Archive · 16 Jan 2026
Mixed Q3 Results for Indian Realty Majors
Two big real estate companies in India, Godrej Properties and Sobha Limited, recently shared their financial results for the third quarter of the fiscal year 2026.
Godrej Properties reported a 55% increase in sales compared to the same period last year, reaching Rs 8,421 crore.
They aim to sell properties worth Rs 32,500 crore for the entire year.
In contrast, Sobha Limited saw a 29% decrease in profit, earning ₹15.4 crore this quarter.
Despite this, Sobha sold more area this quarter, with a 35% increase in the new area sold.
Both companies are optimistic about the future, with Godrej focusing on quality and timely delivery, and Sobha planning to enter new markets like Mumbai and accelerate project completions.
Godrej Properties reported a 55% year-on-year growth in Q3 sales bookings, reaching Rs 8,421 crore.
Sobha Limited's Q3 profit after tax declined by 29% year-on-year to ₹15.4 crore due to Occupancy Certificate delays.
Sobha's real estate revenue for Q3 was ₹744.2 crore, down 30%, but new area sold increased by 35% to 1.37 million sq. ft.
Godrej Properties set a booking target of Rs 32,500 crore for the full fiscal year, with strong performance in Mumbai, NCR, Bengaluru, Pune, and Hyderabad.
Sobha Limited entered the Mumbai market with the launch of SOBHA Inizio, expanding its presence to 13 cities in India.
- Who
- Godrej Properties and Sobha Limited
- What
- Reported contrasting Q3 financial results
- When
- Third quarter of the fiscal year 2026
- Where
- Major metropolitan markets in India, including Mumbai, NCR, Bengaluru, Pune, and Hyderabad
- Why
- Godrej's growth attributed to strong demand and diversified portfolio; Sobha's decline due to Occupancy Certificate delays
- Godrej Q3 Sales Bookings
- Rs 8,421 crore
- Godrej Y-o-Y Growth in Q3
- 55%
- Godrej FY26 Booking Target
- Rs 32,500 crore
- Godrej FY26 Bookings (9 months)
- Rs 24,008 crore
- Godrej FY26 Collections (9 months)
- Rs 12,018 crore
- Godrej CY25 Residential Units Sold
- 16,428
- Godrej CY25 Saleable Area
- 27.26 million sq ft
- Godrej CY25 Booking Value
- Rs 34,171 crore
- Godrej CY25 Collections
- Rs 18,979 crore
- Sobha Q3 PAT
- ₹15.4 crore
- Sobha Q3 Y-o-Y PAT Decline
- 29%
- Sobha Q3 Real Estate Revenue
- ₹744.2 crore
- Sobha Q3 Y-o-Y Revenue Decline
- 30%
- Sobha Q3 New Area Sold
- 1.37 million sq. ft.
- Sobha Q3 Y-o-Y Area Sold Increase
- 35%
- Sobha Q3 Average Price Realisation
- ₹15,436 per sq. ft.
- Sobha FY26 9-Month Sales
- ₹6,097 crore
- Sobha Gross Debt
- ₹910 crore
- Sobha Net Debt
- Negative
- Sobha BSE Share Price (Jan 16, 2026)
- ₹1,527.30
