Sobha reports 9% rise in FY19 sales

Sobha reports 9% rise in FY19 sales
10/04/2019 , by , in News/Views

Realty firm Sobha Ltd Monday reported a 9% increase in sales bookings at a record ₹3,122.5 crore during 2018-19 on account of higher volumes.

The company had achieved sales bookings of ₹2,861.2 crore in 2017-18 financial year, the Bengaluru-based developer said in a regulatory filing.

“In 2018-19, we have achieved pre-sales of 4.03 million square feet valued at ₹31.23 billion ( ₹3,123 crore). This is the highest ever new sales booking in the history of the company,” Sobha said.

Among the cities, Bengaluru achieved the highest ever new sales booking of 2.76 million square feet during 2018-19, it added.

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