04 Oct 07 Sobha Developers, QVC Realty and Chintels India develop Integrated Township in Gurgaon

Shares of Sobha Developers moved up smartly based on reports that Sobha Developers has partnered with two other Indian real estate firms, to develop an integrated township in Gurgaon, Haryana. The Integrated Township will be built on a land parcel of 192 acres and the total development area being 65 lakh square feet. The Gurgaon Integrated Township project will require an investment of Rs. 2000 crores from the 3 companies. Apart from Sobha Developers, QVC Realty and Chintels India are the other companies in the consortium.

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