Real estate developer Sobha Ltd achieved its highest-ever quarterly sales bookings of ₹3,656 crore in Q1 FY27, representing a 76% year-on-year increase and over 70% sequential growth. According to reports from CNBC TV18, Business Standard, and Mint, the company sold 23.35 lakh square feet during the quarter, up 61.72% from 14.44 lakh square feet in Q1 FY26, while the number of homes and plots sold increased 78% to 1,432 units. The company's share of sales value reached a record ₹2,992 crore, compared with ₹1,717 crore in the year-ago period. Average realisation increased to ₹15,655 per sq ft in Q1 FY27 from ₹14,395 per sq ft a year earlier, with the average price standing at ₹15,655 per sq ft in Q1 FY27, up 9% year-on-year and 3% sequentially. The strong performance was ahead of analysts' expectations and driven by strong customer response to new launches, including the much-awaited Sobha OneWorld luxury project in East Bengaluru.
As reported by CNBC TV18, Business Standard, and Mint, Bengaluru contributed ₹2,067 crore, or 56.5% of total sales, recording its strongest-ever quarterly sales performance. The NCR region contributed ₹1,384 crore, accounting for 37.9% of total sales, while Kerala contributed ₹134 crore (3.7%). Other cities contributed ₹71 crore, or 1.9% of sales. The quarter's performance was led by strong demand for Sobha OneWorld, Sacred Grove by the Lake in Bengaluru and Sobha Crescent in Gurgaon. The IT hub and its core market, Bengaluru, clocked the strongest-ever quarterly sales, followed by the National Capital Region (NCR). Sobha has diversified its geographical mix with exposure in Kerala, Hyderabad, Pune, and Mumbai.
According to CNBC TV18, Business Standard, and Mint, during the quarter, the company launched 6.89 million square feet of saleable area across three projects in Bengaluru and Gurgaon. These included Sobha Crescent – Phase 1, an 11.99-acre luxury residential development in Sector 63A, Gurgaon, comprising 336 homes across 8.7 lakh square feet with an estimated sales potential of ₹2,200 crore. The company also launched Sacred Grove by the Lake, a 26-acre premium plotted development at Chikka Tirupathi, Bengaluru, comprising 388 plots with a total saleable area of 6.3 lakh square feet. In East Bengaluru, Sobha launched Sobha OneWorld, a 47.4-acre luxury residential project comprising 3,484 homes across 53.9 lakh square feet, with an estimated sales potential of more than ₹7,500 crore. The Sobha OneWorld has a gross development value (GDV) of ₹7,500 crore, making it a significant revenue driver for the company.
As reported by CNBC TV18, Business Standard, and Mint, during the quarter, the company completed 671 homes across eight projects, covering a total saleable area of 10.8 lakh square feet. Shares of Sobha Ltd advanced 1.54% to ₹1,463 following the strong quarterly performance. The strong quarterly performance demonstrates Sobha's continued market leadership in the premium residential segment across key Indian cities, with the company being recognized as the real estate brand in the country that offers international-quality homes and commercial and contractual projects delivered on time through its backward integration model. The company has a project launch pipeline of 20 million square feet with a GDV of ₹26,300 crore to be launched over the next six to eight quarters.
According to Mint, Sobha is targeting an ambitious 30% year-on-year pre-sales growth in FY27, following a record high of ₹8,136 crore in FY26. The company made a comeback in FY26, launching nine projects totalling around 6 million square feet across six cities and also made a foray into Greater Noida and Mumbai. In a recent interaction with Emkay Global Financial Services, the management acknowledged uncertainty around artificial intelligence's impact on employment, particularly for entry-level jobs, but noted that demand from higher-skilled and higher-income professionals, its core customer base, was resilient. Although rising supply across several markets could limit price appreciation, Sobha expects volume-led growth and continues to focus on margins and cash flow. So far in 2026, Sobha stock is up a mere 0.5% versus a 2% return in the Nifty Realty index, with Nuvama Research noting that the Bengaluru market can still deliver volume growth and Sobha's sales shall improve going ahead, aided by better geographical diversification.
