Real estate firm Omaxe Ltd had sold off its properties worth Rs 1,123 cr during the first six months of this fiscal, up by 26 pc form the year-ago period.

The Delhi-based realty firm had achieved a booking of Rs 908 ce during April-September of last fiscal.

Sales booking have rose on the back of 75 pc jump in the average realization at Rs 3,368 per sq ft. In terms of volume, sales booking dipped by 30 pc at 3.45 million sq ft in the first six months of current fiscal against 4.89 million sq ft in the year ago period.

Plots and floors in Chandigarh and group housing in Noida, Faridabad and Bahadurgarh and commercial developments at Chandigarh, Ludhiana and Greater Noida added majorly towards the revenues for H1 FY14 to the firm’s books.

Its gross debt has lowered to Rs 1,025 cr as on September 30 from Rs 1,095 cr at the end of the first quarter. The firm has to repay Rs 130 cr in this quarter.

Combined income from operation for the half year is Rs 770 cr against Rs 835 cr in the corresponding period last year, dip by 8 pc.

The profit after tax for H1 of this fiscal is at Rs 38 cr compared to Rs 42 cr last year, lowered by 9.8 pc.

Omaxe has its presence in 30 odd cities across 9 states and it is developing 45 projects 15 group housing and 20 integrated townships and 10 commercial hubs in the country.

In recent past the property firm declared issue of 10 bonus shares to public holders for every 41  shares in order to fulfill the Sebi’s norm on minimum 25 pc public share holding.