Sobha Limited plans significant market expansion in India.

Bangalore based real estate player Sobha Limited is eying to double its size by adding new sales of 7 million sq feet. Also, with its unique backward integration model, Sobha is strengthening its position material suppliers market.

J C Sharma, vice chairman and managing director, Sobha said, 'We have seen an improvement in the market sentiments post the formation of the new government. Despite this, the real estate sector is yet to be benefited by the positive change in the economic conditions. Given the current scenario, we are of the opinion that recovery is not far away for the real estate sector.'

The company is currently developing 50 projects covering 24 million sq ft of saleable area. It has presence in 24 cities across 13 states.

BS