Tag: Sobha

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Sobha’s Q1 FY27 Net Profit Soars 274% to ₹50.84 Crore

NEW DELHI: Sobha has announced a remarkable 273.5% increase in its net consolidated profit after tax, totaling ₹50.84 crore for the quarter ending June 30, 2026, compared to ₹13.61 crore during the same period last year. The company’s net consolidated total income rose 47.6% to ₹1,330.17 crore in Q1 FY27, up from ₹901.40 crore in Q1 FY26. Real estate sales value surged 76% year-on-year, reaching ₹3,656 crore. The company sold 2.34 million sq. ft. in this quarter, a 62% increase compared to the previous year. Collections saw an 8% increase year-on-year, amounting to ₹1,924 crore. The average sales realization was…

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South Indian Developers Boost Presence in Mumbai Housing Market

Representative AI image Mumbai’s property market is experiencing renewed competition as major real estate developers from South India focus on the country’s largest market, drawn by ongoing housing demand and lucrative redevelopment prospects. The current entrants are utilizing a more measured approach than previous out-of-market attempts, emphasizing redevelopment projects, joint development agreements, and partnerships with local landowners, thereby establishing a capital-efficient pathway into India’s priciest property sector. Developers like Prestige Group, Puravankara, Shriram Properties, Sobha, Casagrand, and RMZ are either entering or preparing to enter the Mumbai market through various redevelopment initiatives and land acquisitions, looking to expand beyond their…

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Sobha Q1 FY27 Sales Reach ₹3,656 Crore

NEW DELHI: In Q1 FY27, Sobha achieved quarterly sales worth ₹3,656 crore, marking a 76% increase compared to the same quarter last year. The company sold 2.34 million sq ft this quarter, a year-on-year rise of 62%, across 1,432 homes and plots, representing a 78% increase. Their sales value share reached ₹2,992 crore, the highest for any quarter to date. Bengaluru’s sales accounted for ₹2,067 crore, contributing 56.5% of total sales this quarter. NCR recorded ₹1,384 crore in sales, which comprised 37.9% of overall sales. Kerala contributed ₹134 crore, or 3.7% of total sales, while other cities combined contributed ₹71…

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Sobha Announces FY26 Net Profit of ₹193.40 Crore

NEW DELHI: Sobha has announced a remarkable net consolidated profit growth of 104.27% for the financial year 2025-26. The profit after tax reached ₹193.40 crore in FY26, compared to ₹94.68 crore in FY25, according to a filing with the BSE. The company’s net consolidated total income for FY26 was ₹5,383.76 crore, representing a 29.33% increase from ₹4,162.75 crore in FY25. In Q4 FY26, net consolidated total income surged by 59.74% to ₹2,029.92 crore, up from ₹1,270.73 crore in the same quarter of the previous year. Profit after tax in this quarter rose by 124.80% to ₹91.83 crore, compared to ₹40.85…

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Sobha’s Q4 FY26 Pre-Sales Up 11% to ₹2,039 Crore

NEW DELHI: Sobha Ltd, a prominent real estate developer, reported an 11% growth in sales bookings, totaling ₹2,039.3 crore for the fourth quarter of the last fiscal year, driven by increased demand for its residential projects. The previous year’s pre-sales were ₹1,835.7 crore. According to a regulatory filing on Friday, Sobha achieved its highest annual sales bookings of ₹8,135.9 crore during the fiscal year 2025-26, up from ₹6,276.5 crore the year before. “Sobha concluded FY26 on a strong note, maintaining the momentum from the previous three quarters. Despite global uncertainties such as trade policy changes and geopolitical tensions in West…

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UP-RERA fines three projects ₹5 lakh for unregistered promotions

NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has fined three projects ₹5 lakh each for marketing and selling units without the required registration, breaching the Real Estate (Regulation and Development) Act, 2016. During its 198th meeting, UP-RERA discovered that ‘Estate 105’ (Max Estate), ‘Sobha Rivana’ (Sobha) in Noida, and ‘Avikalp Estate’ (Dhanushkothi Builder & Developer) in Lucknow were being promoted or sold without obtaining the necessary RERA registration. UP-RERA noted that these projects were advertised on digital platforms, and in one instance, units were sold prior to registration, violating section 3 of the Act, which mandates registration…

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Sobha Q3 FY26 Net Profit Drops by 28.87%

NEW DELHI: Bengaluru-based Sobha reported a 28.87% decline in net consolidated profit for Q3 FY26, ending December 31, 2025. The profit after tax was ₹15.42 crore, compared to ₹21.68 crore in the same quarter of the previous fiscal year, according to a BSE filing. The company’s net consolidated total income for Q3 FY26 was ₹983.10 crore, marking a 21.78% decrease from ₹1,256.87 crore in the same quarter last year. Jagadish Nangineni, the managing director, stated, “Although procedural delays in obtaining occupancy certificates (OCs) have temporarily tempered quarterly profitability, we are optimistic about expediting project completions, which will significantly improve our…

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RLDA Secures ₹2,250 Crore Bid for 2.5 Acres in Mumbai

Representative image The Railway Land Development Authority (RLDA) achieved a record bid of ₹2,250 crore for a prime 2.5-acre site in Mahalaxmi, South Mumbai, according to sources familiar with the situation. This unprecedented bid sets a new standard for long-term lease rights auctions in India’s real estate sector. The competitive process drew interest from several of the nation’s leading developers, indicating strong investor confidence in prime urban properties. Four major developers competed for the plot. Dineshchandra R Agrawal Infracon emerged as the top bidder with a ₹2,250 crore offer, followed by Sobha Realty at ₹1,232 crore, and Lodha Group with…

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Real Estate Firms Surge to NCR Amid Rising Demand and Prices

Representative AI image NEW DELHI: The National Capital Region (NCR) is progressively attracting developers from Mumbai and Bengaluru, with price growth in the market surpassing other areas, experts indicate. Mumbai’s Oberoi Realty is set to introduce its initial project in Gurugram this fiscal year, while Lodha and Rustomjee are exploring land acquisition opportunities in the region, according to informed sources. Bengaluru’s Prestige Group and Sobha, early movers in the region, are now ramping up their expansion, making NCR their fastest-growing market. Godrej Properties and Tata Realty from Mumbai are also bolstering their presence in NCR. Newcomers like Dalcore are selecting…

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Sobha Q2 FY26 Net Profit at ₹72.52 Crore

NEW DELHI: Sobha has reported a net consolidated profit after tax of ₹72.52 crore for the quarter ending September 30, 2025. This marks an increase from the profit after tax of ₹26.08 crore recorded in the same quarter of the previous fiscal year, as stated in the company’s BSE filing. The company’s net consolidated income reached ₹1,469.32 crore, reflecting a growth of 52.22% from ₹965.29 crore in the equivalent quarter last year. “With a strong pipeline of 16.69 million sq ft of future launches planned over the next six quarters, a robust balance sheet, and stable demand, we are well-positioned…