Sobha Developers launches two projects in Chennai

Chennai: Bangalore headquartered Sobha Developers Limited today announced their foray into Chennai residential market launching two ventures with a combined project size of over Rs 400 crore.

Company Managing Director J C Sharma announced the launch of Sobha Merrita and Sobha Serene at Kelambakkam and Porur on the city outskirts respectively.

This was the second residential project by the developer in the state after its projects in Coimbatore though the company was executing “contractual projects,” for IT firms Infosys and Dell in Chennai, he told reporters here.

Coming up over six acres with various amenities, Sobha Meritta had a project size of Rs 300 crore, TP Sanjaya Sarathy, Regional Director of the firm said.

He added that Serene was of a project size of Rs 120 crore and coming up at Porur over 3.15 acres.

There was “overwhelming response to the soft launch and good buyer interest,” he said adding the company was looking at implementing various projects, including Villas in Chennai.

A company release said Sobha Developers had completed 73 real estate and contractual projects as of September 30, 2011 with a total developed area of 47.37 million sq.ft.

“We currently have 45 ongoing real estate projects in six cities across the country,” it said. Source>>>