Sobha to invest Rs 500 cr on housing project at GIFT City

NEW DELHI: Sobha has forayed into Gujarat property market and will invest Rs 500 crore to develop a housing project in GIFT City. The Bengaluru-based firm will develop nearly 1,000 apartments in this project. "The company will make an investment of over Rs 500 crore towards residential development in Gujarat International Finance Tec-City," it said.