Sobha FY26 sales bookings rise 30% to record ₹8,135.9 crore on strong Bengaluru, Delhi-NCR demand

Real estate developer Sobha Ltd has reported its highest-ever annual sales bookings for FY26, underlining the continued strength of India’s residential housing market. The Bengaluru-headquartered company recorded sales bookings of ₹8,135.9 crore during the financial year, registering a robust growth of nearly 30 percent compared to ₹6,276.5 crore in the previous fiscal.

The strong performance was led by sustained buyer demand across key urban markets, especially Bengaluru and Delhi-NCR, which continued to remain the company’s major revenue contributors. According to the company’s latest regulatory filing, Bengaluru alone contributed ₹4,478 crore, accounting for nearly 55 percent of total annual bookings. Delhi-NCR followed with ₹2,455 crore, contributing around 30 percent, while the Kerala market added ₹808 crore.

The fourth quarter also reflected healthy momentum, with sales bookings rising 11 percent year-on-year to ₹2,039.3 crore, compared to ₹1,835.7 crore in the corresponding period last year. This growth highlights resilient end-user demand despite global macroeconomic uncertainties and evolving geopolitical conditions.

Sobha also reported strong operational metrics for the year. The company sold approximately 5.54 million square feet during FY26 at an average realisation of ₹14,675 per square foot. This indicates sustained confidence among homebuyers in premium and mid-premium residential projects.

On the development front, the company launched around 6.01 million square feet of saleable area across nine projects in six cities, further strengthening its future pipeline. It also completed 3,188 residential units covering nearly 5.40 million square feet during the year, reflecting its continued focus on project execution and timely delivery.

The record performance comes at a time when India’s residential real estate sector continues to witness healthy demand across major cities, supported by urban housing needs, stable economic activity and rising buyer confidence.