Bangalore: Sobha Developers, Bangalore based real estate firm perceived a growth of over 11 per cent in the first quarter of 2013. The first quarter ended on June, 2013 witnessed a heavy growth of over 50 crore in the revenue generation and earnings of Sobha Developers.Net profit of the real estate firm ascended to 50.1 crore, against the preceding years net profit of 45 crore in the same quarter. With a growth of 11.8 per cent, revenue of the firm expanded to Rs 475 crore in the first quarter of the current year.Last year, the revenue generated by the firm was estimated to Rs 425 crore and in the current year it observed the increase of about 50 crore in the revenue.Vice president of Sobha developers, JC Sharma said that despite the slowdown in the Indian real estate and decreasing rupee value, but the sales of our project sustained a good momentum. The company observed absorption of 0.92 million sq ft in its new supply which was 0.84 million sq ft in the previous year.Sobha developers launched two new projects with 0.40 million sq ft area along with two contractual projects measuring 0.13 million sq ft area. Sobha developers have launched 0.20 million sq ft of plotted development project and a commercial project on St Mark’s road with 0.36 million sq ft area in Bangalore.Sobha developer is planning to spread its wings to tier 3 cities like Kochi and Kozhikode in the current year. The firm currently has 45 under construction projects comprising 18.90 million sq ft of saleable area along with 40 ongoing contractual projects.Sobha developers witnessed average sale realization of Rs 6548 per sq ft on the current year, whereas it was Rs 5737 per sq ft in the preceding year.займ на карту без отказов круглосуточновзять кредит онлайн