Friday, December 28, 2012

Sobha bags two prestigious CNBC Real Estate Awards (2012)

Company wins the Most Reliable Real Estate Developer Award – Consumer Choice

Sobha Elite honoured with the Best Residential Project

Bangalore, December 24, 2012: Realty major Sobha Developers Ltd. has been bestowed with two

valuable recognitions at the CNBC Awaaz Real Estate Awards, which were held on December 22, 2012, at

Hotel Trident, Nariman Point, Mumbai.

Sobha was declared the Most Reliable Real Estate Developer as voted by consumers at the national

level. One of the company’s projects, Sobha Elite, won the Best Residential Project in the mid segment

category (Rs. 35 lakh – Rs. 1 crore, with 70% or more completion) at the city level.

The award was received by Mr. Ramakrishnan P., Deputy Managing Director, Sobha Developers

Ltd., from Shri Ajay Maken, Minister of Housing and Urban Poverty Alleviation. The award for

Sobha Elite was received by Ms. Shilpika Grover, AVP – National Sales, Sobha Developers Ltd.

Expressing his happiness on the receipt of the awards, Mr. Ramakrishnan P., said, “Our customers are the

heart of our operations. I would like to take this opportunity to heartily thank each and every one of them for

their kind patronage. We, at Sobha, pledge to continue enhancing customer experience through world-class

quality and impeccable service.”

Commenting on the achievement, Mr. J.C. Sharma, Vice Chairman and Managing Director, Sobha

Developers Ltd., said, “The ‘Most Reliable Real Estate Developer Award’ means a lot to us. Behind this

success are well designed systems and processes that incorporate transparency, a value-driven and customer

centric approach and reliability – all in line with the best global practices. We take it as a challenge to

successfully meet the constantly growing demand for real estate through quality work and timely deliveries.

We will continue to follow the path of perfection. I thank all our stakeholders for their continued support.”

CNBC Real Estate Awards are the most respectable ones in the real estate sector. These awards aim to

recognise and appreciate leading developers who have played a vital role in the growth of the sector with

their high quality projects. This year the focus of the jury was primarily on efficient project management and

measuring customer satisfaction.

Over the years, Sobha has metamorphosed into one of the fastest growing real estate companies in the

country. The Most Reliable Developer Award is an endorsement of the Company’s focus on every minute

detail, innovation, fair play, ethics and community care.

The apartments of Sobha Elite, located in the heart of West Bangalore, marry quality and aesthetics for a

distinctive lifestyle. Spread over an area of 20.3 acres, the 3BHK units are range from 1,651 to 1,789 sq. ft.

The project has an excellent host of amenities and a serene atmosphere through its ample green spaces.

About Sobha Developers Ltd.: A Truly Global Indian Company

Founded in 1995, Sobha Developers Ltd., a Rs. 15 Billion company, is the only backward integrated real

estate player in the country. It means the Company has all the key competencies and in-house resources to

deliver a project from its conceptualisation to completion.

Sobha is primarily focused on residential and contractual projects. The Company’s residential projects

include presidential apartments, villas, row houses, luxury, super luxury & moderately priced apartments

and plotted development. In all its residential projects the Company lays strong emphasis on environmental

management, water harvesting and high safety standards.

On the contractual side, the Company has constructed a variety of structures for corporates including offices,

convention centres, software development blocks, multiplex theatres, hostel facilities, guest houses, food

courts, restaurants, research centres, and club houses.

Sobha’s superior quality execution capability is its core strength. As of September 30, 2012, in the past 17

years since its inception, Sobha has completed 81 real estate projects and 221 contractual projects covering

about 53.73 million sq. ft. The Company currently has 39 ongoing residential projects aggregating to 24.54

million sq. ft. of developable area and 17.35 million sq. ft. of super built-up area, and 41 ongoing contractual

projects aggregating to 9.93 million sq. ft. under various stages of construction.

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