Sobha Developers will now be holding entire economic interest in 'Sobha City' as its former partnership with Tree Hill Estates has been axed off by later. Both the companies had formed a partnership firm under the name and style of 'Sobha City' for the construction and development of Sobha City Project located at Thrissur, Kerala with a profit sharing ratio of 70:30.
However, after due negotiation, Tree Hill Estates has retired as a Partner from 'Sobha City'. Sobha Developers is an established player in the real estate development and contract construction in Bangalore.
The company has executed 61 real estate projects with an overall development of 14.39 million sq ft of built-up area, primarily in Bangalore. On contractual basis, it has completed 173 projects in several states in India covering a total build-up area of 22.98 million sq ft.
