Bangalore-based real estate player Sobha Developer is foraying into Hyderabad and has set up an office in that city.
The company which launched Garnet III, a new realty project in Pune, and its fifth project here, said it has land parcels of 50 acres in Pune in Chandkhed and Sanaswadi.
During the current fiscal, Sobha will make a foray into three new geographies — Kochi, Kozhikode (Calicut) and Noida/Ghaziabad region. Sobha is also exploring opportunities in the Hyderabad realty market. The company is also committed to work within the debt-equity ratio of 0.6.
In the third quarter of FY 13, it sold 0.9 million sq. ft. of new space valued at Rs 5.33 billion at an average price realisation of Rs 5,910 per sq. ft.