Sobha Enters 12-Acre Joint Venture in Sector 63A, Gurugram for Premium Residential Project

Leading real estate developer Sobha Ltd has expanded its footprint in Gurugram through a significant joint venture with local landowners in Sector 63A, covering a 12-acre land parcel along the strategic Golf Course Extension Road corridor.

The deal, formalized in July 2024, is structured under a Joint Development Agreement (JDA) with a private landholding entity Possibly JMD, though the partner’s name has not been publicly disclosed. The JV strengthens Sobha’s position in the premium residential market of Gurugram, aligning with its broader strategy to launch over 9 million sq. ft. of new residential projects in FY25.

Project Snapshot

• Joint Development Agreement with a Gurgaon-based entity.
• Land Size: 12 acres situated on Golf Course Extension Road in Sector 63A, Gurugram.
• RERA Details: Deal registered July 12, 2024, with stamp duty paid around ₹4.3 crore

Development Highlights

• A planned premium residential complex featuring 2–4 BHK apartments in mid- to high-rise towers (G+14 levels).
• Designed as a boutique, IGBC-Gold rated community with abundant green spaces, modern amenities, clubhouses, sports facilities, and sustainable infrastructure

Backed by Sobha’s brand reputation for timely delivery and construction quality, making it an attractive asset