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Sobha Developers Ltd.
With three decades of experience in creating resplendent interiors of palaces and masterpieces in the Middle-East, Mr. P.N.C. Menon founded Sobha Developers in 1995 with a clear vision to transform the way people perceive quality. Today, Sobha, a Rs. 20 billion Company, is one of the largest and only backward integrated real estate players in the country.
Since inception, the Company has always strived for benchmark quality, customer centric approach, robust engineering, in-house research, uncompromising business ethics, timeless values and transparency in all spheres of business conduct, which have contributed in making it a preferred real estate brand in India. In 2006, Sobha went public through its initial public offering, an event that created history when the issue got oversubscribed a record 126 times.
Headquartered in Bangalore, Sobha is primarily focused on residential and contractual projects. The Company’s residential projects include presidential apartments, villas, row houses, luxury and super luxury apartments, and plotted development along with amenities such as clubhouse, swimming pool and shopping complex. In all its residential projects, the company lays a strong emphasis on environmental management, water harvesting and high safety standards. On the contracts side, the Company has constructed a wide variety of structures for corporates including corporate offices, convention centres, software development blocks, multiplex theatres, hostel facilities, guest houses, food courts, restaurants, research centres and club houses. Some of Sobha’s prestigious corporate clients include Infosys, Taj Group, Dell, HP, Timken, Biocon, Institute of Public Enterprises (IPE), Bosch, Hotel Leela Ventures and others.
Sobha’s superior execution capability is one of its core strengths. As of June 30th 2013, Sobha has completed 85 real estate projects and 230 contractual projects covering about 56.38 Million Square Feet of area. The Company currently has 45 ongoing residential projects aggregating to 26.79 million square feet of developable area and 18.90 million square feet of saleable area, and 40 ongoing contractual projects aggregating to 11.41 million square feet of area. Sobha has made a footprint in 23 cities and 13 states across India.
The backward integration model is one of the key competitive strengths of Sobha. This literally means that the Company has all the competencies and in-house resources to deliver a project from conceptualisation to completion. Backward integration includes an interiors division, a metal works and glazing factory, and a concrete products factory. Sobha has also diversified into retail business with spring mattresses under the brand name ‘Sobha Restoplus’. More than 27 variants of mattresses are produced by the mattress division on state-of-the-art machinery of American and European pedigree.
The Company has also set up Sobha Academy, a training centre that offers world-class training in building construction with state-of-the-art facilities.
Sobha is a process driven organization and is amongst the first companies in the industry to obtain the ISO 9001 certification. The company has also received the OHSAS 18001:2007 and ISO 14001:2004 certifications for Environmental, Health and Safety Management Systems.
The Company believes that for the overall well-being of the society, a comprehensive and sustainable development of rural India is a must. It is in this context that Graamasobha, a unique social developmental programme was initiated by the Company in 2006 in two grama panchayaths in Palakkad district of Kerala. The programme covers verticals like education, health, employment, water, sanitation and housing besides various social empowerment measures.
Sobha has been honoured with over 100 prestigious awards by various institutions of repute. These include ‘Most Reliable Builder Award’ by CNBC, ‘Top Indian Real Estate Company’ by Dun & Bradstreet, ‘India’s Top 10 Builders Award’ by Construction World, ‘Best Building Award’ by CIDC, ‘Best Office Space Design’ by GIREM, ‘Best Annual Report in Real Estate Worldwide’ by LACP, ‘Muthiah Kasi Award for Value Engineering’ by INVEST and ‘Employer of the Year Award’ by Realty Plus, amongst many others.
Multiple laurels have also been showered on the founder and Chairman Emeritus, Mr. P.N.C. Menon which include ‘Pravasi Bharatiya Samman Puraskar’ conferred by the Government of India and ‘Lifetime Achievement Award for Real Estate’ by NDTV. Mr. Ravi Menon, Chairman, has been honoured with the ‘Pathfinders Award for Most Enterprising CXO’ by Realty Plus. The Vice Chairman & Managing Director, Mr. JC Sharma, has been voted ‘Asia’s Best Property CEO’ by Institutional Investor Magazine.
Sobha is an organisation where quality meets excellence, technology meets aesthetics and passion meets perfection.