Sobha said that demand remains consistent in all the cities where it operates.
Sobha, post market hours on Friday, announced operational performance for Q3 of FY 2019. The company achieved new sales volume of 1,066,022 square feet valued at Rs 726 crore, with a total average realisation of Rs 6,811 per square feet. Sobha's share of sales value is at Rs 608 crore.
The total sales volume is up by 17% in Q3 of FY 2019 compared to Q3 of FY 2018, and by 9% during 9 months of FY 2019 compared to 9 months of FY 2018.
Total sale value is up 4% during Q3 FY 2019 as compared to Q3 FY 2018 and by 6% as compared to Q2 FY 2019. Total average price realization during Q3 FY 2019 rose 3% as compared to Q2 FY 2019.
Shares of Sobha fell 0.98% to settle at Rs 404.20 yesterday, 3 January 2020.
Sobha is a real estate brand in India. It has made several developments in Bangalore, Kerela, Delhi - NCR, Chennai, Coimbatore, Mysore and Pune.
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