Bengaluru: Sobha Ltd has Pre Launched affordable segment – Sobha Dream Apartments – to mark its roadmap into affordable apartments segment. The company has launched Sobha Dream Acres apartments, the first project under the new Affordable segment. Sobha ltd will be selling flat units ranging from 650 sq.ft to 1,200 sq.ft @ a price tag of Rs 5,000 per sq.ft.
The project “Sobha Dream Acres” is located near Balagere on the outer circle of Bengaluru and very nearer to the city’s IT corridor at Whitefield. With a total sellable area of 10.26 million sq.ft, ‘Sobha Dream Acres apartments’ is spread on a total land area of 81 acres. It will comprise of 1 BHK and 2 BHK units. In the first phase, it will start developing 2 million sq.ft and a total of 7,000 units in phases. The project will have 80% green space for sports and recreational facilities as also natural lighting and ventilation, Ravi Menon, Chairman
“We have been planning for this project for the past one and a half years and have drawn inspiration from Finland and Singapore developers. We will use precast technology and German machinery to build houses in lesser time. The execution of the project will be in-house as always, aligned with our ‘never compromise’ philosophy,” Menon said.
J C Sharma, Vice Chairman and Managing Director, Sobha Ltd said, the project will be developed in 5 phases. The ‘Sobha Precast’ plant erected at the project site is probably one of the largest and most modern set up catering to the large scale construction, he said.
‘Sobha Dream Acres apartments’ is located in the midst of the four major arterial roads in the city – the Outer Ring Road (ORR), Marathahalli road, Varthur road and Sarjapur road – aptly termed the ‘Golden Quadrilateral’.
“A unique feature of this project that makes it different from our other projects is the use of Precast technology. The ‘Sobha Precast’ plant will allow modular structures to be built and assembled with ease, by means of mechanisation and thus help reduce delivery timelines,” Sharma added.