SOBHA Ltd - Real Estate Operational Update - Q1 FY 2026

FY 2026 started on a strong economic footing for India, supported by steady growth across core sectors, reflected in robust GST collections and improving market sentiment. April 2025 marked the highest-ever monthly GST collections, rising 12.6% year-on-year, followed by a 16.4% increase in May-signaling sustained expansion in formal economic activity. India remained resilient to global uncertainty (trade tariffs, supply chain disruptions etc.) and escalating geopolitical tensions, driven by underlying strong fundamentals. Continued urban migration, record commercial space absorption across major cities, stronger consumer and investor confidence, declining interest rates, and growing home ownership aspirations continued to drive housing demand in urban areas.

SOBHA delivered a historic quarter, achieving its highest-ever quarterly real estate sales value of ₹20.79 Bn, crossing the ₹2,000 Crore milestone for the first time. Sobha share of the sales value was at ₹17.17 Bn. This performance was led by the launch of SOBHA Aurum in Greater Noida, which witnessed strong demand in the launch week underscoring the market's response to high-quality positioning in strategic location. The success marks a pivotal step in SOBHA's expansion strategy and reflects the growing appetite for premium housing beyond traditional Tier 1 cities. Total sales for the quarter were supported by 1.44 mn square feet of new sales area across SOBHA's operational markets at an average realization of ₹14,395 per square feet.

Bangalore maintained a stable contribution of ₹6,024 mn, supported by absorption across SOBHA Town Park, SOBHA Ayana, and SOBHA Neopolis. Gurgaon improved further to ₹3,524 mn, sustaining growth momentum for the fourth consecutive quarter, led by SOBHA Aranya and SOBHA Altus. Kerala added ₹2,097 mn, supported by launch of four towers of Marina One, Kochi. Tamil Nadu contributed ₹587 mn, maintaining steady volumes. Hyderabad and Pune remained muted during the period due to limited inventory.

During the quarter, SOBHA completed 1.07 million square feet of saleable area, delivering 594 homes across projects such as SOBHA Royal Pavilion & SOBHA Windsor in Bangalore, SOBHA City Gurgaon, SOBHA Conserve & SOBHA Arbor in Chennai and others. This delivery performance reflects continued execution rigour and SOBHA's in-house development capability.

Key Highlights

- Achieved highest-ever quarterly sales value, clocking ₹20,788 mn and crossing ₹2K Cr. milestone

- Successfully launched SOBHA Aurum, our first project in Greater Noida

- SOBHA's real estate footprint now increased to 13 cities across India

- Completed 594 homes comprising 1.07 million square feet of saleable area

New Launches in Q1 FY 2026, with a combined saleable area of 1.62 million square feet.

SOBHA Aurum, located in Sector 36, Greater Noida, is spread across 3.46 acres and offers a total saleable area of 701,051 square feet. The project comprises 420 units in 1, 2, 3, and 4 BR configurations, with unit sizes ranging from 739 to 2,306 square feet.

Marina One, Kochi - Remaining four towers of Marina One, comprising a saleable area of 920,593 square feet, offering 362 units in 2, 3, and 4 BR formats, with unit sizes ranging from 2,006 to 3,061 square feet.



Shares of Sobha Limited was last trading in BSE at Rs. 1515.65 as compared to the previous close of Rs. 1520.35. The total number of shares traded during the day was 9728 in over 981 trades.

The stock hit an intraday high of Rs. 1532.95 and intraday low of 1498.05. The net turnover during the day was Rs. 14751944.00.

Source : Equity Bulls

Keywords

Sobha INE671H01015 Realty Q1FY2026 RealEstate OperationalUpdate