Sobha To Invest Rs 8 Billion In Greater Noida Luxury Towers
Real Estate

Sobha To Invest Rs 8 Billion In Greater Noida Luxury Towers

Bengaluru based developer Sobha Ltd will invest about Rs 8 billion in a new luxury residential scheme in Greater Noida, expanding its footprint in the Delhi NCR market.
Branded Sobha Aurum, the project comprises two towers of more than 45 storeys and 420 premium flats in Sector 36. Prices start at Rs 11.2 million for a one bedroom home, rising to Rs 34.8 million for a four bedroom unit. Select apartments feature private terraces and corner balconies.
Sobha acquired the 3.46 acre plot for roughly Rs 1.6 billion at auction and expects total development outlay to reach about Rs 8 billion. With a build potential of 0.93 million sq ft, the scheme already holds all statutory approvals.
More than 2.5 acres will remain as landscaped open space, including a 15,072 sq ft clubhouse, lap and leisure pools, a children’s play area, a multi sport court and an exhibition lawn.
The company’s Managing Director, Jagadish Nangineni, said entering Greater Noida “marks a significant new chapter” and will set a fresh benchmark for luxury living in the region. Sobha previously delivered Sobha International City on the Dwarka Expressway in Gurugram; Aurum is its first Greater Noida venture and fifth project in Delhi NCR.

Bengaluru based developer Sobha Ltd will invest about Rs 8 billion in a new luxury residential scheme in Greater Noida, expanding its footprint in the Delhi NCR market.Branded Sobha Aurum, the project comprises two towers of more than 45 storeys and 420 premium flats in Sector 36. Prices start at Rs 11.2 million for a one bedroom home, rising to Rs 34.8 million for a four bedroom unit. Select apartments feature private terraces and corner balconies.Sobha acquired the 3.46 acre plot for roughly Rs 1.6 billion at auction and expects total development outlay to reach about Rs 8 billion. With a build potential of 0.93 million sq ft, the scheme already holds all statutory approvals.More than 2.5 acres will remain as landscaped open space, including a 15,072 sq ft clubhouse, lap and leisure pools, a children’s play area, a multi sport court and an exhibition lawn.The company’s Managing Director, Jagadish Nangineni, said entering Greater Noida “marks a significant new chapter” and will set a fresh benchmark for luxury living in the region. Sobha previously delivered Sobha International City on the Dwarka Expressway in Gurugram; Aurum is its first Greater Noida venture and fifth project in Delhi NCR.

Related Stories

Gold Stories

Next Story
Real Estate

L&T Wins Mega Order for India’s Largest NVIDIA B300 AI Factory

Larsen & Toubro (L&T), through Vyoma.AI’s AI infrastructure subsidiary LTN Compute, has secured a mega order to develop what the company describes as India’s largest single-cluster AI infrastructure facility. The NVIDIA B300 AI Factory will support US-based AI cloud company Together AI’s platform for large-scale inference, fine-tuning and training workloads.The integrated AI Factory will be hosted at Vyoma.AI’s Chennai data centre campus and will have a capacity of 10,000 NVIDIA B300 GPUs. The platform will combine hyperscale data centre infrastructure, accelerated computing, h..

Next Story
Infrastructure Urban

Autodesk Elevates Nikhil Bagalkotkar to Lead AEC in India, SAARC

Autodesk has elevated Nikhil Bagalkotkar as Head – Architecture, Engineering and Construction (AEC), India and SAARC, with immediate effect.In his new role, Bagalkotkar will lead Autodesk's AEC business strategy across the region and drive adoption of the company's Design and Make platform. He will also focus on promoting digital design and construction technologies to help customers accelerate innovation and deliver more sustainable and resilient infrastructure.Bagalkotkar will be responsible for expanding Autodesk's AEC business, strengthening customer and partner engagement, and accelerat..

Next Story
Real Estate

Listed Developers' Pre-Sales Seen Rising 22.3 Per Cent in FY27

India's leading listed residential developers are expected to sustain strong sales momentum in FY27, with combined pre-sales of 11 major players projected to rise 22.3 per cent year-on-year, according to an analysis by ANAROCK Research & Advisory.Combined pre-sales of the developers are estimated to increase from Rs 1.49 trillion in FY26 to Rs 1.82 lakh crore in FY27. ANAROCK attributed the growth to sustained end-user demand, new project launches and strong execution despite higher property prices, construction costs and global uncertainties.Dr Prashant Thakur, Executive Director and Head..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement