CARE has assigned ‘PR1’ rating to the short term debt issue of 200 crores to Sobha Developers Ltd for a maturity upto 1 year.
Sobha developers have a very good reputation in bangalore, it has completed over 24 projects in bangalore with 4.60 mn sq ft of super built up area and about 94 contractual projects in eight states covering about 9.80 mn sq ft of super built up area.
Most of the residential and commercial complexes have been executed in bangalore while most of the contractual projects were executed for Infosys.
