Sobha Developers planning projects in Kochi

Published on: 13 May, 2013
Published under: Kerala Business News, Kerala Housing Projects, Kerala Real Estate Updates

13 May 2013

Realty firm Sobha Developers Ltd, founded by Kerala-born P N C Menon, is expanding their operations into two more cities in the state – Kochi and Kozhikode. “The projects in these two towns will start this year itself,” said R Raman, VP of corporate communications, at Sobha Developers.

“In the current fiscal, Sobha plans to make a foray into new geographies like Hyderabad and Noida or Ghaziabad region also,” he said. The Bangalore-based company, which is set to capitalise on the rising demand for premium houses, has a project pipeline of 8.9 million square feet for this fiscal.

During the financial year 2012-13, the company reported a profit after tax after adjusting the minority interests of Rs 2.17 billion, with top-line reaching Rs 18.70 billion. The company also launched new real estate projects totalling 2.64 million square feet during this period.


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