Sobha shares in focus: Realty firm enters Mumbai housing market, launches 1st project comprising 310 flats

In a statement on Monday, as reported by PTI, the Bengaluru-based company said that it has launched its first project in Mumbai, 'SOBHA Inizio', spanning 1.038 acres.

The company would develop this project in partnership with the landowner. The prices range from ₹2.8 crore to ₹5.75 crore.

Sobha Ltd did not disclose the project cost and estimated revenue.

The company has so far delivered 148.02 million square feet of developable area across 27 Indian cities.

Sobha Ltd has achieved its highest-ever sales bookings during the first six months of this fiscal year at ₹3,981.4 crore, a growth of 30% year-on-year (YoY), the PTI report added.

Sobha Q2 FY26 Results

Sobha Ltd reported a nearly three-fold increase in its consolidated net profit to ₹72.52 crore in the second quarter of this fiscal year on better income.

Its net profit stood at ₹26.08 crore in the year-ago period.

Total income increased to ₹1,469.3 crore in the July-September period of this fiscal year from ₹965.29 crore in the corresponding period of the preceding year, according to a regulatory filing.

Recently, Sobha Ltd reported a 61% growth in its sales booking to ₹1,902.6 crore in the second quarter of this fiscal year from ₹1,178.5 crore logged in the year-ago period.

It sold 13.94 lakh square feet of area during the July-September period of this fiscal year at an average price realisation of ₹13,648 per square foot.

Bengaluru-based Sobha Ltd, one of the leading real estate firms in the country, had posted a net profit of ₹94.68 crore on a total income of ₹4,162.75 crore in the 2024-25 fiscal year. On the operational front, it sold properties worth ₹6,276.5 crore last fiscal.