Real estate developer Sobha Limited has posted its highest-ever quarterly real estate sales for the quarter ended December 31, 2025, underscoring strong housing demand across key urban markets. The performance was supported by new project launches and steady buyer interest in premium and mid-income housing.
During Q3 FY26, the company recorded total sales value of Rs. 21.15 billion (Rs. 2,115 crore), registering a 52.3 per cent year-on-year growth and an 11.2 per cent increase over the previous quarter. Sobha’s own share of sales stood at a record Rs. 18.18 billion, accounting for nearly 86 per cent of the total sales value for the quarter.
Bengaluru leads sales momentum
Sobha sold 1.37 million square feet during the quarter at an average price realisation of Rs. 15,436 per square foot, reflecting healthy pricing and sustained demand. Bengaluru emerged as the company’s strongest market, contributing 71.5 per cent of the total quarterly sales value.
In Bengaluru, sales touched Rs. 15.12 billion, marking a 51 per cent year-on-year increase. The strong performance was largely driven by the successful launch of Sobha Magnus, a luxury residential project in South Bengaluru, which saw robust buyer response.
Other key markets also contributed meaningfully. In the National Capital Region, Sobha recorded sales of Rs. 3.49 billion, supported by the launch of Sobha Strada in Gurgaon. Kerala delivered Rs. 1.54 billion in sales during the quarter, registering an 18 per cent year-on-year growth.
Nine-month sales cross Rs. 6,000 crore mark
For the nine months ended December 31, 2025, Sobha achieved cumulative sales of Rs. 60.97 billion (Rs. 6,097 crore), representing a 37.3 per cent increase compared with the same period last year. During this period, the company sold 4.21 million square feet at an average realisation of Rs. 14,486 per square foot.
The steady growth over nine months highlights the resilience of residential demand, particularly in established urban markets, despite broader economic uncertainties.
Steady progress on completions and deliveries
Sobha also reported consistent progress on project completions. During Q3 FY26, the company completed 1.39 million square feet of development, delivering 915 homes to buyers.
Cumulative completions for the nine-month period stood at 3.64 million square feet, translating into the delivery of 2,100 homes. Timely execution and handovers continue to remain a key focus area for the company, as it looks to strengthen customer confidence and maintain operational discipline.
New launches drive expansion
Project launches played a central role in Sobha’s strong quarterly performance. During Q3 FY26, the company launched three projects across three cities, with a combined saleable area of 932,171 square feet. With these additions, cumulative new launches for the financial year so far have reached 2.58 million square feet.
The quarter’s key launches included Sobha Magnus in South Bengaluru, Sobha Strada, a serviced apartment and retail development in Sector 106, Gurgaon, and Sobha Inizio, the company’s first luxury residential project in Mumbai.
The launch of Sobha Inizio marks the developer’s entry into the Mumbai real estate market, one of the country’s most competitive and high-value housing markets. Located in the Sewri–Parel corridor, the project signals Sobha’s intent to expand its presence in top metropolitan cities.
Footprint expands to 13 cities
With the Mumbai entry, Sobha’s real estate footprint has now expanded to 13 cities across India. The company continues to focus on markets with strong end-user demand, established infrastructure, and long-term growth potential.
Management said the robust quarterly performance reflects favourable housing fundamentals, including relatively low home loan interest rates, steady urban consumption, and improving economic conditions.
Outlook remains steady
Looking ahead, Sobha said it remains committed to disciplined growth, timely project execution, and selective expansion in key markets. With a strong launch pipeline and healthy demand trends, the company expects residential sales momentum to remain steady in the coming quarters.
