Sobha Ltd, one of India’s leading real estate developers, reported a stellar 61% year-on-year surge in sales bookings for the second quarter of FY2025, touching Rs. 1,902.6 crore. The company’s impressive performance was driven by resilient housing demand across major markets, led primarily by Bengaluru, which contributed nearly 70% of total sales. With a total saleable area of 13.94 lakh sq ft and an average realization of Rs. 13,648 per sq ft, Sobha continues to strengthen its market position amid India’s ongoing residential boom. The results underscore strong consumer sentiment and a revival in premium housing across urban centers.
Strong Sales Momentum Across Key Markets
Sobha Ltd’s Q2 FY2025 performance reaffirmed its status as one of India’s most resilient and customer-trusted real estate developers. The company’s total sales bookings rose sharply to Rs. 1,902.6 crore, compared to Rs. 1,178.5 crore in the same period last year — a remarkable 61% growth.
Bengaluru remained Sobha’s crown jewel, contributing 69% of the total quarterly bookings. The Delhi-NCR and Kerala markets followed with a steady performance, reflecting a healthy demand for mid- to high-income housing segments. The company sold 13.94 lakh sq ft of area during the quarter, indicating consistent absorption and conversion rates across projects.
Pricing Strength and Market Realizations
Sobha’s average price realization increased to Rs. 13,648 per sq ft in Q2 FY2025, reflecting both improved product mix and market confidence in the brand’s premium positioning. The increase in realizations was supported by a shift toward high-value projects in established micro-markets, especially in Bengaluru, Gurugram, and Thrissur.
The strong realization trend also points to sustained pricing power and robust customer sentiment, despite elevated interest rates. The company’s focus on quality construction, on-time delivery, and customer trust continues to translate into higher margins and repeat buyers — key differentiators in India’s competitive real estate space.
Demand Drivers and Sector Outlook
The quarter’s performance aligns with the broader industry trend of rising housing demand across India’s top urban markets. The combination of improved affordability, rising household incomes, and increased consumer preference for owned housing has reinvigorated the residential segment.
Sobha’s success also mirrors a wider recovery in the premium and luxury housing categories, particularly in metro cities where aspirational buyers are prioritizing space, amenities, and design. The company’s diversified portfolio, spanning multiple geographies and price points, has allowed it to capture this uptrend effectively.
Outlook: Sustained Growth and Execution Focus
Industry experts expect the real estate sector to maintain its current momentum through FY2025, driven by urban migration, infrastructure development, and a stable policy environment. Sobha, with its strong brand equity and disciplined execution, remains well positioned to capitalize on these opportunities.
The company’s strategy to expand cautiously while maintaining fiscal prudence and operational efficiency will likely strengthen its financial resilience. As housing continues to be a preferred asset class, Sobha’s consistent sales performance underscores its ability to balance scale, profitability, and customer satisfaction in a rapidly evolving market landscape.
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