Shares of real estate company Sobha gained 8 per cent and hit an intra-day high of Rs 465 on the BSE on Tuesday after the company said it has reported record sales bookings of Rs 1,072 crore during the last quarter of fiscal year 2020-21 (Q4FY21) despite the Covid-19 pandemic. Its sales bookings stood at Rs 695 crore in the Q4FY20 financial year.
In Q4FY21, the company’s gross sales volumes stood at 1.34 million square feet, up 48 per cent year on year (YoY) in volume terms, driven by a healthy uptick in Bengaluru and continued momentum in Kochi/Gurugram markets.
The company said Q4FY21 has been the best-ever quarter in the history of the company on all the operational parameters. The company’s foray into multiple regions is yielding results with market share gains across all the operating cities. Due to consistent demand across all the product segments at sustainable prices, the company was able to achieve the best-ever price realization of Rs 8,014 per square feet amongst la