In a bid to expand its footprints in Pune, Sobha Developers will develop new projects and tie up with smaller developers. The company has targeted to develop over one million square feet of area primarily in residential space.
After developing three projects in eastern side of Pune, it is coming up with projects in the western suburb’s skyline indicating the rising demand of high end luxurious homes at Kothrud in Pune. The company is coming up with the total investment of Rs 250 crore, the project will consist of three and four BHK apartments, duplex and a commercial lifestyle club.
Sobha Developers has presence in seven cities -- Bangalore, Gurgaon, Chennai, Pune, Coimbatore, Mysore and Thrissur. It has completed 83 projects aggregating to 20.78 million sq ft of saleable area and is presently developing 43 projects with 17.4 million sq ft of saleable area.