Sobha sets decent base for FY27 with record Q1 bookings

Sobha reported record Q1FY27 pre-sales of ₹3,656 crore, up over 70% both sequentially and year-on-year, beating analyst expectations. The surge was driven by strong response to new launches including the ₹7,500 crore GDV Sobha OneWorld luxury project in Hoskote. Bengaluru clocked its strongest-ever quarterly sales of ₹2,067 crore, with average price realization rising 9% YoY to ₹15,655/sqft. The company targets 30% YoY pre-sales growth in FY27 on the back of a 20msf launch pipeline with a GDV of ₹26,300 crore over the next 6-8 quarters.