SOBHA Reports Highest Quarterly Sales At Rs 800 Cr
Realty firm, SOBHA has reported best-ever quarterly residential sales volume of 1.13 million square feet valued at Rs 888 crore with an average price realization of Rs.7,830 per square feet for the quarter ended December.
J.C. Sharma, Vice Chairman and Managing Director, SOBHA Limited said, “Total Price Realization of Rs 7,830 per square feet achieved during Q3-21 is the highest price realization achieved during past 6 quarters. During the quarter, we have launched ‘Sobha City – Athena’ project in Bengaluru, an extension of the existing Sobha City project, with residential super built-up area of 121,606 square feet and super built-up area of 28,863 square feet commercial space. While Bengaluru remains our core market, other operating cities like Gurugram, Kochi, Thrissur & Pune, have shown encouraging sales performance during the quarter. With new launches planned across various cities in the next few quarters and inherent demand for housing continuing, our sales performance during H2-21 is expected to be better than H2-20.”