Sobha Ltd. reported on Tuesday a 29% decline in complete gross sales to Rs 1,388.6 crore within the third quarter of the present monetary yr compared to Rs 1,951.6 crore within the year-ago interval.
The true property agency offered 1.01 million sq. ft. at a mean worth of Rs 13,663 per sq. ft. within the quarter ended December, the corporate stated in an trade submitting on Tuesday.
The typical worth realisation rose 17% to Rs 1,366 crore towards Rs 1,173 crore reported in the identical interval final yr. Common realisation improved by 31.3% over the identical interval final yr to Rs 14,226 per sq. ft., aided by worth will increase in ongoing initiatives and better realisation within the new venture launches in the course of the yr.
For the primary 9 months of economic yr 2025, Sobha offered 3.12 million sq. ft. value Rs 4,441 crore, with a mean worth enhance of 31.3% to Rs 14,226 per sq. ft. as a consequence of worth hikes and new venture launches.
