Expect Double-digit volume & value growth going ahead: Sobha

Real estate company Sobha saw a good quarter on a year on year (YoY) basis due to a base effect but sequentially it was a flat quarter. In an interview with CNBC-TV18, JC Sharma, Vice Chairman and MD of Sobha spoke about the results and his outlook for the company.

Bengaluru contributed to 70 percent of total volumes and the trend should continue, he said.

Kerala market and the NCR market have also performed and turned around where the headwinds continued to operate almost in all the markets. We believe that going forward all these markets should continue to do well, which means we can expect double-digit growth in volumes and value for the next few quarters as we move ahead, he added.

Going to launch many more projects in all the markets so the volumes should be picking up as we move forward, said Sharma.

We believe that next few quarters, there will be good launches and that should have a positive impact as far as our sales volumes are concerned, he further mentioned.

For full interview, watch accompanying video...