Sobha Ltd reported a 29% year-on-year drop in Q3 FY25 sale bookings to ₹1,388 crore due to limited new launches and a high base effect. However, sales rose 17.8% sequentially. The average realization grew 31% YoY to ₹14,226 per sq ft, driven by price hikes and premium launches. The outlook remains strong, supported by urbanization and commercial space demand, though rising supply may temper medium-term growth.
