Credit rating agency, ICRA has upgraded the long-term rating of Sobha Developers to ‘A/Stable’ from ‘A -/Stable’ in respect of the various Fund and Non-Fund Based Credit Facilities sanctioned to the company.
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.