The Sobha Group, with a turnover of Rs.11, 193 Million in fiscal 2009-2010, is today a unique success story that is still growing. We anticipate building a presence in varied industries including Hotels & Resorts, Hypermarkets, Home Stores, and Building Materials. We have also ventured into retail development with the launch of The Sobha Global Mall.
The Sobha Global Mall is promoted as the "Shoppertainment" destination of Bangalore where people across the social spectrum will be entertained while shopping. With a shopping complex and amusement park, 192 room plush hotel, convention center, multiplex and smart offices and an Olympic Size ice skating rink, The Sobha Global Mall will be able to fulfill every single customer need under one roof. The mall will have 4500 car parking bays in addition to two wheeler parking and outdoor parking; a discotheque that will accommodate over 1,000 people; plus a variety of other special facilities. Two 5-star hotels in Bangalore and a resort hotel in Cochin are also part of the plans.
In the year 2010-11 the Company plans to launch about 7.72 Million sq. ft. across various market segments. These will be approximately 6.22 Million sq. ft. in Bangalore, 0.2 Million sq. ft. in Coimbatore, 0.5 Million sq. ft. in Chennai, and 0.3 Million sq. ft. in Pune. The land required for proposed launches has been fully paid up and the infrastructure needed for development is in place.
It is heartening that, even in the face of such enormous expansion and change, focus on international quality will remain constant and a tenet that all Sobhaites will continue to abide by.
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