Sobha developers launch residential project

Bangalore based real estate firm Sobha Developers launched the ‘Sobha Scarlet’ project in Mysore. Sobha Developers Limited operates as a real estate development and construction company in India. It develops and constructs residential and commercial properties, as well as undertakes contractual work for corporate customers. The project will be developed in 14.2 acres of land and will have 83 villas. It will also include a club house, spa, tennis court, swimming pool, gym, squash court, multi purpose hall, cards and carom room, library and other facilities.

The real estate developer recently revealed its plans to raise Rs 350 crores through a rights issue, which it will use for general corporate purposes, including working capital, acquiring land and other needs. For getting shareholder’s approval over the rights issue, the company has convened an extraordinary general meeting on Sep 22.

News Published Under:   Real Estate Developers |

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