NEW DELHI: Real estate firm Sobha Ltd reported a 61% increase in sales bookings, reaching ₹1,902.6 crore in the second quarter of this fiscal year, fueled by strong demand for its residential properties.
In the same period last year, the company achieved property sales worth ₹1,178.5 crore.
According to a regulatory filing, Sobha Ltd sold 13.94 lakh square feet during the July-September quarter, with an average price of ₹13,648 per square foot.
Bengaluru accounted for 69.7% of the quarterly sales, amounting to ₹1,326.4 crore, aided by increased momentum at the SOBHA Town Park project.
Delhi-NCR contributed ₹309.7 crore, while the Kerala region added ₹184.8 crore to the quarterly sales total, driven by a surge in festive demand.
For the first half of 2025-26, Sobha Ltd reported sales bookings of ₹3,981.4 crore, marking its best H1 performance, compared to ₹3,052.2 crore during the same period last year.
Throughout the entire 2024-25 fiscal year, Sobha Ltd sold properties worth ₹6,276.5 crore.
“Rationalization and simplification of GST rates, along with a decline in interest rates supported by a low-inflation environment, is anticipated to further boost household consumption and domestic economic activity,” Sobha stated.
During the recent September quarter, Sobha Ltd delivered 591 homes covering 1.18 million sq ft of saleable area.
Sobha Ltd is among the leading real estate developers in India.
However, data from PropEquity indicates a 4% decline in housing sales across the top 9 cities during the July-September period of 2025.
Additionally, Anarock reported a 9% annual decrease in sales in seven major cities.
Despite the overall slowdown in sales volumes in the first nine months of 2025, prominent branded and listed companies continue to perform well, gaining market share from smaller, unorganized, and unbranded developers.
