Real estate developer Sobha Ltd reported a 76% year-on-year increase in sales bookings to ₹3,656.1 crore during the first quarter of the current financial year, supported by robust demand for its residential projects across key markets.
The company had recorded ₹2,078.8 crore in sales bookings during the corresponding quarter of the previous financial year.
According to its latest operational update, the Bengaluru-based developer achieved its highest-ever quarterly sales bookings of ₹3,656 crore during the April-June quarter, reflecting sustained momentum in India’s residential real estate market.
During the quarter, Sobha sold 1,432 homes and plots, covering a total saleable area of 2.34 million square feet. Moreover, strong customer demand for newly launched residential projects in Bengaluru and Gurugram significantly contributed to the company’s record performance.
Furthermore, Sobha delivered robust growth across all key operating metrics compared with the first quarter of FY26. The company increased its sales value by 76%, sales area by 62%, and the number of homes and plots sold by 78%, demonstrating continued buyer confidence in its premium residential offerings.
Bengaluru remained the company’s largest market during the quarter. The city generated ₹2,067 crore in sales bookings, contributing 56.5% of the company’s total quarterly sales value.
Meanwhile, the Delhi-NCR region recorded sales bookings of ₹1,384 crore, accounting for 37.9% of the company’s overall sales. Strong demand for newly launched projects in Gurugram played a key role in driving the region’s impressive performance.
Additionally, Sobha expanded its development pipeline by launching 6.89 million square feet of saleable area across three residential projects in Bengaluru and Gurugram during the June quarter.
The company also maintained healthy execution momentum by completing 671 homes across eight projects, representing a total saleable area of 1.08 million square feet. Consequently, Sobha continued to strengthen its reputation for timely project delivery while meeting growing customer demand.
As one of India’s leading listed real estate developers, Sobha continues to benefit from strong demand for premium residential properties in major metropolitan markets. The company had reported property sales worth ₹8,135.9 crore during the 2025-26 financial year, highlighting its consistent performance in the residential real estate sector.
Moreover, the latest quarterly results reinforce the positive outlook for India’s housing market, particularly in premium residential segments where established developers continue to attract strong buyer interest. Sobha’s ongoing project launches, robust execution capabilities, and expanding portfolio position the company for sustained growth in the coming quarters.
Sobha’s record ₹3,656 crore quarterly sales bookings demonstrate the continued strength of India’s residential real estate market. Driven by strong demand in Bengaluru and Delhi-NCR, along with successful new project launches and timely project execution, the company has reinforced its position as one of the country’s leading real estate developers. As housing demand remains resilient, Sobha appears well-positioned to maintain its growth momentum throughout the financial year.
