Sobha Developers joins the Real Estate Party

December 17, 2007	(Be the first to rate this story!)  Loading ...
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Sobha Developers, which was touted as an underperformer so far, appears promising enough to be a part of the burgeoning real estate.

Real estate stocks are the flavour of the season. The BSE Realty index has secularly beaten the Sensex by a rising margin over the past few months.

Although the visible reason for the sector’s out performance appears to be the recent ULCRA repeal in Maharashtra, the rally has not spared the stocks of real estate developers from other parts of the country as well.

The diminishing realty prices in tier-II and tier-III cities as led to an increase in demand from genuine buyers, keeping the hopes for the sector optimistic as ever.

High demand because of rising industry penetration is influencing regional markets such as the southern cities of Bangalore, Mysore, Chennai and Cochin, or the likes of Ludhiana, Manesar and Faridabad. The time seems to be ripe to look at players likely to dominate such markets due to their concentration in these cities.

Sobha Developers is one such player with presence in Bangalore, Chennai, Cochin, Hosur, Mysore and a few more, with a well-diversified business mix between real estate development and contract construction. A well-situated land bank, promising project portfolio along with a contracting business of repute makes Sobha’s an attractive business.

Although the company’s major real estate hub is Bangalore, the company is now expanding into other southern cities, besides Pune. A large part of its revenues comes from residential real estate construction, and now the company aims to increase the proportion of commercial real estate in its project pipeline.

News Published Under:   Real Estate India |

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