Sobha Developers registers record new space sale
Bangalore-based real estate developer, Sobha Developers, has achieved a record milestone in the history of the company in terms of new space sale.
The company has sold over 0.95 million square feet of new space valued at Rs 527 crore at an average price realisation of Rs 5, 575 per square feet for the recent quarter ended September 30, 2012.
The real estate company had set a guidance of new space sales of 3.75 million square feet valued at Rs 2,000 crore for FY 2013. At the end of the second quarter, the company has already registered a sales of around 1.78 million square feet at a value of around Rs 1,007 crore, registering a growth of 11.2 per cent as against the same period last year.
The company officials say that despite the prevailing gloomy situation in real estate industry, the firm is witnessing good demand and growth in all its locations.
Bangalore Real Estate, Bangalore-based real estate firms, new space sale, real estate demand in Bangalore, Real Estate Developers, Sobha Developers
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