Sobha to Launch Rs. 22,000 Cr Projects Across 8 Cities by 2026

Sobha, one of India’s leading real estate developers, has announced plans to launch residential and commercial projects worth Rs. 22,000 crore over the next 18 months, expanding across major Indian cities including Bengaluru, Mumbai, Delhi-NCR, Pune, Chennai, Calicut, Thrissur, and Trivandrum.

According to its investor presentation, 13 residential projects covering 16 million sq ft and 2 commercial projects of 0.74 million sq ft will be launched, totaling 16.7 million sq ft of new development. The company continues its strong performance with a 61 percent YoY increase in Q2 FY26 sales bookings, reaching Rs. 1,902.6 crore.

Key Highlights

• Sobha to launch Rs. 22,000 Cr worth of projects across 8 cities.
• Q2 net profit triples YoY to Rs. 72.52 crore on higher income.
• Record Rs. 3,981.4 Cr sales bookings in H1 FY26 with 2.25M sq ft completed.

For H1 FY26, Sobha achieved its highest-ever sales bookings of Rs. 3,981.4 crore, a 30% increase YoY. Additionally, consolidated net profit nearly tripled to Rs. 72.52 crore in Q2 FY26 from Rs. 26.08 crore a year earlier. Total income also surged to Rs. 1,469.3 crore, compared to Rs. 965.29 crore YoY.

Managing Director Jagadish Nangineni highlighted strong demand for luxury residential real estate, supported by favorable macroeconomic conditions and government policies. Sobha completed 2.25 million sq ft (1,185 homes) in H1 FY26.

Also Read: Sobha Q1 FY26 Profit Doubles to Rs. 13.6 Cr on Record Sales

With a robust pipeline, stable demand, and strong balance sheet, Sobha aims to further solidify its leadership in the Indian real estate market.