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Sobha Ltd has reported an 11% year-on-year increase in quarterly sales bookings to INR 2,039.3 crore in Q4 FY26, supported by steady demand across residential projects. For the full financial year, the developer achieved its highest-ever pre-sales of INR 8,135.9 crore, marking significant growth over the previous year. Bengaluru remained the largest contributor, accounting for 55% of total sales, followed by Delhi-NCR and Kerala. The company also recorded substantial project launches and completions during the year, reflecting sustained momentum in the housing sector despite global uncertainties affecting broader economic conditions.
Sobha Ltd has reported an 11% increase in sales bookings to INR 2,039.3 crore during the fourth quarter of FY26, driven by continued demand for its residential projects across key markets, according to its regulatory filing released in the past week. The company had recorded sales bookings of INR 1,835.7 crore during the corresponding period in the previous financial year. Advertisement
On an annual basis, the Bengaluru-headquartered developer achieved its highest-ever sales bookings of INR 8,135.9 crore in FY26, compared to INR 6,276.5 crore in the preceding year. The performance reflects sustained buyer demand and steady sales momentum throughout the financial year, despite global economic uncertainties, including geopolitical tensions and evolving trade conditions.
The company indicated that the Indian residential real estate sector remained stable, supported by domestic consumption and a relatively steady home-buying environment. This contributed to consistent sales performance across multiple quarters, enabling the developer to maintain growth momentum.
In terms of operational metrics, the company sold approximately 5.54 million sq ft during the financial year at an average realisation of INR 14,675 per sq ft. Bengaluru emerged as the primary market, recording sales bookings of INR 4,478 crore, which accounted for 55% of the company's total annual sales. The Delhi-NCR region followed with sales of INR 2,455 crore, contributing around 30%, while the Kerala market added INR 808 crore, representing approximately 10% of total bookings.
Project launches and completions also remained robust during the year. The developer introduced around 6.01 million sq ft of saleable area across nine projects in six cities, indicating continued expansion of its development pipeline. At the same time, it completed 3,188 residential units, covering approximately 5.40 million sq ft of saleable area across various projects.
The company's performance reflects broader trends observed in the residential real estate market, where demand has remained resilient across major urban centres. Developers have continued to focus on project execution and timely delivery, alongside calibrated new launches aligned with market demand.
Source - PTI
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