Home Decor News Hubb
Advertisement
  • Home
  • Home Decor
  • Furniture
  • Contact us
No Result
View All Result
  • Home
  • Home Decor
  • Furniture
  • Contact us
No Result
View All Result
Home Decor News Hubb
No Result
View All Result
Home Home Decor

Sobha clocks highest quarterly sales in Q3

admin by admin
January 17, 2023
in Home Decor


 

Bengaluru-based real estate company Sobha Limited recorded quarterly sales bookings of Rs 1,424.7 crore during the December quarter of the current fiscal, indicating 36% year-on-year growth. This is the highest ever quarterly sales bookings in terms of both value and volume, the company said in a statement. The company’s sales bookings stood at Rs 1,047.5 crore in the third quarter previous year.

 

The average price realisation rose to Rs 9,650 per square foot, increasing by 21.9% from Q3 FY22. Sobha achieved the highest ever quarterly sales volume of 1.47 million square foot, marking an increase of 11.6% from the previous year.

During April-December of FY23, the company’s sales bookings grew to Rs 3,734.4 crore from Rs 2,760.6 crore a year earlier. In these nine months of FY23, Sobha Ltd achieved sales volume of 4.17 million square feet, showing a growth of 16.9% as compared to the corresponding period of the previous year. Also, the average price realisation during the first three quarters of this fiscal year rose to Rs 8,952 per square foot, marking an increase of 15.7% from the corresponding period of last year.

“Requirement for larger homes has been the consistent theme we have witnessed in the past couple of years,” the company said.

“Q3, FY2023 has been the best-ever sales quarter for Sobha, both in volume and value. While Bengaluru continues to contribute a significant share of real estate sales, our projects from other cities have contributed 40% of the total sales volume, one of the highest in recent years,” it said.

Was this article useful?

  • 😃 (0)

  • 😐 (0)

  • 😔 (0)





Source link

Previous Post

Add Color to your Neutral Home Decor

Next Post

What Is A Cartridge Heater And How Is It Useful?

Next Post

What Is A Cartridge Heater And How Is It Useful?

Recommended

Types Of Garage Floor Coatings

April 2, 2023

Our Top 9 Walnut Desks for 2023

March 2, 2023

Don't miss it

Furniture

Colorful Discount Furniture Ideas to Update Your Home With

June 3, 2023
Home Decor

Your Essential Guide To Detecting And Repairing Water Damage At Home

June 3, 2023
Home Decor

How to download your PMJJBY certificate?

June 3, 2023
Home Decor

Tips and tricks for a successful reno

June 3, 2023
Furniture

How to Get Your Home Ready for a Big Move

June 2, 2023
Home Decor

Protecting Your Books And Documents |

June 2, 2023

© Home Decor News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • Home Decor
  • Furniture
  • Contact us

Newsletter Sign Up

No Result
View All Result
  • Home
  • Home Decor
  • Furniture
  • Contact us

© 2022 Home Decor News Hubb All rights reserved.

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/