Sobha Achieves All-Time High Rs. 2,115 Crore Sales in Q3 FY26: Bengaluru Leads the Surge
Sobha Limited has once again proven its strength in India’s residential real estate market by reporting its highest-ever quarterly sales in Q3 FY26. With total sales of Rs. 2,115 crore, the developer has demonstrated robust buyer demand, strategic project launches, and steady expansion into high-potential cities. This performance highlights the growing confidence in urban housing despite broader economic uncertainties.
Record-Breaking Quarterly Performance
During Q3 FY26, it posted 52.3% year-on-year growth and an 11.2% rise over the previous quarter. The company’s own share of sales stood at Rs. 1,818 crore, accounting for nearly 86% of the total quarterly sales.
it sold 1.37 million square feet at an average price of Rs. 15,436 per square foot. The strong numbers reflect healthy pricing, sustained demand, and the company’s ability to attract both premium and mid-income buyers.
This quarter’s performance proves that urban residential demand remains resilient, particularly in markets with strong infrastructure and lifestyle amenities.
Bengaluru Drives Growth
Bengaluru emerged as the largest contributor to Sobha’s sales, generating 71.5% of the total quarterly value. The city recorded sales of Rs. 1,512 crore, a 51% year-on-year increase.
The launch of Sobha Magnus, a luxury residential project in South Bengaluru, attracted rapid buyer interest. With modern designs, premium amenities, and a prime location, the project exemplifies why Bengaluru remains India’s top real estate hub.
This momentum reflects a combination of strong market fundamentals, high disposable incomes, and the city’s reputation as a preferred residential destination for professionals and families.
Performance Across Other Key Markets
Sobha didn’t just rely on Bengaluru for growth. In the National Capital Region (NCR), the launch of Sobha Strada in Gurgaon contributed Rs. 349 crore to quarterly sales. Meanwhile, Kerala delivered Rs. 154 crore, registering 18% year-on-year growth.
These numbers indicate that Sobha is effectively balancing growth across multiple markets. By targeting regions with end-user demand, infrastructure, and development potential, the company ensures diversified revenue streams and consistent sales performance.
Nine-Month Sales Surpass Rs. 6,000 Crore
For the nine months ended December 31, 2025, Sobha achieved cumulative sales of Rs. 6,097 crore, marking a 37.3% increase from the same period last year. The company sold 4.21 million square feet at an average price of Rs. 14,486 per square foot.
This sustained performance highlights resilient residential demand across India’s urban centers. Even amid economic uncertainties, homebuyers continue to prioritize quality housing in well-connected, amenity-rich neighborhoods.
Consistent Completions and Timely Deliveries
Sobha completed 1.39 million square feet in Q3 FY26, delivering 915 homes to buyers. For the nine-month period, cumulative completions reached 3.64 million square feet, translating into 2,100 homes delivered.
The focus on timely execution and handovers strengthens customer trust and ensures operational efficiency. Buyers gain confidence when developers deliver projects on schedule, which in turn fuels stronger sales and long-term brand loyalty.
Strategic New Launches
New project launches played a central role in Sobha’s Q3 success. The company introduced three new projects across three cities, totaling 932,171 square feet of saleable area. Key launches include:
- Sobha Magnus, South Bengaluru – Luxury residential
- Strada in Gurgaon – Serviced apartments and retail
- Sobha Inizio, Mumbai – Sobha’s first luxury project in the city
The launch of Sobha Inizio marks a significant milestone. Located in Mumbai’s Sewri–Parel corridor, this project represents the company’s entry into one of India’s most competitive housing markets. Sobha plans to expand its presence strategically in top-tier metropolitan cities, leveraging its strong brand reputation.
Expanding Presence Across 13 Cities
With the Mumbai launch, now operates in 13 cities across India, including Bengaluru, Gurgaon, Hyderabad, Kerala, and now Mumbai. The company strategically focuses on markets with robust end-user demand, long-term growth potential, and strong infrastructure.
Management attributes the strong quarterly performance to favourable housing fundamentals, including low home loan interest rates, steady urban consumption, and improving economic conditions.
Expert Advice
Sanjeev Singh, MD, SKJ Landbase, commented:
Sobha’s Q3 performance highlights the importance of strategic launches, disciplined execution, and premium quality offerings. Developers who combine timely delivery with market insight will continue to attract buyers and achieve sustainable growth.
This insight emphasizes that consistent project execution and strategic market entry are critical for long-term success in residential real estate.
Outlook: Sustained Growth Ahead
Looking ahead, Sobha remains committed to disciplined growth, timely execution, and selective expansion. With a healthy pipeline of launches and strong buyer demand, the company expects residential sales momentum to remain steady in the coming quarters.
As Sobha strengthens its footprint in both established and emerging markets, it sets a benchmark for quality, trust, and operational excellence in India’s residential real estate sector.
