Sobha Ltd Highest-Ever Quarterly Sales Bookings in December Qtr
Bengaluru-based realty firm Sobha Ltd reported a 36 percent growth in its sales bookings to Rs 1,424.7 crore for the quarter that ended December 2022 on a strong revival in demand. In a regulatory filing, Sobha Ltd informed that its sales bookings stood at Rs 1,047.5 crore in the year-ago period. Sobha Ltd achieved the highest-ever quarterly sales bookings in the December quarter in terms of both volume and value. The average price realisation improved to Rs 9,650 per square feet, up 21.9 percent from the corresponding quarter of last year. Achieved the highest-ever quarterly sales volume of 1.47 million square feet, with an increase of 11.6 percent compared to the previous year. During April-December period of this fiscal, Sobha Ltd's sales bookings rose to Rs 3,734.4 crore from Rs 2,760.6 crore a year ago. In the first nine months of this fiscal, the company achieved a total sale of 4.17 million square feet, an increase of 16.9 percent over the preceding year. The average price realisation during the April-December period of FY23 improved to Rs 8,952 per square feet, up by 15.7 percent as against last financial year. Q3, FY2023 has been the best-ever sales quarter for Sobha, both in volume and value. While Bengaluru continues to contribute to the significant share of real estate sales, our projects from other cities have contributed 40 percent of the total sales volume, one of the highest in recent years. Gurugram has achieved its highest-ever quarterly sale, aided by the launch of new towers. Kerala and GIFT City (Gujarat) have been consistent in their sales.
Tags : Bengaluru Sobha Ltd sales bookings demand Kerala Gujarat