Sobha reports 32% decline in sales bookings
Real Estate

Sobha reports 32% decline in sales bookings

Sobha Limited has reported a notable decline of 32% in its sales bookings, totaling ?1,178.5 crore for the second quarter of FY25. This decrease highlights the challenges currently faced by the real estate sector, including fluctuations in market demand and increasing competition.

The decline in sales can be attributed to various factors, such as rising interest rates, economic uncertainty, and a shift in consumer preferences. Many potential buyers have become cautious, impacting the overall demand for residential properties. Sobha's management acknowledges these market challenges and is focused on strategizing to regain momentum.

Despite the dip in sales, Sobha remains committed to its core values of quality and timely delivery. The company is exploring various initiatives, including enhancing marketing efforts, diversifying its portfolio, and launching new projects that align with current market demands. By adapting to changing conditions, Sobha aims to attract buyers and improve its performance in upcoming quarters.

Looking ahead, Sobha's leadership is optimistic about recovery and aims to leverage its established reputation to strengthen its position in the real estate market. The company's long-term strategy involves reinforcing its commitment to customer satisfaction and exploring innovative solutions to address the evolving needs of homebuyers.

In summary, while the 32% decline in sales bookings for Q2 FY25 is concerning, Sobha's proactive approach and strategic adjustments position it to navigate the challenges ahead and potentially restore growth in the near future.

Sobha Limited has reported a notable decline of 32% in its sales bookings, totaling ?1,178.5 crore for the second quarter of FY25. This decrease highlights the challenges currently faced by the real estate sector, including fluctuations in market demand and increasing competition. The decline in sales can be attributed to various factors, such as rising interest rates, economic uncertainty, and a shift in consumer preferences. Many potential buyers have become cautious, impacting the overall demand for residential properties. Sobha's management acknowledges these market challenges and is focused on strategizing to regain momentum. Despite the dip in sales, Sobha remains committed to its core values of quality and timely delivery. The company is exploring various initiatives, including enhancing marketing efforts, diversifying its portfolio, and launching new projects that align with current market demands. By adapting to changing conditions, Sobha aims to attract buyers and improve its performance in upcoming quarters. Looking ahead, Sobha's leadership is optimistic about recovery and aims to leverage its established reputation to strengthen its position in the real estate market. The company's long-term strategy involves reinforcing its commitment to customer satisfaction and exploring innovative solutions to address the evolving needs of homebuyers. In summary, while the 32% decline in sales bookings for Q2 FY25 is concerning, Sobha's proactive approach and strategic adjustments position it to navigate the challenges ahead and potentially restore growth in the near future.

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?