Browsing: PNC Menon

Industry Movement Sobha Realty Dubai, Sobha Realty Middle East, Sobha CSR, University of Dubai, Real Estate News, Property Market News

Sobha Realty signed a charitable grant agreement to establish an AED 400 million endowment university in Dubai

In the presence of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Vice Chairman of the Board of Trustees of Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI), MBRGI and Sobha Realty signed a charitable grant agreement for the establishment of an endowment university in Dubai, as part of the Mothers’ Endowment campaign, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to honour mothers by establishing an AED 1 billion endowment fund supporting the education of millions around the world.

Editorial PNC Menon, Sobha Limited, Sobha Dubai, Dubai Real Estate, Best brands. Real Estate Brands, Legends of Real Estate, Real Estate Veterans

Quality & legal compliances key for global brand success: PNC Menon

While other developers aspiring to go global are tying up with international brands, PNC Menon, founder and Chairman Emeritus of Sobha Group believes in organic growth of the brand. In an exclusive interview with Ravi Sinha at his Dubai office, he explains how Sobha has the inherent resilience to succeed anywhere in the global market. Focus on quality & don’t break the law is his mantra of global brand leadership. 

Company News One Park Avenue, Sobha Hartland, Dubai Properties, Sobha Realty, Sobha in Dubai, Top Brands of Dubai Property, Indians Investing in Dubai

Sobha Realty announces impressive sales value of AED1 billion

Dubai has always been a popular destination for Indians, not just for vacationing and shopping, but for the overall aspirational lifestyle it offers. Due to Dubai’s diverse population and cosmopolitan lifestyle, the city offers its residents and businesses a unique environment enriched with hundreds of cultures and a quality of life and work unrivalled in the Middle East.

Editorial PNC Menon, Sobha Chairman Emeritus, Sobha Limited, Sobha Realty, Sobha in Dubai, Brand leadership in real estate, Best real estate brand, India real estate news, Indian realty news, Real estate news India, Indian property market news, Investment in property

Quality & adherence to law key for global brand success: PNC Menon

Backward integration definitely helps and my reason for backward integration is that I have total control over quality. I come from that industry where I had been into contracting for the last 40 years. Real estate for me is only for the last 20 years. I have since beginning worked on very high-end contracts, including design. So, I have the knowledge coming from the grassroot level of contracts. Eventually I thought I should do real estate also while doing contracts outside.

Beyond Headlines Sobha Logo. Sobha Ltd, Bangalore real estate, India real estate news, Indian property market, Track2Realty

Sobha Limited Q1, FY19 PAT up by 8.8% at INR 534 million

This was also the first quarter where the new accounting standard of IND AS 115 was followed by the company, which uses the project completion method instead of the existing percentage completion method. While some fluctuations in reporting the income are expected, there is no impact on the company’s cash flow or income tax liability, as the company continues to follow percentage completion method under Income Computation and Disclosure Standards (ICDS) for income tax purpose. In other words, it is a compliance requirement which will not have any impact on the overall business of the company. We are confident that on completion of some of the ongoing projects in this financial year, the overall income growth momentum will be maintained

Market Rating Dubai real estate, Dubai property market, Dubai for investment, Dubai for Indian buyers, Indian homebuyers in Dubai, India real estate news, Indian realty news, Real estate news India, Indian property market news, Investment in property, Track2Realty

HNIs find Dubai property attractive than India

In terms of price point luxury properties in Dubai are more attractive than any such option in Mumbai and Bangalore. Moreover, the kind of rental returns that are there in the gulf city is no match to any Indian city. Add to it tax-free returns and attractive capital appreciation and your cost & benefit analysis is heavily loaded in favour of benefits. Last, but not the list, is the quality of life in Dubai

Beyond Headlines Sobha CSR, Sri Kurumba Charitable Trust, PNC Menon, JC Sharma, Top CSR in India, Best CSR in real estate, Real estate CSR, Corporate Social Responsibility, India real estate news, Indian realty news, Real estate news India, Indian property market news, Realty Plus, Investment in property market, Track2Realty

SOBHA organises dowry-less social weddings in Kerala

The wedding, which is conducted twice a year, saw 20 couples tie the knot during the ceremony.As part of SOBHA’s CSR drive, the girls are selected from 7149 Below the Poverty Line (BPL) families in Vadakkenchery, Kizhakkenchery and Kannambra panchayats in Palakkad district.

Column Ravi Menon, Chairman Sobha Limited, Real estate professional in India, Beast property professionals in India, Best developers in India, Best real estate brand in India, Bengaluru property market, Bangalore real estate, India real estate news, Indian realty news, Real estate news India, Indian property market news Realty Plus, Investment in Sobha property, Track2Realty

Ravi Menon a business leader as first co-worker

Meet Ravi Menon, Chairman of Sobha Ltd and son of PNC Menon whose legacy gives the son liberty to rest in his cabin and enjoy the laurels that the company has earned. But it seems there is something professional in the DNA of this family. Hence, the colleagues respect Ravi as first co-worker in the office whose personal involvement and eye for detailing is what has helped brand Sobha to get to the next level of brand reputation.

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