Real estate developer Sobha Ltd's sale bookings saw a 29% decline to Rs 1,388.6 crore in Q3 FY25, primarily due to reduced new supply. Despite this, the company reported a sequential increase of 18% from the previous quarter.
Sobha LtdReal EstateSale BookingsQ3 Fy25Property SalesReal Estate NewsJan 08, 2025
Sobha Ltd's sale bookings declined by 29% in Q3 FY25 compared to the same period last year.
Sobha Ltd's sale bookings increased by 18% sequentially in Q3 FY25 compared to the previous quarter.
Sobha Ltd's total sale bookings for the first nine months of FY25 were Rs 4,441 crore.
The average realisation per sq ft improved by 31.3% over the same period last year to Rs 14,226 per sq ft.
Sobha Ltd operates in Bengaluru, Delhi-NCR, Kerala, Tamil Nadu, Hyderabad, Pune, and Ahmedabad.
The Income Tax department has seized ₹26 crore cash and assets worth ₹90 crore from Nashik-based Surana jewellers
Fresh supply of residential properties in Delhi-NCR triples in Q3, with 13,311 units launched, driven by strong demand and infrastructure development.
Mumbai, 2nd December 2024: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has successfully recovered ₹200.23 crore as compensation from defaulting builders, marking a significant step towards protecting homebuyers' interests.
The real estate sector in Mumbai witnessed significant advancements in 2024, driven by a rising middle class and a surge in investments. These developments highlight Mumbai's commitment to enhancing infrastructure and improving the quality of life.
The real estate sector is hopeful about the Union Budget 2025-26, expecting reforms that will enhance homebuyers' affordability and ease liquidity constraints in the market.
Salku Marandi, a 45-year-old real estate broker from Baripada, was found dead in a forest in the Betnoti area of Mayurbhanj district. His wife, Jhansi Rani Marandi, suspects foul play and points to business disputes as the motive.