The Hindu Business Line : First integrated township launched at Thrissur

Thrissur May 13 The Bangalore-based Sobha Developers Ltd (SDL) has announced the launch of its first integrated township "Sobha City" in Kerala at Thrissur on Saturday.

Mr P.N.C. Menon, Chairman, Sobha Developers Ltd, said at a press meet that the company would be investing Rs 850 crore towards the project and aims to complete it by May 2011. Apart from being the first integrated township by SDL, Sobha City is also the largest project by the company till date, he said.

The project will be located in 55 acres of land in Puzhakkal with a man-made lake covering 6.5 acres with a 10 miles walkway around the lake. The company plans to construct 3 million sq ft, which will comprise 2.5 million for residential purpose and the rest for commercial.

According to Mr Menon, tier II cities offer tremendous potential for real estate development. "We aim to capitalise on the growing demands of Tier II cities by offering the best of facilities to the consumers. Sobha City is our effort to fulfil the aspirations of people and will be able to generate substantial employment opportunities for local apart from attracting investments in the region," he added.

Speaking on the occasion, Mr J.C. Sharma, Managing Director, Sobha Developers, said that company also had plans to develop properties in nine cities in different parts of the country. The properties, which would be developed in the current fiscal, would be in Pune, Mysore and Coimbatore.

A team of in-house architects at SDL has designed Sobha City. It will house 423 apartments, 216 four-bedroom apartments and 13 villas in the first phase. It will also house a world-class business hotel with six floors, global mall and entertainment centre.

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