New jt venture to focus on software, industrial parks
In a regulatory filing to the stock exchanges on Wednesday, the company informed that CVS Techzone LLP was incorporated on September 8, for the development of a tech park on a joint venture basis.
Sobha is the most trusted brand in Indian real estate and considered to be the only backward integrated real estate player in the country. The goodwill and customer loyalty that the company enjoys in the market is testimony to the reputation it commands in the country’s property development market
“The main objective of the newly incorporated company is to acquire, promote, develop and improve software technology parks, industrial parks etc in the country,” the regulatory filing has said.
Founded in 1976, Sobha Group is one of the largest real estate companies in India and the Middle East. The company has established presence in 24 cities with a focus on the UAE’s realty market