Sobha Developers eyes on new sales target
Sobha Developers, a Bangalore based real estate developer is eyeing on more revenue in 2011-12.
As per report, they are expecting a revenue of Rs 1,500 crore from their sales in the fiscal year 2011-12.
The company has already sold 818,935 square feet in the fourth quarter of October- December 2011 at Rs 5,475 per square feet.
Out of the fourth quarter sales, highest sales occurred in Bangalore with 567,662 square feet.
This year, the group is expecting to sell around three million sq ft area for a great profit.
Source: The Economic Times
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