Sobha Limited records 49% growth in sales bookings at Rs 1,000 cr
Real Estate

Sobha Limited records 49% growth in sales bookings at Rs 1,000 cr

Real estate company Sobha Limited has recorded 49% growth in sales bookings at Rs 1,030.2 crore during the second quarter (Q2) of the fiscal year (FY) 2022 on housing demand. In 2020, the company sold properties worth Rs 689.9 crore.

The company informed that the sales booking volume increased to 13,48,84 sq ft in Q2 in FY22 from 8,91,700 sq ft in Q2 FY21.

The sales bookings of Sobha have increased to Rs 1,713.1 crore during April-September in FY22 from Rs 1,177.6 crore in the same period in FY21.

Overall, in FY 2020-21, the company recorded sales bookings of Rs 3,137.2 crore.

Sobha Ltd said that with this festive season, the company plans new launchings in the next quarter and expects to sustain momentum in the second half (2H) of the fiscal year.

Sobha said that it received the best-ever sales volume at sustainable price realisation in Q2 FY22.

The company said that it achieved good sales numbers in Bengaluru, Gurugram, Pune and Gujarat International Finance Tec-City (GIFT City). Kerala also witnessed improved sales performance in Q1 FY22. The situation could have been better, but for the prolonged period of the Covid-19 pandemic.

Image Source

Also read: Macrotech Developers Q2 FY22 sales: Bookings jump to Rs 2,003 cr

Real estate company Sobha Limited has recorded 49% growth in sales bookings at Rs 1,030.2 crore during the second quarter (Q2) of the fiscal year (FY) 2022 on housing demand. In 2020, the company sold properties worth Rs 689.9 crore. The company informed that the sales booking volume increased to 13,48,84 sq ft in Q2 in FY22 from 8,91,700 sq ft in Q2 FY21. The sales bookings of Sobha have increased to Rs 1,713.1 crore during April-September in FY22 from Rs 1,177.6 crore in the same period in FY21. Overall, in FY 2020-21, the company recorded sales bookings of Rs 3,137.2 crore. Sobha Ltd said that with this festive season, the company plans new launchings in the next quarter and expects to sustain momentum in the second half (2H) of the fiscal year. Sobha said that it received the best-ever sales volume at sustainable price realisation in Q2 FY22. The company said that it achieved good sales numbers in Bengaluru, Gurugram, Pune and Gujarat International Finance Tec-City (GIFT City). Kerala also witnessed improved sales performance in Q1 FY22. The situation could have been better, but for the prolonged period of the Covid-19 pandemic. Image Source Also read: Macrotech Developers Q2 FY22 sales: Bookings jump to Rs 2,003 cr

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement