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.