Sobha ltd has signed MOU for Joint Venture in Badarpur Delhi with Hume Pipe

Sobha ltd has signed MOU for Joint Venture in Badarpur Delhi with Hume Pipe

admin

9 year(s) ago

Sobha Ltd and Hume Pipe Company Partner for Delhi Housing Project. Sobha Ltd., a renowned pan-India developer, has joined forces with Hume Pipe Company to develop a residential group housing project. The agreement involves utilizing Hume Pipe Company’s industrial land in Badarpur, Delhi, which spans approximately 296,062 sq. ft. Sobha ltd has signed MOU for Joint Venture in Badarpur Delhi with Hume Pipe

This is a Memorandum of Understanding (MoU) signed on May 14, 2015. Following the land-use conversion from industrial to residential, a formal development agreement will be established.

The revenue generated from the project will be shared, with 48.50% going to Hume Pipe Company and 51.50% to Sobha Ltd. Additionally, Sobha Ltd. has been granted a limited Power of Attorney to acquire necessary permits and approvals for the project’s development.

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article or want to publish your news or article please email news@jvdeals.in

Spread the love

submit your query