Investment rationale by the brokerage 3Q fresh sales of Rs 600 crore at an average realisation of Rs 6,604/sq feet: Sobha reported fresh sales at Rs 600 crore, -2 per cent YoY primarily on 3 per cent decline in volume (0.91msf) marginally offset by higher realisation (+1 per cent YoY).
Read MoreBENGALURU: Real estate developer Sobha Ltd posted a 15% growth in net profit for the quarter ended December 31, 2018, on improved demand in its main markets. The company’s net profit climbed to Rs 69.5 crore in the three months ended December 2018, the company said in a statement.
Read MoreThe Interim Budget 2019 was partly about politics, but has also thrown open investment opportunities across multiple themes. The budget has made a clear attempt to cater to the needs of farmers and the neo middle class. Slippage on the fiscal deficit was also restricted to just 10 bps in the current fiscal though it increases to 30 bps in the next fiscal.
Read MoreSobha Dream Gardens Bangalore
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