Sobha plans ₹687 crore apartment project in Hyderabad's Kismatpur

Sobha Limited is proposing a residential apartment project with a clubhouse at Kismatpur, Ranga Reddy district, Hyderabad. A project listing dated 28 October 2026 gives an estimated value of ₹687 crore. The listing names Sobha Limited along with other parties it does not identify. The project is at the conceptual planning stage.

What is proposed

The site is Survey No. 160, Kismatpur Village, Gandipet Mandal. Marketing pages use the names Sobha Kismatpur and Sobha Amara for what appears to be the same scheme. They describe 3 and 4 BHK homes on about 5.21 acres, in two residential towers with 816 homes in total. These details come from marketing material, not from an official filing, and no official document has tied them to the listed proposal.

Some pages put the built-up area at about 27 lakh sq ft and apartment sizes at 1,550 to 3,000 sq ft. The pages say these figures are indicative. Prices are listed as available on request. No official price list has been found.

The status of the project is unclear. One listing says RERA approval is under process. Another says no RERA registration number has been publicly announced as of May 2026. A third says no registration number is in the public domain. Most marketing pages give possession as 2029; one gives December 2030. No launch date has been found, and no statement from the company on this project has been found.

Location and access

Kismatpur sits next to Rajendranagar and is linked to the Outer Ring Road at Appa Junction. It is also reached by NH-163, the Chevella Road. Rajiv Gandhi International Airport is about 20 km away. Budvel railway station, about 7 km away, is the nearest suburban rail link.

Kismatpur does not have direct metro connectivity at present. The nearest stations on the blue line, Jubilee Hills Check Post and Pedamma Temple, are within 17 km. The Government of Telangana has proposed a metro corridor of about 415 km, of which 156 km would run along the Outer Ring Road. No date has been given for that corridor, and no dated timeline for other infrastructure in the area has been found.

Locality guides put average prices in Kismatpur at around ₹7,000 to ₹7,350 per sq ft. These figures have not been checked against registration data.

The developer's position

Sobha Limited is listed on the NSE as SOBHA and on the BSE as 532784. Its Q2 FY27 results were presented on 19 October 2026. The company reported first-half sales value of ₹5,862 crore, and its exchange filing of 2 October 2026 put first-half sales up 47.2% year on year. Q2 sales value was ₹2,206 crore, up 16%.

Consolidated net profit for Q2 fell 54.6% to ₹32.95 crore. The company completed 720 units totalling 1.49 million sq ft in the quarter. It spent ₹620 crore on land during the quarter and reported net cash of ₹320 crore at the end of the quarter.

Sobha Waterfront in Somajiguda is its first residential project in Hyderabad. Kismatpur would be the second. Motilal Oswal refers to a substantial launch pipeline for the second half of FY27, but no date has been given for this project.

What buyers should check

Buyers should confirm the RERA status of the project on the Telangana RERA portal before booking or paying any amount. A marketing page warns that without RERA registration, buyers do not have RERA-backed legal protection. The number to watch is the unit count and the price per sq ft that appear in the RERA filing, once one is made.