Realty firm Sobha has reported a fall of 11.45% in its sales bookings at Rs 495 crore for the quarter ended September on lower realization as compared to Rs 559 crore in the year-ago period.
The company during the quarter achieved new sales of 8,50,329 sq ft valued at Rs 495 crore with an average realisation of Rs 5,822 per sq ft. In terms of volume, sales bookings rose to 8,50,329 sq ft for the second quarter of this fiscal from 8,33,991 sq ft in the July-September period of last fiscal.
Sales bookings in value terms declined because of fall in realisation price to Rs 5,822 per sq ft from Rs 6,703 per sq ft in the year-ago period.
Sobha Developers has presence in seven cities -- Bangalore, Gurgaon, Chennai, Pune, Coimbatore, Mysore and Thrissur.
