Updates

Sobha One World Phase 1 Foundation Works Scheduled to Begin August 2026 per Karnataka RERA

Following the June 2026 Grand Allotment Event, Sobha Limited has filed with Karnataka RERA that foundation works for Sobha One World Phase 1 towers W1 and W2 are scheduled to commence in August 2026, marking the first on-site construction activity at the 300-acre Hoskote township.

Sobha Limited Files Statement of Deviation in Utilization of ₹1,999.03 Crore Rights Issue Proceeds for Quarter Ended June 2026

Sobha Limited disclosed to BSE and NSE a deviation/variation in the utilization of the ₹1,999.03 crore raised via its 2024 Rights Issue, for the quarter ended June 30, 2026, as reviewed by its Audit Committee.

Sobha Limited Q1 FY27 Net Profit Surges 273% YoY to ₹50.85 Crore; Revenue Up 50%, EBITDA Margin Expands to 6.03%

Sobha Limited's Q1 FY27 (April-June 2026) consolidated financial results showed net profit more than tripling year-on-year to ₹50.85 crore, with revenue from operations up 50% and EBITDA margin expanding sharply from a low base.

Sobha Realty to Hand Over Record 6,819 Units in Dubai in 2026, Worth AED 21.6 Billion

Sobha Realty announced plans to hand over 6,819 residential units across Dubai in 2026, its largest annual delivery ever, with a combined sales value of about AED 21.6 billion.

Sobha Limited 31st AGM Agenda Includes ₹1,000 Crore NCD Fundraise Approval and MD Re-appointment

Sobha Limited's 31st AGM on July 18, 2026 carries a special resolution to authorise raising up to ₹1,000 crore through unsecured Non-Convertible Debentures on a private placement basis, alongside re-appointment of the Managing Director for a five-year term.

Sobha Limited Scheduled 31st AGM for July 18, 2026 – Final Dividend Vote

Sobha Limited has scheduled its 31st Annual General Meeting (AGM) for July 18, 2026, where shareholders will consider and vote on the final dividend recommendation for FY2026 (year ended March 31, 2026).

HDFC Securities Maintains BUY on Sobha Limited with ₹1,930 Target Price After Record Q1 FY27 Performance

HDFC Securities issued a fresh BUY rating on Sobha Limited with a ₹1,930 target price, citing the company's highest-ever quarterly sales of ₹36.5 billion in Q1 FY27, up 76% YoY.

Sobha Limited Posts Record Q1 FY27 Sales of ₹3,656 Crore – 76% YoY Growth; 6.89 Mn Sft Launched Across 3 Projects

Sobha Limited posted its highest-ever quarterly sales bookings of ₹3,656.1 crore in Q1 FY27, a 76% jump YoY, driven by strong demand for newly launched projects in Bengaluru and Gurgaon. During the quarter, the company launched 6.89 million sq ft across three projects including SOBHA OneWorld, Sacred Grove, and SOBHA Crescent.

Sobha Reports Highest-Ever Quarterly Pre-Sales of ₹2,080 Crore in Q1 FY27; Nuvama Maintains BUY with ₹1,784 Target

Sobha Limited reported its highest-ever quarterly pre-sales of ₹2,080 crore in Q1 FY27 (April–June 2026), surpassing prior quarterly records. Nuvama Institutional Equities maintained its Buy rating with a ₹1,784 target price following the update.

Sobha Realty Partners with National Bank of Umm Al Quwain (NBQ) for Off-Plan Home Financing Across UAE Developments

Sobha Realty and National Bank of Umm Al Quwain (NBQ) signed an MoU on July 1, 2026, to offer preferential mortgage and home financing solutions for buyers of Sobha's off-plan residential units across all UAE developments, including Sobha Siniya Island and Downtown UAQ.

Sobha Limited FY26 Annual Report Filed: 13 Cities, ₹18,020 Mn Net Cash, 168% PAT Surge, ESG Targets Disclosed

Sobha Limited's FY26 Annual Report confirms standalone PAT surged 168% to ₹3,013 mn, consolidated revenue grew 29% to ₹53,838 mn, and the company held ₹18,020 mn cash against ₹10,023 mn gross debt. The report also discloses ESG targets including a 10% Scope 1 & 2 GHG emission reduction by 2030.

SOBHA City Thrissur Becomes First Project in India to Receive Net Water Positive (Platinum) Rating

SOBHA City in Thrissur, Kerala received India's first-ever Net Water Positive (Platinum) Rating, as disclosed in Sobha Limited's FY26 Annual Report filed with BSE/NSE in June 2026. The certification underscores Sobha's water-sustainability credentials across its Kerala portfolio.

Sobha Limited Confirms ₹6 Dividend Record Date as July 10, 2026 – Payment Scheduled by August 17

Sobha Limited filed a BSE corporate action notice confirming July 10, 2026 as the record date for its ₹6 per share final dividend for FY26, with the dividend payable within 30 days of the AGM concluding on July 18, 2026 – putting the payment date on or before August 17, 2026.

Sobha Limited Files BRSR for FY 2025-26 – 80% Solar Energy, 4,468 Employees Disclosed

Sobha Limited submitted its Business Responsibility and Sustainability Report (BRSR) for FY 2025-26 to BSE and NSE, disclosing key ESG metrics including 80% solar-sourced electricity for offices, a total workforce of 4,468 employees and 25,470 workers, and an independently verified sustainability assessment.

Emkay Global Reiterates BUY on Sobha with ₹1,900 Target – Forecasts >₹25 Bn Q1 FY27 Pre-Sales from Recent Mega Launches

Emkay Global Financial Services reiterated a BUY rating on Sobha Limited with a target price of ₹1,900, citing strong demand responses to Sobha One World (Hoskote) and Sobha Crescent (Gurugram) and forecasting aggregate pre-sales of over ₹25 billion from these two projects in Q1 FY27 alone.

Sobha Realty Signals Further US Expansion Into Austin, Houston and Additional Dallas-Fort Worth Submarkets

Beyond its debut Celina and Frisco projects, Sobha Realty says it is scouting new US developments in Austin and Houston as early as next year, while flagging Southlake, Westlake and Flower Mound as potential future Dallas-Fort Worth submarkets.

Sobha Realty Launches First US Home Communities – Creek Park & The Reserve in Celina, Texas

Sobha Realty is rolling out its first on-ground US residential projects in Celina, Texas: Creek Park (330 homes) and The Reserve (34 estate homes), with groundbreaking planned ahead of its 100-acre Frisco site. The developer also signals future expansion into Austin and Houston.

Sobha One World Launched in Bangalore – 3,484 Ultra-Luxury Units

Sobha One World Launch Date is 13 June 2026, with 1 to 4 BHK luxury apartments in Hoskote from Rs. 1.09 Crores. The launched One Residences was registered with Karnataka RERA on 08 May 2026 as 6 separate sub-phases.

Sobha Realty Discloses 3-Year Revenue Backlog and 4.5-Year Land Bank Amid Regional Expansion

At a media briefing reported by Zawya in early June 2026, Sobha Realty Managing Director Francis Alfred disclosed that the company holds nearly three years of revenue backlog and sufficient land bank for approximately four-and-a-half years of future development, underscoring financial resilience despite regional market volatility.

Sobha City Abu Dhabi Construction Commences – Q2 2026 Enabling Works Begin

Sobha Realty confirmed that construction on Sobha City Abu Dhabi has commenced in Q2 2026, with enabling works now underway. The first phase — covering approximately one-third of the project's 7,000 residential units — is targeted for completion by Q4 2029.

Sobha One Dubai Confirmed for Q4 2026 Handover at 78% Construction Completion

Sobha One, the five-tower flagship development in Mohammed Bin Rashid City, Dubai, has reached 78.51% overall construction completion as of Q1 2026 and remains on track for delivery in Q4 2026. The project was financed through Sobha Realty's $750 million Green Sukuk issued in 2025.

Sobha Sanctuary Dubai Enabling Works Commence – Construction Underway on Dh50 Bn Master Community

Sobha Realty confirmed that construction enabling works have commenced at Sobha Sanctuary, its largest-ever master-planned development in Dubai spanning 37.5 million sq ft with a Dh50 billion project value. The first residential handovers are targeted from Q3 2029.

Sobha Limited Issues Statutory IEPF Notice – FY18-19 Unclaimed Dividends and Shares to Transfer by October 2026

Sobha Limited published a newspaper advertisement on June 2, 2026, notifying shareholders that unclaimed FY2018-19 dividends and associated equity shares will be transferred to the Investor Education and Protection Fund (IEPF) in October 2026, per Section 124(6) of the Companies Act 2013.

Sobha Sentosa Phase 1 Handover Begins – June 2026 Possession for Panathur Singapore-Themed Project

Sobha Sentosa's Phase 1 (Wings 1 and 2, RERA no. 004796) entered possession in June 2026, marking the first handover milestone for the 533-unit Singapore-themed project in Panathur, East Bangalore.

Sobha Realty Masters 16 UAE Projects – Strong Portfolio Expansion 2026

The company's expansion momentum continued into 2026 with the launch of Sobha Sanctuary in Dubai and Sobha City in Abu Dhabi, bringing Sobha Realty's total UAE master developments to 16.

Geojit Financial Services Maintains 'Accumulate' on Sobha Limited with ₹1,583 Target – ₹18,600 Crore Unrecognised Revenue Backlog Highlighted

Geojit Financial Services maintained its 'Accumulate' rating on Sobha Limited with a revised target price of ₹1,583, citing approximately 15% upside from the then-prevailing market price of ₹1,382. The brokerage spotlighted a ₹18,600 crore unrecognised revenue backlog as a key earnings-visibility driver.

Sobha Group University Partnerships – 10 Global Institutions MoU

Sobha Group has entered strategic memorandums of understanding (MoU) with 10 leading global and regional universities, reinforcing its long-term commitment to building future-ready leadership talent and strengthening its position as a people-first organization.

Sobha World City Hoskote – May 2026 Launch Approaching

As of April 2026, the Sobha Hoskote project status is in the pre-launch phase with the official public launch set for May 20, 2026.

Sobha Realty Partners with Keeta Drone for Air Delivery Services

Sobha Realty announced the signing of a Memorandum of Understanding (MOU) with Keeta Drone, the pioneering green air delivery company, to introduce next-generation air delivery ecosystems across its integrated communities, with Sobha Realty becoming Keeta Drone's first official Smart Community partner in the UAE.

Sobha Group Marks 50th Anniversary Milestone Alongside Sobha Sanctuary Launch

Sobha Group celebrated its 50th anniversary in May 2026, coinciding with the announcement of Sobha Sanctuary — its largest-ever Dubai master development. The milestone underscores the group's five-decade journey from an interior decoration firm in Oman to a global real estate developer.

Sobha One World RERA Registration Approved – 6 Phases Registered

Sobha One World at Hoskote received full RERA clearance from Karnataka authority across six phases on May 8, 2026.

ICICI Securities Upgrades Sobha Limited to BUY with ₹1,669 Target – 15% Upside on FY26 Recovery and 10 Msf FY27 Launch Pipeline

ICICI Securities upgraded Sobha Limited to a BUY rating with a revised target price of ₹1,669, implying approximately 15% upside. The upgrade is backed by Sobha's robust FY26 performance – 30% YoY growth in sales bookings to ₹81.4 billion – and a strong FY27 launch pipeline of nearly 10 million sq ft.

Motilal Oswal Reiterates 'Buy' on Sobha Limited with ₹1,720 Target Price, Citing Bengaluru Land Push

Brokerage Motilal Oswal reiterated its 'Buy' rating on Sobha Limited with a ₹1,720 price target, implying a 19% upside, as the company ramped up land acquisition in Bengaluru.

Sobha FY26 Land Acquisition: ₹11.5-11.6 Billion Invested, 10 Msf Target

Sobha significantly boosted land acquisition in FY26, spending ₹11.5-11.6 billion and acquiring approximately 10 million square feet. The company plans similar investment levels in FY27 to maintain its aggressive expansion pipeline.

Sobha Limited FY27 Guidance: ~10 Msf New Launches, 30% Sales Growth, ₹2,000 Cr Net OCF Targeted

During the Q4 FY26 post-results management concall, Sobha Limited outlined FY27 guidance targeting approximately 10 million sq ft of new project launches across Bangalore, Gurgaon, Hyderabad, Thrissur, and Pune, with ~30% sales growth, EBITDA margins above 30%, and land acquisition spend of ₹1,100–1,200 crore.

Sobha Q4 FY26: Full Year Sales ₹81.36 Bn, Strong Operational Performance

Sobha hosted its Q4 FY26 earnings call on May 5, 2026, discussing record annual sales, strong cashflow, and expanded project pipeline with management insights.

Sobha Q4 FY26 Results: Net Profit ₹91.84 Cr, Revenue ₹1,987.84 Cr

Sobha Limited reported Q4 FY26 net profit of ₹91.84 crore with 124.77% YoY growth. Revenue from operations reached ₹1,987.84 crore. The company demonstrated strong quarterly performance and 495.2% growth in net profits on a sequential basis.

Sobha FY26 PAT Doubles to ₹193.40 Cr; Sales Value Reaches ₹81.36 Bn

Sobha Ltd's profit doubled to ₹193.40 crore in FY26 from ₹94.68 crore in FY25. Developer reported sales value growth of 30 per cent YoY to Rs 8,135 crore in FY26, up from Rs 6,276 crore in FY25.

Sobha Q4 FY26 Results: Net Profit Surges 104% YoY to ₹1.93 Bn

Full-year PAT surged 104% to ₹1.93 Bn from ₹0.95 Bn in FY25, with record real estate sales of ₹81.36 Bn and a net-debt negative balance sheet.

Sobha Limited FY26 Net Debt Turns Negative – Company Holds ₹800 Crore Net Cash Position

Sobha Limited's FY26 annual results revealed the company's net debt turned negative at approximately ₹800 crore, meaning the developer now holds more cash than debt — a significant balance sheet milestone coinciding with record FY26 sales of ₹8,136 crore and net profit doubling to ₹193 crore.

Sobha Limited Confirms Non-Applicability of Large Corporate Status Under SEBI Framework – April 2026

Sobha Limited disclosed to BSE and NSE on April 13, 2026 that it does not qualify as a Large Corporate under SEBI's debt securities framework, reporting outstanding borrowings of ₹9,685.48 million as of March 31, 2026 and maintaining an AA- credit rating from India Ratings & Research.

Sobha Launched Two UAE Master Developments in 2026

Sobha Realty launched Sobha Sanctuary in Dubai (January 2026) and Sobha City in Abu Dhabi (April 2026), bringing the company's UAE portfolio to 16 master-planned communities.

Sobha City Abu Dhabi Launch – ₹10.8 Bn Waterfront Community

Sobha Realty announced foray into the Abu Dhabi real estate market with the launch of a Dh40-billion nature-led waterfront community located in Al Bahia, close to Abu Dhabi's Zayed International Airport, featuring 4,000 apartments and 2,500 villas.

Sobha Realty Partners with Greg Norman Golf Course Design for Sobha City Abu Dhabi

Sobha Realty has engaged Greg Norman Golf Course Design to design an executive Par-3 golf course as part of the Sobha City Abu Dhabi masterplan, integrating it alongside schools, healthcare, and retail within the 38-million-sq-ft Al Bahiya community.

Sobha Realty Partners with Emirates NBD for Home Financing

Emirates NBD and Sobha Realty announced strategic partnership to offer integrated home financing solutions for off-plan residential developments across Dubai.

Sobha Limited Promoters Confirm Zero Share Encumbrance for FY26 – SEBI Regulation 31(4) Filing

Sobha Limited filed a disclosure with Indian stock exchanges on April 6, 2026, confirming that its promoters and promoter group (holding a 52.88% stake) did not encumber any shares during the full financial year ended March 31, 2026.

Sobha FY26 Annual Sales Hit Record ₹81.36 Billion

Sobha Limited concluded FY26 with record annual sales of ₹81.36 billion, marking 30% growth year-on-year and demonstrating strong momentum across key regions.

Sobha Crescent Sector 63A Gurgaon RERA Registration Approved

The RERA number of the project is RC/REP/HARERA/GGM/1054/786/2026/26 dated 03.04.2026. The development spans 11.99 acres (48,521.8 sq m), with Phase 1 on 4.96 acres (20,072.4 sq m).

Sobha Crescent Gurgaon Launched – RERA Registration April 2026

RERA number RC/REP/HARERA/GGM/1054/786/2026/26 dated 03.04.2026. 356 units in 2 towers offering 2 BHK, 3 BHK and 4 BHK ultra-luxury residences launched April 2026.

Sobha Crescent Phase 1 Sector 106 Gurgaon – Strong 50% Sales

Sobha Crescent Phase 1 in Sector 106, Gurgaon achieved approximately 50% sales traction following its launch in April 2026.

Sobha Limited Expansion: Two New Cities in FY26 (Greater Noida & Mumbai)

During FY 2026, Sobha expanded its real estate footprint into two new cities: Greater Noida and Mumbai, successfully launching 6.01 million sft of saleable area across 9 projects in 6 cities.

Sobha Rivana Launched in Greater Noida – Q4 FY26 Launch

Sobha Rivana was launched in Greater Noida towards the end of March 2026 as part of Q4 FY26 launches.

Sobha Altair Launched in East Bangalore – Q4 FY26 Project

Sobha Altair was launched in East Bangalore as one of the notable Q4 launches in FY26, contributing to record annual sales.

Sobha Realty's Crest Grande Receives Building Completion Certificate in Sobha Hartland, Dubai

Sobha Realty announced that its 985-unit Crest Grande tower in Sobha Hartland has received its Building Completion Certificate, with handovers to begin shortly within the RERA-committed timeline.

Sobha Sanctuary First Residential Apartment Phase Launched – 1 & 2-Bedroom Homes Unveiled

Sobha Realty officially launched the first apartment phase within the Sobha Sanctuary master community on 25 March 2026, offering 1- and 2-bedroom residences designed for long-term living. This is the first residential sales release within the AED 50 billion, 37.5 million sq ft Dubailand master development.

Sobha Rivana Greater Noida RERA Registration Approved

Sobha Rivana in Sector 1, Greater Noida received RERA registration on March 25, 2026.

Sobha World City Hoskote – 300-Acre Township Construction Begins

Sobha Hoskote (also known as Sobha World City Trinity) initiated piling and foundational work for its Phase 1 G+54 floor towers in March 2026, advancing toward official May 2026 launch.

Sobha Sacred Grove by the Lake Launched in Chikka Tirupathi – 388 Luxury Plots

Sobha Sacred Grove by the Lake officially launched in March 2026, offering 388 luxury plots in a 26.5-acre lakeside development in Chikka Tirupathi.

Sobha Scarlet – Ultra-Luxury Pre-Launch on Sarjapur Road, Bangalore Announced

Sobha Limited has announced Sobha Scarlet, a pre-launch ultra-luxury residential project on Sarjapur Road in East Bangalore, offering 3 & 4 BHK apartments across 3.37 acres. The project is awaiting RERA approval before formal launch.

Sobha Sacred Grove by the Lake RERA Approved in Hoskote

Sobha Sacred Grove by the Lake, a 26.5-acre luxury plotted development in Jadigenahalli, received RERA approval on February 10, 2026.

Sobha Realty Partners with Abu Dhabi Islamic Bank (ADIB)

Sobha Realty announced a strategic partnership with Abu Dhabi Islamic Bank (ADIB) to offer innovative home finance solutions for off-plan property buyers.

Sobha Sanctuary Dubai Launch – 37.5 Mn Sq Ft Master Community

Sobha Realty announced the launch of Sobha Sanctuary, a sprawling Dh50 billion, 37.5‑million‑sq‑ft development that underscores the emirate's continued appetite for large‑scale, amenity‑rich residential districts.

Sobha Realty Expands to US & Australia – Regional Offices & Land Acquisitions

Sobha Realty announced international expansion into United States and Australia with regional office setup and strategic land acquisitions in Texas, Queensland, and Sydney.

Sobha Realty FY2025: ₹30 Billion Sales, 30% YoY Growth Achieved

Sobha Realty announced its year-end sales figures for FY 2025 a total AED 30 billion, cementing the company's status as one of the most influential real estate developers in the Gulf. The 2025 sales figures represent an uptick of 30 per cent year-on-year.

Sobha Realty Acquires 100 Acres in Frisco, Texas for Residential Development

Dubai-based Sobha Realty has acquired 100 acres of land in Frisco, Texas from the Ratcliffe family for future residential development, marking its expansion into the US market.

Sobha Realty Launches 4 Masterplans in UAE – Brings Portfolio to 16 Projects

The company launched four masterplans: Sobha Solis, Downtown UAQ, Sobha Central and Sobha SkyParks, bringing its UAE portfolio to 14 developments comprising 12 in Dubai and two in Umm Al Quwain.

Sobha Realty 2025 Sales Reach ₹3,000 Crore – 30% YoY Growth

Sobha Realty's 2025 sales reached 30 billion UAE dirhams ($8.17 billion), a 30 percent year-on-year surge, supported by new masterplan developments and international expansion.

Sobha Reports 9M FY26 PAT Growth of 89% YoY to ₹102 Crore

Sobha achieved 89% YoY growth in profit after tax for the first nine months of FY26, reaching ₹102 crore, with collections at ₹5,809 crore.

Sobha Strada Launched in Gurgaon – New NCR Offering

Sobha launched Sobha Strada in Sector 106, Gurgaon as part of its Q3 FY26 new project launches.

Sobha Magnus Launched in Bangalore – ₹2.58 Mn Sft New Projects

Sobha launched Sobha Magnus in Bangalore along with new projects in multiple cities totaling 2.58 million sft during Q3 FY26.

Sobha Q3 FY26: Record ₹2,115 Cr Sales Despite Revenue Decline

Sobha reported net profit of ₹15.42 crore in Q3 FY26 (Dec quarter), down from ₹21.7 crore YoY. However, sales value hit an all-time high of ₹2,115 crore, up 52% YoY.

Sobha Inizio Launched in Mumbai – JV with Landmark Developers

Sobha entered the Mumbai market with Sobha Inizio, a luxury project in Parel developed as a joint venture with Landmark Developers on Jerbai Wadia Road.

Sobha Woods RERA Approved – Whispering Hill Trivandrum

Sobha Woods Whispering Hill in Akkulam, Trivandrum received RERA approval with registration number K-RERA/PRJ/TVM/001/2026, confirming the luxury residential project's legal compliance.

Sobha Woods Whispering Hill Launched in Trivandrum – 110 Premium Residences

Sobha Woods Whispering Hill launched in Trivandrum, the third project in the Sobha Whispering Hill series, spread across 2.51 acres with 110 homes comprising exclusive 3 & 4 bed residences.

Sobha One Dubai Awarded Green Mark SLE Certification 2025

In 2025, Sobha One Dubai was awarded the Green Mark Platinum Super Low Energy (SLE) certification by Singapore's Building and Construction Authority (BCA), making it the first building outside Singapore to receive this distinction.

Sobha Honoured as Real Estate Developer of Year – Residential 2025

Sobha Limited received recognition at Times Real Estate Conclave & Awards 2025 as the Real Estate Developer of the Year – Residential.

Sobha Aurum Sector 36 Greater Noida – RERA Registration Approved

Sobha Aurum in Sector 36, Greater Noida received RERA registration on June 17, 2025 with completion targeted for April 2030.

Sobha Acquires 2.11-Acre Land Parcel in Mumbai via Landmark Partnership

Sobha completed a corporate asset purchase with Landmark Developers for a 2.11-acre land parcel in Mumbai on January 23, 2025. This acquisition supports Sobha's expansion in the Mumbai real estate market.

Sobha Realty Issues $750 Million Green Sukuk to Finance Sobha One Dubai

Sobha Realty raised $750 million through a Green Sukuk in 2025 to finance the construction of Sobha One, its five-tower interconnected project in Dubai. This marks a significant capital markets transaction for the developer, reinforcing its financial strength.

Investec Initiates Coverage on Sobha Limited with BUY Rating and ₹2,150 Target Price – 41% Upside Cited

Investec initiated coverage on Sobha Limited with a Buy recommendation and a target price of ₹2,150 per share, indicating approximately 41% upside from the prevailing price of ₹1,516 at the time of initiation. Sobha shares rose over 3% on the day of the announcement.