Sobha Sets Foot in Mumbai With a Massive 310-Home Project, Market Buzz Builds
Sobha Sets Foot in Mumbai With a Massive 310-Home Project, Market Buzz Builds
Sobha Limited announced the launch of its first project called ‘Sobha Inizio’ in Mumbai with an objective of expanding its presence in the city. With 310 residential apartments across 64 floors, this project aims to create a lifestyle filled with comforts and luxury because of its access to several amenities, connectivity to major areas and a beautiful view of the Atal Setu Bridge.

Table of Contents

  1. Introduction
  2. Why Choose Sobha Inizio?
  3. About Sobha Limited
  4. Conclusion
  5. Faq's

Introduction

Bengaluru based real estate company Sobha Limited is one of the leading firms of the country, known for its strong presence in 27 cities across 14 states, delivering over 148 million sq ft of developable area. On November 24, the company made an announcement of the launch for its first project called 'Sobha Inizio' in the Mumbai city. The company has revealed that spreading across 1.038 acres, this project will be comprising 310 residential apartments.

Why Choose Sobha Inizio?

Located in close proximity to Atal Setu Bridge, along the Eastern Waterfront, this project offers apartment configurations ranging from 1BHK to 3BHK residency units, consisting of 64 floors. As per the company's statement, the prices for each apartment configuration is revealed such as:

  • 1BHK apartment units - Rs 2.8 crore
  • 2BHK apartment units - Rs 4.77 crore
  • 3BHK apartment units - Rs 5.75 crore

With access to some of the premium lifestyle amenities such as games lounge, fitness center, salon and 63rd floor dedicated for a clubhouse, it aims to create a lifestyle blended in well with comforts and luxury. The 2BHK and 3BHK apartments offer a beautiful view of the Atal Setu Bridge, providing a calm retreat to the homebuyers who prefer elevated living.

Another driving factor of this project is its seamless connectivity to other major areas of the city such as Worli, Lower Parel, Nariman Point, BKC and Navi Mumbai, contributing to an easy and convenient lifestyle.

About Sobha Limited

With sales-bookings of more than Rs 3,981 crore in the six months of this financial year, it has executed a growth of 30 per cent year-on-year. Sobha Limited's net profit was at Rs 26.08 crore which has seen an impressive increase in the second quarter of this financial year which stands at Rs 72.52 crore.

The company's total income from previous year's July-September period of Rs 965.29 crore has been increased to Rs 1,469.3 crore this fiscal year's equivalent period. During the previous financial year, Sobha Limited sold properties worth Rs 6,276.5 crore.

Conclusion

Sobha Limited's Deputy Managing Director, Nisanth MN, said about making developments that are well thought out and creating residencies with great precision. With aims to cater to Mumbai's sophisticated buyer communities, this company integrates authenticity and craftsmanship to create homes that sets a standard in the real estate industry. Sobha Inizio's impressive view of the Atal Setu Bridge paired with the access to high-end amenities, Sobha Limited is setting its footprint to make a mark in Mumbai city with the launch of its first project.

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