Sobha Ltd Logs Record ₹2,079 Cr Sales in Q1, Powered by Greater Noida Launch

Real estate developer Sobha Ltd has reported its highest-ever quarterly sales, booking ₹2,079 crore in the April–June quarter of FY25 a strong 11% rise over ₹1,873.7 crore in the same period last year.

According to the company based in Bengaluru, the performance has been driven by a very strong housing demand in the launch of ‘Sobha Aurum’ under Greater Noida. Launched across a total area of 3.46 acres, it consists of 420 apartments having a saleable area of 7.01 lakh sq ft and is developed at an estimated cost of ₹800 crore. The company claims that the project was received very well in terms of uptake after the launch week, which further affirms the growing demand for premium developments in well-connected NCR micro-markets.

For Sobha, this was 14.44 lakh sq ft in the quarter, as opposed to 11.75 lakh sq ft a year prior. It has also completed and handed over 1.07 million sq ft as well as delivered 594 homes across several projects.

“This is our highest-ever quarterly sales value in real estate, crossing ₹2,000 crore in sales for the first time,” said the company in a statement.

Such growth was accompanied by favourable market conditions such as urban migration and increased commercial space absorption, complemented by improved consumer sentiment and relatively stable interest rates. In addition to launching in Greater Noida, Sobha introduced another new residential project in Kochi during this quarter.

Backed with its backward integration model and execution capabilities, Sobha Ltd has completed over 145 million sq ft to date. It currently operates across 13 cities in India and continues to focus on the metropolitan regions while growing. Even as the company strengthens its footprint, other major developers expanding aggressively into the premium housing segment are strong contenders.

At the record-breaking quarter, the company reflects the strategic positioning of the company and, of course, the broader improvement with which India currently deals with real estate markets, particularly in NCR and southern markets.