Sobha Developers to expand Township Project with two Realty Partners
Mumbai: Bangalore-based Sobha developers has decided to expand a township project in Haryana with a total investment of Rs 2,000 crore together with realty firm QVC Realty and Chintels India.
The Gurgaon-based community, undertaken as a part of combined expansion agreement, would cover up more than 192 acres, comprising single-family houses, flats, commercial, retail and office space.
The company informed the Bombay Stock Exchange (BSE) that the new project would spread for over 6.5 million sq ft and is situated in segment 106-109.
This venture is an addition to the list of incorporated township projects previously launched by Sobha developers in Kochi and Thrissur.
The company’s shares were dealing at Rs 913.10, up 2.39 per cent on BSE.