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Company Name : SOBHA Limited

Tuesday, December 19, 2017 12:47PM IST (7:17AM GMT)

(BSE:532784)(NSE:SOBHA)

SOBHA and Puravankara Launch Marina One - Kerala's Premium Waterfront Residential Project


Bengaluru, Karnataka, India

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  • Mr.Mr. P.N.C. Menon, Chairman Emeritus, SOBHA Group and Mr. Ravi Puravankara, Chairman, Puravankara Group inaugurating the launch event of Marina One in Kochi. (L-R) Mr. Madhu Ramaswamy, Vice President & Head of Sales & Marketing – Kochi, SOBHA Limited; Ms. Amanda Puravankara, Director, Puravankara Group; Mr. Nani R. Choksey, Joint Managing Director, Puravankara Limited; Mr. J.C. Sharma, Vice Chairman and Managing Director, SOBHA Limited; Mr. Ravi Menon, Chairman, SOBHA Limited; Ms. Sobha Menon, wife of Mr. PNC Menon and daughter Ms. Revathi Menon are also seen
 
SOBHA Limited and Puravankara Limited, in co-ownership, launched Marina One, one of Kerala's largest Super Luxury waterfront homes in Kochi. Located in the heart of the city along Marine Drive amongst tranquil oceans views, the project offers an exclusive unmatched opulence.

Marina One has the unique distinction of a pristine 497-metre waterfront the likes of which Kochi is yet to witness. The proposition offering is of 1141 homes in total in 3BHK+study and 4BHK, ranging from 2296 sq. ft. to 3710 sq.ft. of super built up area. These homes are arranged in a unique C-shaped design to offer splendid waterfront views to all the homes. Marina One is centrally located in the heart of the city and offers access to several super-specialty hospitals, some of the city's best educational institutions, malls, markets, places of worship and much more.

Speaking on the occasion, Mr. Ravi Menon, Chairman, SOBHA Limited said, "Kochi is fast emerging as the commercial and industrial hub of Kerala. Industries such as tourism, spices, seafood, shipping and international trade are thriving in the city in recent times. The IT and ITES sector has also shown remarkable growth towards transforming the city into a key IT hub. This has augmented the demand for luxury housing in the city, reflecting the aspirations of people. Kochi is also among the fastest growing 'tier II' cities in India with a major thrust on the real estate, making it a profitable investment option for Indians and NRIs. With Marina One, our aim is to meet the expectations of quality conscious and value discerning customers looking for luxury, style and comfortable living."

Ashish R. Puravankara, Managing Director, Puravankara Limited said, "We have been upbeat about the Kerala market. A lot of HNI Indians, along with NRIs from the US, UK, Singapore and the well informed local population see Kochi as an investment destination. Kochi too has undergone transformation since the time we started operations here in 2005. The city is now well connected with the Metro line, has access to world class healthcare and educational facilities which have resulted in the growth of luxury home market. Marina One is another testimonial to the home buyers' penchant to invest and settle in God's Own Country. We have used the state-of-art construction technology, unique design aesthetics and bespoke landscape which brings luxury at its best."

The residents of Marina One will have exclusive access to an expansive 5-acre Urban Park at the centre of 16.7 acres property. There is a large array of amenities offered in the Urban Park such as two vast swimming pools, including a 50-metre lap pool, mini theatre, landscaped parks and walking zones, kids' play area, community spaces and expansive greenery all along it. Additionally, it offers a luxurious club-house replete with sports and lifestyle spaces such as badminton courts, gym, spa, sauna and a convenience store.

About SOBHA Limited

Founded in 1995, SOBHA Limited is one of the fastest growing and foremost backward integrated real estate players in the country. It means that the company has all the key competencies and in-house resources to deliver a project from its conceptualization to completion. SOBHA is primarily focused on residential and contractual projects. The Company's residential projects include presidential apartments, villas, row houses, super luxury & luxury apartments, plotted developments and aspirational homes. In all its residential projects, the company lays strong emphasis on environmental management, water harvesting and highest safety standards. On the contractual projects side, the Company has constructed a variety of structures for corporates including offices, convention centres, software development blocks, multiplex theatres, hostel facilities, guest houses, food courts, restaurants, research centres, and club houses. For more information on SOBHA Limited, please visit: www.sobha.com

About Puravankara Limited
 
Puravankara Limited is a leading real estate company in India established over four decades ago. The company enjoys a large footprint in Bengaluru, Kochi, Chennai, Coimbatore, Mangaluru, Hyderabad and Mysore, Mumbai and Pune and a global presence in the Middle East and Sri Lanka. The company has approx. 35 million square feet of projects which are completed and delivered, and approx. 22 million square feet of projects which are under development. The total land assets of the company is approx. 51 million square feet. The company is listed on the National Stock Exchange of India Limited (NSE) and the Bombay Stock Exchange (BSE). For more information on Puravankara Limited, please visit:  www.puravankara.com


Click here for Media Contact Details

Abhinav Kanchan, Senior Vice President & Head - Corporate Communications, SOBHA Limited, +91 (80) 49320000 Ext. 6029, abhinav.kanchan@sobha.com

Ms. Minol Ajekar, Head - Corporate Communications, Puravankara Limited, +91 (80) 4242900, minol@puravankara.com


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News Summary

SOBHA Limited and Puravankara Limited, in co-ownership, launched Marina One, one of Kerala's largest Super Luxury waterfront homes in Kochi.