Sobha Topaz, Thrissur: The tallest residential skyscraper in Thrissur, featuring 27 stories of luxury apartments.
Sobha Queens Towers, Bangalore: A pre-launch project in Attibele offering 1 to 4 BHK apartments ranging from 550 to 2,400 sq. ft., starting at Rs.70 Lakhs.
Sobha Dream Gardens, Bangalore: An 18-acre residential complex on Thanisandra Road, offering 2BHK flats with amenities like a gym and library.
Sobha Limited has experienced fluctuations in financial performance:
Q1 FY2025: Net profit declined by 50% to Rs. 60.6 million due to delays in project approvals during national elections, leading to fewer launches and slower sales.
FY2023: Revenue stood at Rs. 34,259 million, up 21.4% compared to Rs. 28,216 million in FY2022.
Top Brand: Sobha has been recognized as the top brand in the Indian real estate sector for multiple consecutive years.
Best Practices: The company received top honors in India's first Real Estate Best Practices audit report in 2017 by Track2Realty.
Educational Initiatives: Sobha Realty has committed to constructing a university in Dubai at a cost of AED 400 million and establishing a AED 1 billion endowment fund to support education, in collaboration with the Mohammed bin Rashid Al Maktoum Global Initiatives.
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