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Sobha Limited, a leading real estate developer in India, recently launched Sobha Crystal Meadows, an exclusive collection of 290 English-inspired row homes in Bengaluru. Located off Sarjapur Road, the project reimagines luxury living by providing a blend of contemporary sophistication and timeless elegance. Drawing from Bengaluru's diverse architectural heritage, it offers modern residents a unique fusion of luxury and tradition.
Situated on a 26-acre property, Sobha Crystal Meadows features lavish 4-bedroom, 4-bathroom row homes ranging from 4,237 to 4,815 square feet spread across 4 floors, along with a rooftop terrace. Merging traditional Victorian grandeur with modern design, each row home is priced starting at 10.5 crore rupees, delivering an unmatched lifestyle with world-class amenities and spacious living. 68% of the area is reserved as open space for exclusivity and serenity. This distinctive blend of urban refinement and greenery provides an ideal escape from the city hustle and bustle, ensuring a peaceful, community-focused living experience.
Sumeet Chunkhare, Chief Marketing & Communications Officer at Sobha Limited, stated that Sobha Crystal Meadows is carefully crafted to cater to Bengaluru's C-suite executives by addressing the scarcity of high-end homes off Sarjapur Road, the heart of Bengaluru's commercial hub.
Bangalore-based Sobha Limited primarily focuses on residential and contract projects. Its residential projects include presidential apartments, villas, row homes, super luxury & luxury apartments, plotted developments and aspirational homes.
Sobha Limited recorded a total sales value of INR 1,504 crore in Q4 FY24, up 2.77% from INR 1,463.4 crore in Q4 FY23. However, sequentially total sales decreased 22.93% from INR 1,951.6 crore in Q3 FY24. During Q4 FY24, the realtor launched 4 new residential projects with a total saleable area of 3.17 million square feet. The company's consolidated net profit increased 52.59% to INR 15.08 crore despite a 21.10% decrease in revenue from operations to INR 684.93 crore in Q3 FY24 over Q3 FY23.
Earlier this year, Sobha Ltd completed a INR 121 crore payment to Gurgaon-based Chintels India Pvt Ltd for land within their joint venture project, Sobha International City. This involves two separate land parcels, 2 acres and 5.8 acres, with a stamp duty payment of approximately INR 8.5 crore.
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