Sobha Ltd Achieves Record Quarterly Sales in 2024
Sobha Ltd, a prominent real estate developer based in Bengaluru, has reported its highest-ever sales during the third quarter of the fiscal year 2024. According to official documentation filed on January 4th, the company recorded sales of Rs 1,951.6 crore, which represents an impressive growth of 37 percent compared to the same quarter of the previous year.
During this period, Sobha Ltd experienced a surge in the average price per square foot, reaching Rs 11,732. This marks a growth of 14.8 percent compared to the previous quarter. The success can largely be attributed to the launch of the Sobha Neopolis project, which contributed to 53.9 percent of the overall sales value. Notably, the company achieved its highest-ever quarterly sales in Bengaluru, with 1.25 million square feet sold.
In the first nine months of FY24, Sobha Ltd achieved a sales area of 4.74 million square feet. This signifies a strong performance for the company, demonstrating its ongoing success and popularity in the real estate market. Additionally, during the same period, GIFT City witnessed a remarkable growth of 22.7 percent in sales area.
Sobha Ltd’s impressive performance in Q3 FY24 showcases the company’s ability to adapt to market trends and capitalize on strategic launches. With the Sobha Neopolis project playing a significant role in driving sales, the company has solidified its position as a leading real estate developer in Bengaluru and beyond.
In conclusion, Sobha Ltd’s achievements in Q3 FY24 demonstrate its strong presence in the real estate market and its commitment to delivering quality projects that meet customer demands. With such remarkable sales growth and the successful launch of the Sobha Neopolis project, the future looks promising for Sobha Ltd.
The source of the article is from the blog macnifico.pt