Sobha Developers Plans $107 Million New Delhi Project

Sobha Developers Ltd., the best performing stock on the Bombay Stock Exchange Realty Index this year, plans to start a 5 billion rupee ($107 million) project in a New Delhi suburb to build luxury homes as the economy expands.

“We are entering the golden era in real estate now,” J.C. Sharma, managing director of the company said in an interview. “Residential houses are showing signs of robust recovery. The growth phase has started now.”