Realty firm Sobha has entered into partnership with Chintels India to develop a group housing project comprising of 1,700 flats in Gurgaon. In this regard the company will invest Rs 1,000 crore. The 39-acre project, which is expected to be launched by end of next month, would be developed in phases over the next 6-7 years.
Bengaluru-based Sobha is already developing a luxury villa project named ‘International City’ on a 150-acre land parcel near Dwarka Expressway in a tie-up with Chintels group and QVC Realty.
Sobha Developers has presence in seven cities -- Bangalore, Gurgaon, Chennai, Pune, Coimbatore, Mysore and Thrissur.
