Omaxe records 34% increase in sales bookings
Omaxe, a realty firm, has witnessed a rise of a 34% in their sales booking at Rs. 1574 crore in the initial nine months of the this financial year with higher quantity and improvised realisation.
According to an analyst, Omaxe has reached sales bookings of Rs. 1574 crore during April-December of 2012-13 financial year compared to Rs. 1174 crore in same period previous year.
Out of total bookings, built up area contributed Rs. 880 crore, commercial projects contributed Rs. 396 crore and plotted Rs. 298 crore.
The real estate firm already sold 7.9 million sq ft of area within 9 months, whereas same period last year, they have sold 7.29 million sq ft.
The company’s sales realisation rose by 24 percent to 1,992 per sq ft from Rs 1,610 per sq ft during the period under review
Omaxe reported an increase in consolidated net profit by around 50 % at Rs. 28.85 crore, in the third quarter of this financial year. Whereas, it was Rs. 19.31 crore last year same period.
The company’s total income from operations surged by 25 percent to Rs 567.93 crore during October-December quarter of 2012-13 from Rs 456.05 crore in the same period previous fiscal.
Omaxe has its projects in 39 cities across India. Presently they are working on 44 real estate projects. Out of those 19 are integrated townships, 16 group housing and nine are shopping malls or commercial projects.
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