SOBHA Closes FY26 with Record Sales and New City Entries

SOBHA Limited has closed financial year 2026 on its strongest note yet. The Bangalore-headquartered developer reported real estate sales value of ₹81.36 billion (₹8,136 crore) for the year ended March 31, 2026 — its highest-ever annual figure and a 30% jump over FY25. SOBHA's own share of that sales value rose even faster, climbing 35% year-on-year to ₹67.06 billion, according to the company's operational filing with the exchanges.

The growth wasn't just about volume. New sales area for the year touched 5.54 million square feet, up from 4.68 million square feet in FY25, while average price realisation improved 9% to ₹14,675 per square foot from ₹13,412 the previous year. That combination — more area sold at higher prices — reflects sustained demand for SOBHA's premium positioning even as the broader residential market navigated global uncertainty.

Bangalore remained the backbone of this performance. The city delivered its best-ever annual sales value of roughly ₹44.78 billion, contributing 55% of the company's total sales for the year. The NCR region was the second-biggest driver, contributing ₹24.55 billion or about 30% of sales, with momentum coming largely from new launches in Greater Noida and Gurgaon. Kerala added ₹8.08 billion, supported by new towers at Marina One in Cochin and a fresh launch in Trivandrum, while GIFT City, Chennai, and other markets made up the remaining share.

The headline story for many homebuyers, though, is geography. SOBHA expanded its real estate footprint into two entirely new cities during the year — Greater Noida and Mumbai — taking its operating presence to 13 cities. In Greater Noida, the company introduced SOBHA Aurum in Sector 36 and SOBHA Rivana in Sector 1, both positioned as large-format gated communities benefitting from upcoming Aqua Line metro extensions and the proposed RRTS corridor. In Mumbai, SOBHA made its much-awaited debut with SOBHA Inizio, a 64-storey, 310-unit tower in Parel along the Eastern Waterfront, developed in partnership with Landmark Developers. Announcing the launch, Nisanth MN, Deputy Managing Director of SOBHA Limited, called the Mumbai entry "a defining moment for us at SOBHA... a city shaped by global perspectives, refined taste and a deep appreciation for well-crafted homes."

On the financial side, the numbers point to a company that has genuinely reset its balance sheet. SOBHA turned net cash positive at ₹800 crore during the year, backed by ₹1,802 crore in cash against gross debt of ₹1,002 crore. Annual collections grew 26.1% to ₹7,798 crore, and net operating cash flow expanded 39.4% to ₹1,637 crore. Standalone profit after tax surged over 168% for the year, while consolidated revenue grew nearly 29%. The board recommended a dividend of ₹6 per equity share for FY26 — a signal of confidence from a company that has historically prioritised reinvestment over payouts.

Management isn't slowing down. On the back of an unrecognised revenue pipeline worth roughly ₹18,600 crore, SOBHA has guided for at least 30% sales growth again in FY27, with a launch pipeline of over 20 million square feet across Bangalore, NCR, Hyderabad, Thrissur, and Pune. Early signs support that confidence: Q1 FY27 already produced the company's highest-ever quarterly sales of ₹3,656 crore, up 76% year-on-year, on the back of strong bookings for SOBHA One World in Hoskote and SOBHA Crescent in Gurgaon.

For homebuyers, this update matters on two counts. First, SOBHA's improved cash position and consistent completion track record — it delivered 5.40 million square feet comprising 3,188 homes in FY26 alone — add to the reliability case for anyone evaluating an under-construction SOBHA project. Second, the Mumbai and Greater Noida entries open up two entirely new markets where SOBHA's backward-integrated, in-house construction model is now available for the first time, giving buyers in these cities access to a build quality and delivery discipline the brand has built its reputation on in Bangalore over three decades.