Sobha Developers Limited (SDL), today, announced the launch of its first presidential villas project “Sobha Lifestyle” in Devanhalli in Bangalore. Apart from being the first presidential villas by SDL, Sobha Lifestyle is also the largest villa project by the company in Bangalore. The announcement was made by Mr. J C Sharma, Managing Director, Sobha Developers Ltd. at a press conference in Bangalore. Gen Mathew Mammen, Executive Director, Mr. Raghav Menon, Director, Mr Sandeep Guhathakurtha, Senior Vice President, corporate, Marketing & Communication and Ms Geetha Nair, Senior Vice President were also present during the press briefing.
Sobha lifestyle is spread across 55-acre, with 165 villas on sites measuring from 5,000 to 10,000 sq ft. Each villa would have an open space ranging from 50% to 52% of the total plot area. The project has 20% of the total land dedicated to open space resulting in a total of 10 acres of green spaces and 17 acres of paved open spaces. Located just 8 KM from the New Bangalore International Airport, Sobha lifestyle has panoramic view of Nandi Hills. The project cost is estimated to be approximately Rs. 250- 260crore. SDL aims to complete the project by the end of 2010.
Speaking at the press conference, Mr J C Sharma, Managing Director, Sobha Group said, “Sobha Developers has been delivering quality projects in Bangalore. Sobha Lifestyle is the first venture of its kind in India with complete world-class infrastructure. At Sobha Lifestyle Luxury would be the Norm and Quality the Rule. A prestigious project for SDL, it will provide exclusive spaces for the elite.”
He further added “With Sobha Lifestyle, the company would be setting standards for construction excellence in the Industry. Sobha Lifestyle has been conceived as an urban development project with prominence on environmental policies. The project complies with environmental norms of conserving natural resources. Each villa has been designed in harmony with natural features and resources surrounding the site. “
During the construction Sobha would be adopting environmental friendly measures like usage of local sources for building materials, onsite renewal energy mechanism and optimised technical systems.
Project highlights
Urban development project complying with environmental policies and conserving natural resources
Usage of solar panels, rain harvesting, recharge pits to replenish ground water table
Planting of local trees and shrubs along the water bodies to enhance biodiversity.
Landscaped boulevards, parks, wide roads (ranging from 12 to 18 meters).
Residential space with 165 presidential villas on plots, measuring between 5000 to 10000 sq ft spread across 55 acre.
State-of-art club house measuring 86031 sq ft offering
o Gymnasium with steam, sauna & Jacuzzi
o Swimming pool
o Multipurpose party hall
o Table Tennis room
o Reading, card and carom room
The other amenities will include amphitheatre, tennis court, children’s play area, jogging track and CCTV for security
Proximity to new Bangalore International Airport
Sobha Lifestyle has been designed by a team of in-house architects driven by passion combining the latest technology. Sobha Lifestyle Villas would be known for its innovative design and unique architecture. The water bodies, designer parks and manicured lawns would enhance the extensive ground level greenery.
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About Sobha Developers Ltd.
Sobha Developers Ltd is a recognized leader in real-estate development business, delivering international quality products of superior finish and services through benchmarked practices. The company was incorporated in the 1995 under the chairmanship of Mr PNC Menon. Apart from being the first ISO 9001 (1994 series) company in its category in India, the company has also been certified for the ISO 9001 (2000 series) for adhering to global standards in quality.
Sobha Developers has a unique business model where backward integration of all its processes has been the key driver for its high standards in quality. It has been at the forefront adopting the world-class building techniques and now enjoys an ever-widening reputation for reliability, dependability and transparency.
As of February 29, 2008, Sobha has completed 50 residential/commercial in-house projects and 105 contractual projects covering about 11.79 million square feet of area. Being the `preferred builder for Infosys’, SDL has approximately 8.3 mn sq ft under construction for the corporate giant. It currently has 56 residential/contractual ongoing projects. Contractual projects have been constructed by Sobha Developers in Karnataka, Kerala, Andhra Pradesh, Orissa, Tamil Nadu, Punjab, Haryana, NCR and Maharashtra.
