Sobha Ltd. Wins Laurels for ‘Best Practices’


Bengaluru: After standing at the top of the Brand Rating for the last two consecutive years, Sobha Ltd. has yet again proved its market differentiation. The company has been ranked number one in Track2Realty’s Best Practices Report-2017, one of the most credible works done by the country’s real estate think-tank group. This is first of its kind in-depth report on best practices prevalent in real estate sector in the country. As a matter of fact, out of the ten metrics that were evaluated in this study for ‘Best Practices’, Sobha clinched top position in six.

The methodology employed towards this in-depth study was rigorous and versatile. Top 100 companies in the real estate sector in the country were picked up and evaluated. The companies were picked up based on their market size, market impact, market differentiation/contribution, investors’ choice and public perception. These companies were thereafter evaluated on the defined metrics of Fiscal Management, Execution, Market Depth, Consumer Connect, Transparent Deals, Functional Professionalism, Care, Employer, Communication and Desirable Practices.

Ravi Menon, Chairman, Sobha Ltd. said. “This recognition is extremely humbling. This has completely vindicated our company’s philosophy which was thoughtfully delineated 22 years back by our founder P N C Menon. Sobha’s unique backward-integrated model has proven its mettle time and again and has helped us to hold our head high even during times of deep distress. We thank our founder for his foresight.”

Sobha has been the first among the 10 developers across the Indian markets that could get A+ (Outlook Positive) rating in Track2Realty Best Practices Report 2017.