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Oberoi Realty Q2 sales bookings jump over 2-fold to Rs 828.52 crore

Oberoi Realty Ltd on Thursday reported over two-fold jump in its sales bookings at Rs 828.52 crore for the quarter ended September on improved housing demand driven by low mortgage rates

Topics
Oberoi Realty | Real Estate  | home sales

Press Trust of India  |  New Delhi 



Embassy is in the final lap of merging with Indiabulls Real Estate to create a large combined entity which will spearhead its residential ventures in the country.
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Ltd on Thursday reported over two-fold jump in its sales bookings at Rs 828.52 crore for the quarter ended September on improved driven by low mortgage rates.

Its sales bookings stood at Rs 327.30 crore in the year-ago period, the company said in a regulatory filing.

The Mumbai-based company sold 200 units during the July-September quarter as against 45 units in the year-ago period.

In terms of volume, it sold nearly 4.4 lakh sqft area in the second quarter as compared to over 1.3 lakh sq ft area in the corresponding period of the previous year.

During the April-September period, sold 239 units as against 50 units in the year-ago period.

It booked 5.36 lakh sqft area in the first six months of this fiscal area as compared to 1.42 lakh sqft in the first half of last fiscal.

In value terms, sales bookings jumped to Rs 998.49 crore during April-September 2021 from 352.09 crore in the year-ago period.

is one of the leading developers in the country.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Fri, October 08 2021. 00:28 IST

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