Sobha Reports Record First-Quarter Bookings, Sets Positive Tone for Fiscal Year 2027

Sobha Realty Sees 70% Spike in Pre-Sales, Exceeds Analysts' Expectations

Realty firm Sobha has reported a significant surge in pre-sales or bookings in the June quarter (Q1FY27), with the figure rising by over 70% both sequentially and year-on-year. The company's pre-sales bookings reached a record high of ₹3,656 crore, surpassing analysts' expectations and marking the highest ever quarterly figure.

The strong customer response to new launches, particularly the highly anticipated Hoskote luxury project, Sobha OneWorld, was a key driver of the bookings. Located in East Bengaluru, Sobha OneWorld is a 47.4-acre luxury residential project that boasts a gross development value (GDV) of ₹7,500 crore. The project's revenue potential is substantial, and its success is a testament to Sobha's ability to attract high-end customers.

The impressive pre-sales figure is a significant milestone for Sobha, and it underscores the company's growing presence in the Indian real estate market. As Sobha continues to expand its portfolio and launch new projects, it is likely to maintain its momentum and remain a key player in the industry.