Real Estate company, Sobha Developers had guided for pre-sales of Rs. 1,500 crore and volume guidance of 30 lakh sq. ft for 2011-12, which is achievable.
In 9 months ended 2011-12, Sobha Developers has reported pre-sales of Rs. 1,230 crore and 24 lakh sq. ft, which has been ahead of expectations.
How ever, no new project launch in the December 2011 quarter is a concern due to lack of new projects in Bangalore and a delay in getting government approvals in Chennai (Tamilnadu).
The Sobha Developers has done 31 lakh sq. ft of new project launch in the first half of 2011-12 across Bangalore, Gurgaon & Mysore.
Share Target Price: Rs. 225
- Nirmal Bang
In 9 months ended 2011-12, Sobha Developers has reported pre-sales of Rs. 1,230 crore and 24 lakh sq. ft, which has been ahead of expectations.
How ever, no new project launch in the December 2011 quarter is a concern due to lack of new projects in Bangalore and a delay in getting government approvals in Chennai (Tamilnadu).
The Sobha Developers has done 31 lakh sq. ft of new project launch in the first half of 2011-12 across Bangalore, Gurgaon & Mysore.
Share Target Price: Rs. 225
- Nirmal Bang
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