Sobha expands beyond the core market

Record Q1 Pre-Sales:

achieved its highest-ever quarterly pre-sales of ₹2,079 crore in Q1 FY26 (up 11% YoY), marking its first time crossing the ₹2,000 crore threshold, primarily driven by 1.62 million sq. ft. of new project launches. NCR led Q1 sales volume with a 49% share, surpassing Bengaluru. This broader geographical success is expected to reduce concentration risk and sustain sales momentum, with new projects planned across various key markets. The company holds strong growth visibility with 19.27 million sq. ft. of upcoming projects and 24.27 million sq. ft. of developable land. Analysts anticipate ₹10,000 crore in pre-sales for FY26 if planned launches materialize. Streamlined regulatory approvals, especially in NCR and Bengaluru, are set to accelerate project launches in upcoming quarters, enhancing pipeline visibility, inventory monetization, and margin recovery.