Bengaluru – Sobha Ltd has reported its highest-ever quarterly sales bookings, reaching ₹2,078.8 crore in Q1 FY26, marking an 11% year-on-year growth compared to ₹1,873.7 crore in the same quarter last year. This performance comes on the back of robust housing demand, strategic project launches, and favorable market conditions across India’s residential real estate sector.
The company sold a total of 14.44 lakh square feet of saleable area during the quarter, a significant rise from the 11.75 lakh square feet sold in Q1 FY25. Additionally, Sobha completed 1.07 million square feet of saleable space and handed over 594 homes during the period, highlighting its operational efficiency and strong delivery track record.
Sobha attributed this strong performance to multiple key drivers, including growing urban migration, healthy commercial space absorption, and rising homeownership aspirations among Indian buyers. The improving economic outlook, along with falling interest rates and rising consumer and investor confidence, further contributed to the surge in residential sales.
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Two major residential projects were launched during the quarter, significantly boosting Sobha’s performance. One of the highlights was the launch of Sobha Aurum in Greater Noida, spread across 3.46 acres and offering 701,051 square feet of saleable area across 420 apartments. The company also launched a new residential project in Kochi. The Greater Noida project alone is set to attract an investment of ₹800 crore, reflecting Sobha’s strategic focus on expanding its footprint in high-potential growth corridors.
With operations in 13 cities across India, Sobha Ltd has delivered approximately 145 million square feet of real estate to date. Achieving over ₹2,000 crore in quarterly sales for the first time marks a major milestone for the company and strengthens its position among India’s top-performing real estate developers.
Sobha’s Q1 results are a strong indicator of the positive momentum in India’s real estate sector, especially in the premium housing segment. With more launches in the pipeline and a clear focus on quality and timely delivery, the company is well-positioned to maintain its growth trajectory in the coming quarters. However, it will also need to navigate macroeconomic conditions and monitor interest rate trends to sustain this momentum.
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