Sobha has reported 22.24 percent year-on-year growth in total sales bookings to Rs 887.6 crore in the third quarter this fiscal (Q3FY21) as against Rs 726.1 crore in the same period previous year on better housing demand during the festive season. The company's sales booking increased on account of rise in volume as well as price realization.
However, the sales booking in the April-December period declined to Rs 2,065.2 crore from Rs 2,186.1 crore in the corresponding period last year. This is because of low sales in the first quarter on account of the nationwide lockdown to control the COVID-19 pandemic.
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.
