Sobha Ltd Reports 52% Surge in Q3 Housing Sales to Rs 2,115 Crore

Sobha Ltd, a prominent real estate company based in Bengaluru, has announced a significant 52% increase in sales bookings to Rs 2,115.2 crore in the third quarter of the current fiscal year. This impressive growth is attributed to higher volumes and improved price realisation, reflecting the strong demand for housing in the market.

The company's performance in the third quarter is a testament to its strategic focus and market positioning. In the year-ago period, Sobha Ltd had sold properties worth Rs 1,388.6 crore. The company's regulatory filing on Saturday highlighted that it has achieved its highest-ever real estate sales value of Rs 2,115 crore, marking a historic quarterly performance.

In terms of volume, Sobha Ltd sold 13,70,340 square feet during the October-December period of this fiscal year, compared to 10,16,367 square feet in the corresponding period of the previous year. The average price realisation also saw a notable increase, rising to Rs 15,436 per square foot from Rs 13,663 per square foot.

Regional performance played a crucial role in Sobha Ltd's success. The company sold properties worth Rs 1,512 crore in Bengaluru and Rs 349 crore in the Delhi-NCR market. This indicates a strong presence and demand in these key markets, which are known for their economic growth and urbanization.

Over the first nine months of FY26, Sobha Ltd's sales bookings have risen by 37% to Rs 6,096.7 crore, up from Rs 4,440.8 crore in the same period of the previous fiscal year. This consistent growth underscores the company's ability to capitalize on market opportunities and maintain a competitive edge.

For the full fiscal year 2024-25, Sobha Ltd's sales bookings stood at Rs 6,276.5 crore, with a total volume of 46,79,825 square feet. The company's strong performance is a reflection of its strategic expansion and market diversification. Sobha Ltd has a presence in 13 cities across India, including Mumbai, where it has recently entered the market.

Despite a decline in overall housing sales in the top nine cities, as reported by data analytics firm PropEquity, Sobha Ltd has managed to outperform the market. PropEquity's data shows a 16% decline in housing sales to 98,019 units in the October-December period. This makes Sobha Ltd's achievement even more significant, as it demonstrates the company's resilience and ability to thrive in challenging market conditions.

Sobha Ltd's success in the third quarter is a positive indicator for the real estate sector, suggesting that the market is recovering and that there is a strong demand for quality housing. The company's focus on delivering high-quality projects and its strategic market presence are key factors contributing to its continued growth and success.