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Sobha Developers’ Q1 sales bookings up by 26% to Rs 602.8 crore

22 Jul 2013 Evaluate

Sobha Developers’ sales bookings rose by 26% and stood at Rs 602.8 crore in the April-June quarter of this fiscal as compared to properties sold worth Rs 479.4 crore in the same quarter of last fiscal. This rise in sales was possible as the company sold more area at a higher price despite overall slowdown in housing demand.

The company sold 10% more area in volume-terms, in the first quarter of 2013-14 fiscal which stood at 9.2 lakh square feet against 8.35 lakh square feet in the year-ago period. The average price realization was higher by 14% at Rs 6,548 per square feet against Rs 5,737 per square feet during the period under review.

During the full 2012-13 fiscal, the company sold 37.55 lakh square feet for Rs 2,215 crore. The company’s launch of a mixed development project in Bangalore was successful. It has projects in Pune, Coimbatore and Mysore.

Sobha Share Price

1426.05 -23.50 (-1.62%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 965.60
Dilip Buildcon 478.50
DLF 608.40
Oberoi Realty 1703.85
Ahluwalia Contract(I 847.50
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