Shriram Properties' sales bookings rise 26 per cent
Real Estate

Shriram Properties' sales bookings rise 26 per cent

In the June quarter, Shriram Properties reported a 26 per cent increase in sales bookings at Rs 3.13 billion due to increased demand and a small base impact. The Bengaluru-based company reportedly stated that its volume-based sales bookings increased by 20 per cent to 0.66 million square feet in the first quarter of the 2022–23 fiscal year from 0.55 million square feet in the same period last year.

Housing sales were impacted by the second wave of the pandemic in the April–June quarter of the previous fiscal year. When compared to the same quarter last year, when client money were collected overall, they increased 34% per cent YoY to Rs 3.24 billion from Rs 2.42 billion. The average sales realisation rose to Rs 4,694 per square feet from Rs 4,363 per square feet.

In the June quarter, Shriram Properties reported a 26 per cent increase in sales bookings at Rs 3.13 billion due to increased demand and a small base impact. The Bengaluru-based company reportedly stated that its volume-based sales bookings increased by 20 per cent to 0.66 million square feet in the first quarter of the 2022–23 fiscal year from 0.55 million square feet in the same period last year. Housing sales were impacted by the second wave of the pandemic in the April–June quarter of the previous fiscal year. When compared to the same quarter last year, when client money were collected overall, they increased 34% per cent YoY to Rs 3.24 billion from Rs 2.42 billion. The average sales realisation rose to Rs 4,694 per square feet from Rs 4,363 per square feet.

Next Story
Real Estate

Sterling Unveils Premium Retreat Near Lansdowne at Vanvasa Resort

Sterling Holiday Resorts has launched Sterling Vanvasa, its latest premium hideaway located near Lansdowne, Uttarakhand. Set amidst 30 acres of forested hillside, this offbeat destination is designed for travellers seeking tranquillity, nature, and a break from urban stress. It marks Sterling’s eighth resort in the state, strengthening its position in curating India’s most serene holiday escapes. Situated beyond Juee village at an altitude of over 3,200 feet, the retreat offers panoramic views of the Garhwal Himalayas, lush pine and sal forests, and the distant Ramganga river. Far fro..

Next Story
Resources

REC Wins ASSOCHAM CSR Award for Healthcare Support Initiatives

REC, a Maharatna Central Public Sector Undertaking (CPSU) and leading non-banking financial company (NBFC) under the Ministry of Power, Government of India, has received the ASSOCHAM CSR and Sustainability Award 2024 for ‘Excellence in Providing Support to Healthcare’. The award was presented during the 6th ASSOCHAM CSR and Sustainability Conference and Awards held in Hyderabad. Shri Anjan Lahiri, Senior General Manager and Head of Department (REC Foundation), received the honour on behalf of REC from the Hon’ble Deputy Chief Minister of Telangana, Shri Mallu Bhatti Vikramarka. ..

Next Story
Infrastructure Urban

Essensai067 to Launch Sustainable Adventure Park for Children in July

Essensai067, the sustainable, community-first retail enclave in Whitefield, is set to open a state-of-the-art Adventure Park for children under 12 this July. Designed to foster physical activity, imagination, and social connection, the park aligns with Essensai067’s philosophy of creating meaningful, inclusive spaces. Spread across 5.16 acres of heritage land, Essensai067 integrates food, fashion, art, and music with wellness and community engagement. The Adventure Park reinforces this vision by offering a nature-inspired play environment, aimed at reducing children’s screen time and ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?