Sobha rallies 14% on reporting best ever sales volume in September quarter

The overall sales were primarily driven by good sale numbers achieved in Bengaluru, Gurugram, Pune and GIFT CITY

Shares of real estate developer Sobha rallied 14 per cent to hit a fresh 52-week high of Rs 868.45 on the BSE in Thursday’s intra-day trade after the company said it has achieved best ever sales volume of 1.35 million sq ft valued at Rs 1,030.2 crore during July-September quarter (Q2FY22). The company had reported total sales value of Rs 682.90 crore in Q1FY22 and Rs 689.90 crore in Q2FY21.

The structural changes in real estate sector has created never before opportunities for the established, financially strong and multi-location-based developers to capitalise on the gradual but stable pickup in