Sobha Limited Achieves Record Q1 Sales Value of ₹3,656 Crore, Up 76% YoY

BY ADMIN • FILED 27 Jul 2026, 6:29 PM

Sobha Limited has reported its strongest-ever quarterly real estate sales performance, achieving a record sales value of ₹3,656 crore during the first quarter of FY27. The company recorded an impressive 76% year-on-year (YoY) growth, driven by robust homebuyer demand and successful project launches across key markets, particularly Bengaluru and the National Capital Region (NCR).

Record Sales Performance

During the quarter, Sobha Limited sold 2.34 million square feet across 1,432 residential units, with an average sales realization of ₹15,655 per square foot.

Bengaluru remained the company’s largest market, contributing ₹2,067 crore, accounting for 57% of total quarterly sales. The strong performance was supported by successful launches, including SOBHA One World and Sacred Grove. Meanwhile, the NCR delivered its best-ever quarterly performance, generating ₹1,384 crore in sales, primarily driven by the launch of SOBHA Crescent in Gurugram.

New Launches Strengthen Growth Pipeline

Sobha Limited launched three new residential projects during the quarter, adding 6.89 million square feet of saleable area. These projects have an estimated gross sales value (GSV) of nearly ₹10,000 crore, providing a strong foundation for future revenue growth.

Strong Execution Momentum

The company continued to demonstrate solid execution capabilities by handing over 677 homes, covering a total of 1.08 million square feet, during the quarter.

For FY27, Sobha Limited has set a target of completing 6.0–6.5 million square feet of development, representing nearly 20% growth over the 5.4 million square feet delivered in the previous financial year.

Healthy Launch Pipeline

Looking ahead, Sobha Limited has a robust launch pipeline of 20.77 million square feet across 17 projects. Of these, nine projects, totaling approximately 8.2 million square feet, are planned for launch during the remainder of FY27 across Bengaluru, NCR, Hyderabad, and Kerala.

With record quarterly sales, disciplined project execution, and a strong pipeline of upcoming launches, Sobha Limited is well-positioned to sustain its growth momentum and capitalize on continued demand in India’s residential real estate market.