Sobha Developers eyeing sales of Rs 1,500 crore in FY2011-12

06 Jan 2012

Sobha Developers, a Bangalore-based real estate developer is eyeing to achieve new sales of Rs 1,500 crore in financial year 2011-12. The real estate developer also expects to sell over 3 million square feet of space in this financial year.

In the October-December 2011 quarter, the company has sold 818,935 square feet across the country with an average selling price of Rs 5,475 per square feet. The average selling price for half year ended September 30, 2011 was Rs 4,924 per square feet.

Of the total 818,935 square feet sold in the quarter, Bangalore had the largest share at 567,662 square feet, while the national capital region was next at 106,183 square feet.

Sobha Developers is an established player in the real estate development and contract construction in Bangalore.

Related Sobha Ltd. Links:

Sobha Share Price

476.45 -1.10 (-0.23%) May 07, 12:29
1 Year Price Chart
Company Name CMP
Dilip Buildcon 541.70
NBCC (India) 44.10
Sobha 476.45
JMC Projects (India) 95.00
Prestige Estate Proj 274.00
View more..
Sensex vs Sobha
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323