From Prestige to Sobha, recorded realty firms post best-ever quarterly deals

Lightened by solid confined interest and cuts in duties by governments, recorded land organizations saw record deals in the December quarter. Bengaluru-based Prestige Estates, Brigade Enterprises, and Sobha posted best-ever quarterly deals in October-December.

During the quarter, Prestige piled up deals of Rs 2,026 crore, up 80% quarter-on-quarter and 55 percent year-on-year (YoY). A zone of 2.98 million square feet (sq ft) was sold with an acknowledgment of Rs 6,790 for every sq ft. It, be that as it may, posted a 59 percent YoY decrease in its merged net benefit at Rs 87.8 …

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