Sobha Reports 17.8% Growth in Q3 FY25 Sales Value—Highlights From Operational Update

Sobha Limited has announced its operational performance for the quarter ending December 31, 2024, reporting a 17.8% growth in sales value compared to the previous quarter. The real estate major achieved sales worth ₹13.88 billion with a new sales area of 1.01 million square feet (sft) at an average price of ₹13,663 per sft.

Growth Drivers and Regional Performance

Bangalore Leads the Growth

Bangalore continued to dominate Sobha’s sales, contributing 72.1% of the total sales value. The city recorded sales worth ₹10.01 billion with 722,886 sft sold, reflecting a robust 64.5% increase compared to the previous quarter. The launch of Sobha Ayana, which accounted for more than half of the sales value in Bangalore, played a pivotal role in this growth.

Performance in Other Regions

• Gurgaon contributed 10.3% of total sales, showing signs of improvement from the previous quarter.
• Pune saw increased traction as one of its key projects, Sobha Nesara, neared completion, boosting customer confidence.
• Tamil Nadu posted an impressive 79.4% growth in sales value during the first nine months of FY25, supported by new launches.
• Kerala and Hyderabad maintained steady performances despite existing inventory levels.

Key Highlights and Price Realisation

• Sobha’s share in total sales value rose to a record-high 90% in Q3 FY25, largely attributed to the Sobha Neopolis and Sobha Ayana projects.
• For the first nine months of FY25, Sobha sold 3.12 million sft with a sales value of ₹44.41 billion, reflecting a 31.3% increase in average price realisation year-on-year to ₹14,226 per sft.

New Launches Boost Growth

A notable launch during the quarter was Sobha Ayana in Bangalore.

• Total saleable area: 1.13 million sft
• Comprising 12 wings and 683 apartments with 3-bedroom configurations.
• Apartment sizes range between 1,553 sft to 1,789 sft.
• Located in the high-demand area of Panathur Main Road, near Marathahalli-Outer Ring Road, known for its dense office spaces.

The strategic location has helped fuel demand, further cementing Sobha’s presence in the region.

Share Price Performance 

As of 9:34 AM on January 8, 2025, Sobha Limited’s share price is down by 2.69%, reflecting broader market movements rather than operational performance.

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