Sobha Ltd, one of India's leading real estate developers, reported a 76% surge in sales bookings to ₹3,656.1 crore for the first quarter of fiscal 2026-27, driven by robust housing demand, according to an operational update from the company. The Bengaluru-based firm had posted sales bookings of ₹2,078.8 crore in the same period last year.
Record Quarterly Sales Performance
The June quarter marked Sobha's highest-ever quarterly sales, reaching ₹3,656 crore, as per the company's operational update. The company sold 1,432 homes and plots, covering 2.34 million square feet of area. Compared to Q1 FY26, sales value increased by 76%, sales area by 62%, and the number of homes and plots by 78%.
Geographic Breakdown: Bengaluru and Delhi-NCR Lead
Bengaluru, Sobha's home market, contributed ₹2,067 crore in sales, accounting for 56.5% of total sales. Delhi-NCR (National Capital Region) recorded sales of ₹1,384 crore, representing 37.9% of the total. Together, these two regions made up over 94% of the company's quarterly sales. The performance was led by strong response to new project launches in both cities.
Project Launches and Deliveries
During the quarter, Sobha launched 6.89 million square feet of saleable area across three projects in Bengaluru and Gurugram. The company also completed 671 homes across eight projects, totalling 1.08 million square feet of saleable area.
| Metric | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Sales Bookings (₹ crore) | 3,656.1 | 2,078.8 | +76% |
| Homes & Plots Sold | 1,432 | 804* | +78% |
| Area Sold (mn sq ft) | 2.34 | 1.44* | +62% |
| Bengaluru Sales (₹ crore) | 2,067 | – | – |
| Delhi-NCR Sales (₹ crore) | 1,384 | – | – |
| *Derived from reported percentage changes. |
Year-Over-Year Growth Trajectory
Sobha's latest quarterly performance builds on a strong fiscal 2025-26, during which the company sold properties worth ₹8,135.9 crore. The first quarter of the current fiscal already represents nearly 45% of the previous full-year sales, indicating sustained demand momentum.
Market Context and Outlook
The quarterly update from Sobha underscores continued buoyancy in India's residential real estate market, particularly in key metropolitan areas. The company's ability to launch new projects and achieve record sales is a positive indicator for the sector. Investors and analysts will watch for Sobha's full quarterly earnings report, including revenue and profit figures, expected in the coming weeks. For now, the operational numbers suggest strong execution and market demand.
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