That’s Quite A Century! SOBHA Achieves The Milestone Of Delivering 100 Million sq.ft.
February 22, 2019
“Passion at Work” – Since the inception of SOBHA Limited in the year 1995, these three words have been the driving force of the company. With an aim to transform the way people perceive quality, SOBHA has reached its biggest milestone of delivering 100 million square feet in the third quarter of Financial Year 2018-19.
By the end of the year 2018, SOBHA had completed 436 real estate and contractual projects, covering an area of about 100.31 million square feet, with 135 residential projects spread across an area of 52.52 million square feet and 301 contractual projects spread across an area of 47.79 million square feet.
More success in Q3 2018-19
The story of success doesn’t end just there. The third quarter of the year 2018 has also been the most successful quarter in the history of the company, generating revenue of Rs. 8.08 billion. SOBHA has also achieved its highest ever nine months’ revenue of Rs. 20.94 billion, marking one of the best years for the company.
The third quarter has shown some of the most promising results for SOBHA with real estate revenue of Rs 5.03 billion, contracts and manufacturing revenue of Rs. 2.85 billion, registered new sales value of Rs. 6,988 million, contracts & manufacturing order book worth Rs. 23.44 billion and Rs. 0.20 billion in other incomes.
SOBHA’s track record of being the most reliable and trustworthy builder with a repertoire of award-winning properties across India speaks for itself. Achieving such milestones with great precision and keen attention to detail is an endeavor that requires an immense amount of effort and consistency in performance. True to its mission at SOBHA, there are no shortcuts to quality.