Sobha, which has hitherto been engaged into high end projects, is 1st time involving itself into the mid-income category through the Sobha Green Acres. The project will involve 6000 apartments spread across an area of 81 acres and will be priced between 31.2 to 57.6 lakhs. The project is being developed near Balagere road and is surrounded by some of the key locations such as Varthur, Sarjapur and Bellandur in its very close vicinity.
The cost of the project, which is INR 4,800 per sqft, is an altogether different entity from other major Sobha properties such as Sobha Iris, Jasmine and Carnation which are located in the nearby areas but are priced much higher. Likewise the project is also priced moderately in contrast to other major residential projects in the location such as Mantri Glades and Sterling Ascentia.
Interestingly the project which involves all the major amenities which are associated with a high end project such as swimming pool, gymnasium, indoor games and 24X7 securities etc. With all the major aspirational facilities available at an effective cost, the project can be big game changer in the realty landscape of Bangalore, as it should be a big hit among the large populace of the mid-income professional employed in the nearby IT, ITES and other MNCs, who have mid budgets but higher aspiration. Given the location of the project, it also offers a suitable investment opportunity in the coming time as the price is expected to appreciate in the coming time.
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