Sobha (company) explained

Sobha Limited
Type:Public
Industry:Real estate development, construction
Founder:P. N. C. Menon
Parent:Sobha Realty
Location City:Dubai, UAE
Revenue: (2021)
Operating Income: (2021)
Net Income: (2021)
Assets: (2021)
Equity: (2021)
Num Employees:3000+ (2021)

Sobha Limited (formerly Sobha Developers Limited) is a multinational real estate developer with its headquarters in Dubai, UAE and a corporate office in Bangalore, India[1]

History

Sobha Realty is an international luxury developer. Established in 1976 as an interior decoration firm in Oman by P.N.C. Menon – an entrepreneur, the company has grown its presence with developments and investments in the UAE, Oman, Bahrain, Brunei and India.

Sobha Limited was founded on 7 August 1995 by P. N. C. Menon.[2] The company is also planning to invest crore residential development in Gujarat International Finance Tec-City (GIFT City).[3] [4] [5]

The company changed its name to "Sobha Limited" on 18 August 2014.[6]

They have achieved growth with backward integration in the construction and real estate development business in India.[7] Their long-term performance has been supported by the in-house production of construction items and furniture. The company has 64 live residential projects currently in the city of bangalore. The company has a geographic presence in 27 cities in 14 states.[8] Internationally, Sobha Ltd has operations running in Oman and Dubai[9] [10] [11] as Sobha Realty.

Portfolio

Sobha Properties boasts a diverse portfolio of projects in Dubai, spanning across residential, retail, hospitality, and leisure sectors. Their property development ventures include:

Notes and References

  1. News: Sobha Developers Company Facts . Moneycontrol . 2013-06-25.
  2. Web site: Sobha: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of SOBHA – NDTVProfit.com. profit.ndtv.com. NDTV Profit. 27 January 2016.
  3. News: Sobha to invest Rs 500 cr on housing project at GIFT City – Times of India. The Times of India. 2018-08-22.
  4. News: Sobha forays into Gujarat with Rs 500 cr investment in GIFT City. @businessline. 2018-08-22. en.
  5. Web site: Sobha to invest Rs 500 cr on housing project at GIFT City. India Today. 16 April 2018 . en. 2018-08-22.
  6. News: Change in Name of the Company from "Sobha Developers Ltd" to "Sobha Ltd". 30 September 2015. thehindubusinessline. thehindubusinessline.com. 19 August 2014.
  7. News: Sobha Developers Real Estate company in India . Karnataka.com . 2013-06-25.
  8. News: Sobha Developers Company Locations. 2020-07-02. Magic Bricks.
  9. News: Sobha city Project . khaleej Times . 2012-02-06.
  10. News: India's Sobha Developers Meydan Dubai Project. Gulf News . 2013-06-29.
  11. News: Sobha Ltd Q3 profit rises marginally. 18 February 2015. 12 February 2015.
  12. Web site: Raza . Ahmad . 16 April 2024 . Sobha Orbis at Motor City by Sobha Realty . 16 April 2024 . My Off Plan Investment.
  13. Web site: Raza . Ahmad . 14 May 2024 . Sobha Reserve Villas at Wadi Al Safa 2 by Sobha Realty . 14 May 2024 . My Off Plan Investment.