Real estate developer Sobha Limited on Saturday reported its highest-ever quarterly real estate sales for the quarter ended December 31, 2025 (Q3 FY26), driven by strong demand across key markets and new project launches.
The company recorded total sales value of ₹21.15 billion (₹2,115 crore) during the quarter, marking a 52.3% year-on-year growth and an 11.2% increase sequentially. Sobha’s share of sales stood at a record ₹18.18 billion, accounting for nearly 86% of total sales value.
Strong performance across cities
Sobha sold 1.37 million sq ft during the quarter at an average price realisation of ₹15,436 per sq ft. Bengaluru emerged as the top-performing market, contributing 71.5% of total sales value.
- Bengaluru: Sales value of ₹15.12 billion, up 51% YoY, supported by the successful launch of Sobha Magnus
- NCR: ₹3.49 billion in sales, driven by the launch of Sobha Strada in Gurgaon
- Kerala: ₹1.54 billion in sales, registering an 18% YoY growth
Nine-month sales cross ₹6,000 crore
For the nine months ended December 31, 2025, Sobha achieved a sales value of ₹60.97 billion (₹6,097 crore), representing a 37.3% increase over the same period last year. The company sold 4.21 million sq ft during the nine-month period at an average realisation of ₹14,486 per sq ft.
Completion and deliveries
During Q3 FY26, Sobha completed 1.39 million sq ft, delivering 915 homes. Cumulative completions for the nine-month period stood at 3.64 million sq ft, translating into 2,100 homes delivered.
New project launches and Mumbai entry
Sobha launched three projects across three cities during the quarter with a combined saleable area of 932,171 sq ft, taking cumulative new launches for FY26 so far to 2.58 million sq ft.
Key launches included:
- Sobha Magnus, a luxury residential project in South Bengaluru
- Sobha Strada, a serviced apartment and retail development in Sector 106, Gurgaon
- Sobha Inizio, the company’s first luxury residential project in Mumbai, located in Sewri–Parel, marking Sobha’s entry into the Mumbai market
With the Mumbai launch, Sobha’s real estate footprint has expanded to 13 cities across India.
Outlook
Sobha said the strong performance reflects resilient residential demand, supported by low home loan rates, robust urban consumption, and improving economic fundamentals. The company remains focused on disciplined growth, timely project execution, and expanding its presence in key metropolitan markets.
