Sobha Sector 63A Gurgaon : Sobha Ltd Set For Major Joint Development in Sector 63A, Gurgaon
Sobha Ltd set for major joint development for a group housing project in Sector 63A, Gurgaon
Sobha Sector 63A GURGAON: Gurgaon’s real estate is rushing towards its peak and Bengaluru-based Sobha Ltd does not want to be left out in the cold. In a bid to gain strong foothold in the North, Sobha has announced signing of an agreement with RAMAPIR Property Developers Pvt. Ltd for development of another luxury housing project spread over 12 acres at Sector 63A.
This is going to be Sobha’s third project now in the Millennium City along with its completed desirable projects in Sector 99 and Sector 63. Here’s why this deal is proving to be so noteworthy.
The Power of the JDA Model
In a market like Gurgaon wherein most of the prime land is being purchased at highly expensive rates, Sobha has been taking a ‘Asset Light’ approach. By forming a JDA with a domestic player, Sobha can:
Drive Down Upfront Costs : Rather than spending all of the cash to purchase land out right, it offers up some skin in the game for a developer who has then more money to dedicate to higher quality construction.
Speed up Timelines: by leveraging local know-how, strategic partnerships speed up the learning curve, bringing applications to market more quickly.
Location Focus: – Sector 63A & Golf Course Extension
Sector 63A is not an arbitrarily selected venue. The Golf Course Extension Road is now the epicentre of residential luxury Gurgaon.
Infrastructure: The width of the roads are a comfortably wide and in good condition, there is enough ample parking and utilities are very reliable here.
Lifestyle: With high-end condominiums and corporate office parks as well as top-tier schools and lifestyle malls, it is a living environment for high net worth individuals (HNWIs) and families who desire a balanced urban life.
Connectivity: With easy access to the big highways and metro stations, residents are never too far from the centre of Delhi or the business centres of Gurgaon.
Sobha’s Explosive Growth
This announcement comes at a time with Sobha’s phenomenal sales performance.
Record Sales: In FY24, the company had its best year ever with sales of ₹6,644 crore (up 28%).
Ambitious Pipeline: Sobha’s plans to kick-start about 9 msf of residential launches only in FY25.
Huge Land Bank – With project potential pipeline of 25-30 million sq ft in their land bank This Sector 63A project is only an introduction.
What to Expect?
Although the project is early stage, Sobha in “backward integration” model — where it has everything in-house from designs to constructions, guaranteeing high quality. Future residents can expect:
Luxury 2, 3 and 4 BHK Large format Residences.
Recent styles such as clubhouses, gardened landscapes and sophisticated security systems.
Along with sustainable and creative architectural styles that have become the hallmark of Sobha.
The Bottom Line
Momentum is building as a stamp duty of ₹4.3 crore being already paid for the deal registration. While Gurgaon, this micro-market is drawing end-users and end-user demand for luxury living, Sobha’s entry in to the sector 63A will provide both investors as well as homebuyers with an eminent value-sharing proposition amongst different parts of the city.
