Sobha to Build Housing Project in Gurgaon

New Delhi: Realty firm Sobha Ltd has tied up with another realtor Chintels India to develop a group housing project comprising 1,700 flats in Gurgaon at an estimated cost of Rs 1,000 crore.

The 39-acre project, which is expected to be launched by end of next month, would be developed in phases over the next 6-7 years, Sobha Ltd vice chairman and MD J C Sharma said.

“We are coming out with a new group housing project at Gurgaon in partnership with Chintels,” he said, adding that this would be the company’s second project in NCR region.