Sobha Developers is coming up with a residential project of 156-unit on the outer ring road Hebbal in north Bangalore. The project coming up on a 4.5 acre patch located behind the BEL corporate office on the outer ring road will attract a market-estimated investment of over Rs 100 crore. Mr. Raghav Menon, vice president (Retail), Sobha Developers (SDL), said “People are willing to pay for luxury. We intend to construct about 4,75,000 sq ft of high-end residential space, with apartment sizes varying between of 2,500 sq ft to 5,000 sq ft. The project will be completed in 30 months”. He did not give details about the estimated investment into this project.
The project, Sobha Petunia, will be of 14 floors. Top two floors will be allocated for penthouses. This project contains the facility to provide piped gas to all houses.Sobha Developers Limited has a land bank in excess of 4,000 acres spread across the country. Sobha has completed 41 residential/commercial in-house projects and 105 contractual projects till September 30, 2007.
