New Delhi: Oberoi Realty Ltd on Thursday reported a double jump in its book sales to Rs 828.52 crore for the quarter ending September due to improving housing demand driven by lower mortgage rates. The company said in a regulatory filing that its sales reserves amounted to Rs 327.30 crore in the same period last year.
The Mumbai-based company sold 200 units during the July-September quarter compared to 45 units in the same period last year.
In terms of volume, approximately 4.4 lakh square feet area were sold in the second quarter compared to more than 1.3 lakh square feet in the corresponding period of the prior year.
During the April-September period, Oberoi Realty sold 239 units compared to 50 units in the same period last year.
It booked 5.36 lakh square feet in the first six months of this financial district compared to 1.42 lakh square feet in the first half of the last fiscal year.
In terms of value, reserve sales increased to Rs 998.49 crore during the April-September 2021 period from Rs 352.09 crore in the same period last year.
Oberoi Realty is one of the leading real estate developers in the country.