SOBHA Delivers Record ₹2,078.8 Cr in Q1 FY26 Sales, Launches New Projects in Greater Noida and Kochi
By Shishta Dutta | Published at: Jul 8, 2025 10:23 AM IST
Bengaluru, July 8, 2025: SOBHA Limited (NSE: SOBHA, BSE: 532784), a prominent pan-India real estate developer, has announced its highest-ever quarterly real estate sales in Q1 FY26. The company’s total sales value surged to ₹2,078.8 crore, marking a significant 10.9% year-on-year (YoY) increase and crossing the ₹2,000 crore milestone for the first time. SOBHA’s share of this robust sales performance stood at ₹1,717.2 crore.
Strong Start to FY26 with Record Sales and Robust Launches
During Q1 FY26, SOBHA achieved new sales of 1.44 million sq ft. The average price realisation for these sales was ₹14,395 per sq ft, although this reflects a slight YoY drop from ₹15,941 per sq ft in Q1 FY25.
Sales Performance Overview
| Particulars | Q1 FY26 | Q1 FY25 | Q4 FY25 | FY25 |
|---|---|---|---|---|
| Total Sale Value (₹ Mn) | 20,788 | 18,737 | 18,357 | 62,765 |
| Sale Value – SOBHA Share (₹ Mn) | 17,172 | 13,576 | 13,702 | 49,605 |
| Avg. Price Realization (₹/sft) | 14,395 | 15,941 | 11,781 | 13,412 |
Region-Wise New Sales Area (in sq ft)
| Location | Q1 FY26 | Q1 FY25 | Q4 FY25 |
|---|---|---|---|
| Bangalore | 463,895 | 467,071 | 1,242,456 |
| NCR (Gurgaon/Noida) | 711,975 | 77,458 | 337,316 |
| Kerala | 168,871 | 219,705 | 120,687 |
| Tamil Nadu | 83,117 | 50,926 | 52,067 |
| GIFT City | 10,061 | 75,390 | 17,481 |
| Other Regions | 6,196 | 48,041 | 24,954 |
| Total | 1,444,117 | 1,175,361 | 1,558,190 |
The significant jump in the National Capital Region (NCR) sales area from Q1 FY25 to Q1 FY26 is particularly noteworthy, indicating strong traction in that market for SOBHA.
Major Launches: SOBHA Aurum & Marina One
In Q1 FY26, SOBHA launched a substantial 1.62 million sq ft of new projects across two strategic locations:
- SOBHA Aurum, Greater Noida: This marks SOBHA’s first launch in Greater Noida. Spanning 3.46 acres, the project offers a total saleable area of 701,051 sq ft, comprising 420 units (1–4 BHK) with sizes ranging from 739–2,306 sq ft.
- Marina One, Kochi: The company launched four more towers at Marina One, adding 920,593 sq ft of saleable area. These towers feature 362 premium 2–4 BHK units, with sizes from 2,006–3,061 sq ft.
Delivery Milestone: 594 Homes Completed in Q1
SOBHA also demonstrated strong execution capabilities by delivering 1.07 million sq ft of saleable area across 594 units during the quarter. Key projects contributing to this milestone include:
- SOBHA Royal Pavilion & Windsor (Bangalore)
- SOBHA City Gurgaon
- SOBHA Conserve & Arbor (Chennai)
This highlights the company’s consistent ability to complete projects and its robust in-house development infrastructure.
Strategic Commentary
The strong Q1 performance by SOBHA was significantly supported by several favourable macroeconomic factors:
- Strong economic sentiment: Record GST collections and overall positive economic indicators in India contributed to a conducive market environment.
- Lower interest rates: The Reserve Bank of India (RBI) cut the repo rate by 50 basis points to 5.5% in June 2025, making home loans more affordable and boosting buyer sentiment, particularly in the mid-income and affordable segments. This also eased borrowing costs for developers.
- Expanding urban housing demand: There is a sustained demand for housing, particularly in the premium segment, which is now showing traction even in non-Tier 1 markets. Cities like Hyderabad have also shown significant growth in housing sales.
- SOBHA’s focused approach: The company’s disciplined execution and strategic launch pipeline played a crucial role in capitalising on market opportunities.
Share Price Performance
As of around 9:40 AM on July 8, the shares of Sobha Limited were trading at ₹1,507.00, down by 0.59% or ₹8.90. It remains to be seen at what price the shares close at the end of today’s market session.
What’s Ahead For Sobha Limited?
Sobha is poised for continued growth in FY26, following a record Q1 sales of ₹2,078.8 crore. Strong traction in the NCR, especially with the launch in Greater Noida, will likely drive future volumes. However, the dip in average price realisation needs to be monitored to protect margins. The timely delivery of 594 homes reflects a solid execution strength. Lower interest rates and strong housing demand support the outlook. Investors may watch for price recovery and upcoming launches for further momentum.
Company Overview
SOBHA Limited is a publicly listed, pan-India real estate developer with a presence across 13 cities. The company is known for its backward-integrated development model, premium residential projects, and consistent operational execution. It is listed on both BSE and NSE under the scrip codes 532784 and SOBHA, respectively.
REF:https://nsearchives.nseindia.com/corporate/SOBHA_07072025231310_SOBHA_Operational_update_Q1_FY_2026.pdf
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