Sobha Developers
Kotak Realty Fund is withdrawing its investment from Lalith Gangadhar Constructions Private Ltd. According to sources, Kotak is selling its 49 per cent stake for Rs. 53 Cr to the promoters. Promoted by Girish Puravankara, Lalith Gangadhar Constructions is engaged in real estate development, real estate marketing, facility management and project management activities. Kotak has [...] Continue Reading »
Indian realty market witnessed nosedive in the April-June quarter of 2012. Sales volume and absorption rates were low in the residential sector. High inventory and slow execution of projects, were the major concerns. The commercial real estate market experienced low office space absorption and a slight drop in rentals in the metros. Experts feel that [...] Continue Reading »
Sobha Developers, Bangalore-based real estate company, has given a new sales guidance for the year of $363 million (Rs 2,000 crore) for this fiscal. For the same period last year, the developer managed sales of $309 million (Rs 1,700 crore). In the second quarter of FY12, the realtor launched Sobha West Hill in Coimbatore. It [...] Continue Reading »
Sobha Developers, a Bangalore-based leading real estate company, on Friday revealed that it has sold properties worth Rs 479 crore in the first quarter of this fiscal, up by 58% from the same period last year. In the first quarter of 2011, the firm had sold properties worth Rs 302.7 crore. For the quarter ended [...] Continue Reading »
Though the present real estate market of India is witnessing a downtrend, it has not stopped the listed companies from shelling out attractive dividends for the fiscal year 2012. According to an analysis, 26 listed companies – most having a 50% or more promoter holding – recommended an aggregate dividend of Rs 722 crore during [...] Continue Reading »
The exhibitors at the Indian Property Show, which was opened on 21st June 2012 at Dubai World Trade Centre, expect a flourishing business after the recent 30 per cent fall of the Indian Rupee value against the US Dollar and the Dirham. The experts are of the opinion that the Non-Resident Indians (NRIs), following the [...] Continue Reading »
With the changing times in India, trends in real estate sector is also changing. The theme of older cum intelligent homes are being replaced by smarter’ versions of technology. The improvement in technology has taken firm roots in bringing out smart homes in Indian cities. Today, the property owners are looking for concepts beyond four [...] Continue Reading »
Sobha Developers has recorded R94 crore as its net consolidated profit for the quarter ended March 31, 2012. This profit is more than double than the profit made in the year 2011. Sobha developers has earned 64 percent of its revenue from the real estate projects across India. They have also earned Rs 130 crore [...] Continue Reading »
A three-day seminar on Real Estate Management was organized in Bangalore. The students of Acharya Bangalore B School attended this three-day seminar as part of the Management Development program. Realtors and analysts from Indian real estate attended seminar to clearly explain the future prospects and various professional options. Industry experts from Brigade Group, Sobha Developers [...] Continue Reading »
Luxurious smart homes are in high demand for the home buyers in Bangalore. The residents of a smart home can put on the music, draw the blinds, and dim the light—all with a few touches of a touchscreen. Mantri Espana project in Bangalore coming up with all technology feature to promote the smart living. Sobha [...] Continue Reading »
