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SOBHA Limited, established in 1995 by P.N.C. Menon, is a prominent multinational real estate developer headquartered in Bangalore, India, with a significant presence in Dubai, UAE. The company has earned a reputation for delivering high-quality residential and commercial properties across various Indian cities, including Bangalore, Delhi-NCR, Chennai, Coimbatore, Mysore, and Pune.
SOBHA’s commitment to quality is evident through its backward integration model, which encompasses in-house capabilities in design, engineering, and manufacturing. This approach ensures stringent quality control and timely project delivery.
In recent years, SOBHA has expanded its footprint internationally, particularly in the Middle East, operating as Sobha Realty in Dubai and other GCC countries. The company is currently developing Sobha Hartland, an expansive community spread across eight million square feet in Dubai, featuring residential, retail, hospitality, and leisure components.
Despite its growth and diversification, SOBHA has faced financial challenges. In August 2024, the company reported a 50% decline in net profit for the fourth consecutive quarter, attributing the downturn to fewer project launches and reduced sales amid delays in approvals during the general elections.
SOBHA’s dedication to corporate social responsibility is demonstrated through its charitable initiatives. In March 2024, Sobha Realty signed a charitable grant agreement with a UAE-backed aid program to construct a university in Dubai at a cost of 400 million UAE Dirham over four years. Additionally, they plan to establish a 1 billion UAE Dirham endowment fund to support education for millions.
As of 2021, SOBHA employed over 3,000 individuals and maintained a presence in 27 cities across 14 states in India. The company’s diverse portfolio and commitment to quality have solidified its position as a trusted name in the real estate sector.