In the year-ago period, the company had sold 29 units for sales value of Rs 140.84 crore, while the sales bookings were Rs 406.28 crore in the first quarter of this financial year.
The country's largest realty firm said it is progressing towards an advanced stage of discussions with third party institutional investors on the terms for the shareholders agreement.
IT/ITeS firms continued to lead office transaction activity, accounting for about 54% of the deal closures.
Saradha Realty, as also its promoters and directors, were asked by markets regulator Sebi through an order in April 2013 to wind up all existing collective investment schemes (CIS) to refund the money collected from investors, with returns, within three months.
In Bengaluru, the activity has come to a total standstill, first by the demolition drive and then by Cauvery dispute agitation, a survey by Assocham revealed.
Sobha Limited said the second quarter has shown an encouraging trend of sustaining sales momentum and achieving higher realisations.
Further growth of the economy will positively impact demand in the housing segment and the overall real estate sector, an expert said.
The Real Estate Act is touted as a major reform measure to regulate the vast real estate sector and bring order in it.
Over four crore subscribers of the Employees' Provdent Fund Organisation (EPFO) would be able to pledge their PF money to buy houses and use their accounts to pay equated monthly instalments (EMIs) from next fiscal year.
PACL, which had raised money from the public in the name of agriculture and real estate businesses, was found by Sebi to have collected these funds through illegal collective investment schemes over 18 years.
Drug maker Pfizer on Monday said it has completed the process of transferring four products to Mumbai-based Piramal Enterprises after getting necessary regulatory approvals.
Private equity investments in the real estate sector rose 64 per cent to Rs 19,137 crore in the first six months of this year on increased interest from both domestic and global investors, according to a report.
The Reserve Bank of India is looking for new premises for its office and residential complex in Shimla near the famous Ridge on Mall Road.
Private equity (PE) investment in retail real estate jumped over thirteen-fold to Rs 3,350 crore in the first six months of this year on the back of some big ticket deals, according to a global property consultant.
Realty firm Unitech Ltd's sales bookings doubled to Rs 362 crore during the quarter ended June 30, compared with the corresponding period a year ago, on higher volumes in the commercial segment.
The 17-lender consortium led by State Bank of India has put on sale embattled businessman Vijay Mallya's prime Goa property, the Kingfisher Villa, at a reserve price of Rs 85.29 crore.
Realty firm Supertech on Wednesday claimed it has sold 250 apartments worth Rs 150 crore in its housing project in Gurgaon within two months from the launch.
Realty major DLF will invest about Rs 500 crore to develop an IT Park in Chennai as the commercial real estate market has picked up in major cities.
The Delhi High Court has granted an opportunity to beleaguered real estate major Unitech Ltd to complete its delayed housing projects and hand over possession of flats to buyers by opening escrow accounts and using the money deposited in them solely for these projects.
The Supreme Court today gave a stern message to Supertech asking it to return money to investors, saying it was not concerned whether the real estate major "sinks or dies".