Sobha has reported 14% increase in its sales bookings to Rs 592.7 crore in July-September period -- highest in the last 10 quarters -- despite demand slowdown in the property market. The company during the second quarter achieved a new sales volume of 8,61,084 square feet total valued at Rs 675.1 crore with an average realization of Rs 7,840 per square feet. Out of Rs 675.1 crore, the company’s share was Rs 592.7 crore.
The company had achieved a sales bookings of Rs 551.2 crore in the same period last year and out of that the company’s share was Rs 518.2 crore.
Sobha is one of the fastest growing and foremost backward integrated real estate players in the country. It primarily focuses on residential and contractual projects.
