Sobha has marked its foray into Gujarat market. The company will make an investment of over Rs 500 crore towards residential development in Gujarat International Finance Tee-City (GIFT City), India’s first Operational Smart City and International Financial Services Centre (IFSC). With this, the company will increase its residential footprint to 10 cities in India.
With a total built up area of 1.3 million square feet, the company will develop close to 1,000 housing units in the fully-integrated city built on the walk-to-work concept. This investment is in line with the company’s focus on developing affordable housing projects in major cities across the country.
Sobha is one of the fastest growing and foremost backward integrated real estate players in the country. It primarily focuses on residential and contractual projects.
