Sobha has reported a marginal rise in its sales bookings at Rs 689.9 crore during the second quarter of this fiscal despite the COVID-19 pandemic, driven by rise in per sq ft price realisation. Its sales bookings rose to Rs 689.9 crore in July-September 2020 from Rs 682.3 crore in the year-ago period.
Sales bookings in volume terms declined to 8,91,700 sq ft in the second quarter of FY2020-21 from 10,36,340 sq ft in the corresponding period of the previous year. However, price realisation increased sharply to Rs 7,737 per sq ft from Rs 6,584 per sq ft.
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.
