Latest news with #SobhaAurum
Mint
14-07-2025
- Business
- Mint
Sobha Ltd eyes big FY26 comeback with launches beyond Bengaluru
Real estate developer Sobha Ltd has staged an impressive rebound after a lacklustre performance in FY25. In the June quarter (Q1FY26), the company reported its highest-ever quarterly pre-sales at ₹2,079 crore—up 11% year-on-year and 13% sequentially. With this, the company crossed the ₹2,000 crore threshold in pre-sales for the first time. This recovery was driven by new project launches totalling 1.62 million square feet (msf) in Q1, which included Sobha Aurum, the company's debut in the Greater Noida market, and the final four towers at the Marine One project in Kochi. On the execution front, Sobha completed 1.07 msf of developments during the quarter, delivering 594 homes across projects such as Sobha Royal Pavilion and Sobha Windsor in Bengaluru, Sobha City in Gurugram, and Sobha Conserve and Sobha Arbor in Chennai. Importantly, the share of its core market Bengaluru stood at 32% by volume in Q1FY26, but the National Capital Region led with a 49% share in geographical mix aided by traction in the Greater Noida project. In value terms, Bengaluru remained a key market, contributing ₹602.4 crore, supported by sales in existing projects like Sobha Town Park, Sobha Ayana, and Sobha Neopolis. A broader geographical footprint is expected to lower Sobha's concentration risk and sustain sales momentum. The company plans to launch new projects in the second half of FY26 across key markets including Gurgaon (Sector 63A), Pune, Mumbai, and Bengaluru. 'With 19.27 msf of upcoming projects and an additional 24.27 msf of developable land, Sobha has strong visibility into future growth. We expect 9-10 msf to be launched in FY26," AntiqueStock Broking said in a report dated 8 July. If all the planned launches materialize, Sobha may touch ₹10,000 crore in FY26, estimates Antique. Sobha had ended FY25 with pre-sales of ₹6,280 crore, missing its guidance of ₹8,500 crore given at the beginning of the year. If current momentum holds, it could pave the way for a stock recovery. Shares of Sobha have fallen 23% in the past year, underperforming the Nifty Realty index's 12% decline. Launch delays weighed on the company's performance last year. HDFC Securities' analysts noted that regulatory approvals are now back on track, especially in key markets such as the NCR and Bengaluru. This easing of bottlenecks is expected to accelerate Sobha's project launches over the next two to three quarters. 'This revival will not only assist with project pipeline visibility but also help inventory monetization and scale-based margin recovery," said the HDFC Securities report dated 8 July.
Time of India
08-07-2025
- Business
- Time of India
Sobha posts pre-sales of ₹2,078 crore in Q1 FY26
NEW DELHI: Sobha reported its highest-ever quarterly real estate sales in the first quarter of FY26, recording pre-sales of ₹2,078 crore. The company's share of the sales stood at ₹1,717 crore. The quarterly performance was driven by robust demand across its key markets and the successful launch of Sobha Aurum in Greater Noida , the company's first project in the city. The total area sold during the quarter stood at 1.44 million sq ft, at an average realization of ₹14,395 per sq ft. Regional performance Bengaluru remained the top contributor with ₹602 crore in sales, followed by Gurugram at ₹352 crore. Kerala contributed ₹210 crore, supported by the launch of additional towers in the Marina One project in Kochi. Tamil Nadu added ₹59 crore, while Hyderabad and Pune saw muted activity due to limited inventory availability. Deliveries and launches Sobha delivered 594 residential units across 1.07 million sq ft during the quarter, including projects in Bengaluru, Gurugram, and Chennai. The company also launched two projects with a combined saleable area of 1.62 million sq ft: Sobha Aurum, Greater Noida : 420 units over 701,051 sq ft. Marina One, Kochi : 362 units across 920,593 sq ft. The company's real estate footprint now spans 13 cities.
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Business Standard
08-07-2025
- Business
- Business Standard
Sobha Q1 pre-sales rises 11% to ₹2,079 cr on better demand for homes
Realty firm Sobha Ltd has reported an 11 per cent increase in sales bookings to a record ₹2,078.8 crore in the first quarter of this fiscal year as housing demand continues to be strong. Its sales bookings or pre-sales stood at ₹1,873.7 crore in the year-ago period. The Bengaluru-based company sold 14.44 lakh sq ft area in April-June period of this financial year as against 11.75 lakh sq ft, according to a regulatory filing on Monday. During the June quarter, Sobha completed 1.07 million sq ft of saleable area and delivered 594 homes across projects. Sobha said the company has achieved its "highest-ever quarterly real estate sales value of ₹2,079 crore, crossing the ₹2,000 crore milestone for the first time." The company attributed various facto₹for robust demand, including urban migration, record commercial space absorption, stronger consumer and investor confidence, declining interest rates, and growing home ownership aspirations. Sobha launched two housing projects during the April-June period, one in Greater Noida and one in Kochi. In Greater Noida, the company has launched a project 'Sobha Aurum' spread across 3.46 acres with a total saleable area of 701,051 sq ft. The project comprises 420 apartments. Sobha Ltd will invest around ₹800 crore to develop this luxury housing project in Greater Noida. Sobha, one of the leading real estate develope₹in the country, has delivered around 145 million sq ft since its inception. The company has a presence in 13 cities.
Time of India
27-06-2025
- Business
- Time of India
Sobha to invest ₹800 crore in residential project in Greater Noida
NEW DELHI: Bengaluru-based Sobha plans to invest ₹800 crore in its maiden residential project - Sobha Aurum in Greater Noida . The company has received Uttar Pradesh RERA approval for the project, which will come up in Sector 36. The project spread over 3.46 acres and have a total development potential of approximately 9.3 lakh sq ft. It comprises two towers with a total of 420 residential units, including 1, 2, 3, and 4 BHK configurations. Unit sizes range from 739 sq ft for 1BHKs to over 2,300 sq ft for 4BHKs. According to project details, prices begin at ₹1.12 crore for 1BHK units and extend up to ₹3.48 crore for 4BHK apartments.
Hindustan Times
27-06-2025
- Business
- Hindustan Times
Sobha Ltd enters Greater Noida, plans to invest ₹800 crore to develop the luxury project
Listed real estate developer Sobha Ltd, headquartered in Bengaluru, plans to invest approximately ₹ 800 crore in a luxury housing project in Greater Noida. The move is part of the company's strategy to expand its presence in the Delhi-NCR property market. Listed real estate developer Sobha Ltd, headquartered in Bengaluru, plans to invest approximately ₹ 800 crore in a luxury housing project in Greater Noida. (Representational Image) (In Photo: Impression of Sobha Aranya)(File Photo ) Sobha Ltd has announced the launch of a luxury residential project offering 420 housing units, including 1BHK units starting at ₹ 1.12 crore, 2BHKs priced at ₹ 1.92 crore, 3BHKs at ₹ 2.30 crore, and 4BHKs at ₹ 3.48 crore, according to a company statement. The premium residences will come up across two towers in Sector 36, it said. Sobha Ltd. acquired the land for this project through an auction for approximately ₹ 160 crore. While the company has not disclosed the total project cost, sources indicate that the investment for the development is expected to be around ₹ 800 crore. Also Read: Sobha Limited to develop a 26-acre row housing project in Bengaluru with a revenue potential of around ₹ 2700 crore Sobha Aurum, a premium development by Sobha Ltd, will feature two towers soaring over 45 floors, offering 420 luxury residences. The project includes a mix of 1BHK to 4BHK homes, with select units featuring private terraces and corner balconies, designed for an elevated urban lifestyle, the statement said. Spanning 3.46 acres with a total development potential of 9.3 lakh sq ft, Sobha Aurum has already received all necessary regulatory approvals for launch. The company said over 2.5 acres of the project will be dedicated to open and recreational spaces with a 15,072 sq ft clubhouse. Outdoor amenities include a lap and leisure pool, a kids' play area, a multi-sport court, and an exhibition lawn. The company already has a presence in the Delhi-NCR market. It has developed 'Sobha International City' on Dwarka Expressway, Gurugram. This is the first project in Greater Noida and the fifth project in Delhi-NCR. "Entering Greater Noida marks a significant new chapter in Sobha's journey. As we step into this dynamic market, we are confident that our commitment to excellence will set a new benchmark in luxury living for the region,' said Jagadish Nangineni, managing director, Sobha Limited.
