During the second quarter of this fiscal, Omaxe, a realty company, has sold properties worth Rs 472 crore, marginally higher than the year-ago period. The company sold 2.56 million sq ft during July-September quarter for Rs 472 crore.
In the corresponding period last year, it had sold 2.25 million sq ft area for Rs 458 crore, according to presentation by investors. In the first half of this fiscal, however, Omaxe’s sales booking fell in both volume and value terms.
During April-September period of the 2012-13 fiscal, the company sold 4.58 million sq ft for Rs 908 crore. In the corresponding period year ago, it had sold 4.87 million sq ft for Rs 976 crore.
On debt, the company told investors that the gross debt has come down marginally to Rs 1,014 crore as on September 30 from Rs 1,047 crore at the end of the first quarter.