Project Proposal
Sobha Plans Rs 687 Crore Apartment Project in Kismatpur, Ranga Reddy
Sobha Limited and other, unnamed parties have proposed a residential apartment project with a clubhouse at Survey No. 160, Kismatpur Village, Ranga Reddy district, Telangana. A trade report dated 28 October 2026 gives an estimated value of Rs 687 crore and places the project at the conceptual planning stage.
| Proposed by | Sobha Limited and other parties (not named in the report) |
|---|---|
| Location | Survey No. 160, Kismatpur Village, Gandipet Mandal, Ranga Reddy district, Telangana |
| Estimated value | Rs 687 crore, per a trade report dated 28 October 2026 |
| Stage (as of 1 November 2026) | Conceptual and planning stage per the trade report; no launch or bookings reported |
| Scope | Residential apartment project with a clubhouse |
| Land | About 5.21 acres, per marketing pages |
| Possession | Expected 2029 per most marketing pages |
| RERA registration | No registration number has been publicly announced |
What has been reported
A trade publication reported on 28 October 2026 that Sobha Limited and other parties plan a residential apartment project with a clubhouse at Survey No. 160 in Kismatpur Village, Gandipet Mandal, Ranga Reddy district. The report gives an estimated value of Rs 687 crore.
The report describes the project as a planning-stage lead. It does not describe a launch, a RERA grant, or the opening of bookings. The other proposers are not named.
Sobha has not issued a public statement or filing about this specific Kismatpur project, and no official quotes on it have been published.
Project details in marketing material
Several marketing pages use the names Sobha Kismatpur and Sobha Amara for what appears to be the same site. They describe the following details. None of these figures has been confirmed by an official Sobha document.
- Land of about 5.21 acres.
- Two residential towers, with a total of about 816 homes.
- Configurations of 3 and 4 BHK, with one page also listing 2 BHK.
- A built-up area of about 27 lakh sq ft on some sites, which one marketing page describes as indicative only.
- A clubhouse, described on one page as a G+5 structure.
Pricing is listed as available on request. No official price list has been published. One listing shows Rs 2.5 crore for a 1,200 sq ft unit, but it conflicts with the other data and is not relied on here.
The same trade report places the site in Telangana, while one listing places it in Karnataka. The Telangana address is the one used in this article.
Developer context
Sobha Limited is listed on the NSE as SOBHA and on the BSE as 532784. It was founded in 1995. Its first Hyderabad residential project is Sobha Waterfront in Somajiguda. Kismatpur would be its second in the city, if the proposal proceeds.
For the quarter ended September 2026 (Q2 FY27), results were presented on 19 October 2026:
- Record first-half sales value of Rs 5,862 crore, up 47.2% year on year.
- Q2 sales value of Rs 2,206 crore, up 16%.
- 720 units completed, totalling 1.49 million sq ft.
- Land investment of Rs 620 crore during the quarter.
- Net cash of Rs 320 crore at the end of the quarter.
- Consolidated net profit down 54.6% to Rs 32.95 crore.
The sharp fall in profit sits alongside strong sales growth. The company has not linked the two in any public statement on Kismatpur.
Location and access
Kismatpur is linked to the Outer Ring Road at Appa Junction and to NH-163 (Chevella Road), near Rajendranagar. 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 currently have direct metro connectivity. The nearest metro stations are Jubilee Hills Check Post and Pedamma Temple on the Blue Line, within about 17 km. The Government of Telangana has proposed a metro network of about 415 km, including 156 km along the Outer Ring Road. That proposal is at the proposal stage.
Locality guides place average prices in the area at around Rs 7,000 to Rs 7,350 per sq ft. These figures have not been checked against registration data.
What it means for buyers and investors
- Buyers: The project has no RERA registration number that has been publicly announced. Buyers should check the current status directly with the Telangana RERA authority (rera.telangana.gov.in) before booking or paying anything.
- Buyers: The project is at the proposal stage, so the layout, price, specifications and possession date may still change.
- Investors: The proposal adds a branded project to the Outer Ring Road corridor in west Hyderabad. Marketing material presents this as a long-term opportunity. The figures behind that view are not yet independently confirmed.
- Local market: A project of this scale would be new to the immediate area, according to a Sobha-linked guide. The same guide describes the project as a signal of growth, though that is a promotional view.
What happens next
The next formal steps are a RERA registration filing, a launch announcement and the opening of bookings. None of these has been reported as of 1 November 2026, and no dates have been given.
Marketing pages expect possession in 2029, with one page giving December 2030. Neither date has been confirmed by Sobha.
In its Q2 FY27 commentary, brokerage Motilal Oswal referred to a substantial launch pipeline for the second half of FY27. It did not name Kismatpur.
Frequently asked questions
Is the Sobha Kismatpur project launched?
No. As of 1 November 2026, the project is at the conceptual and planning stage according to a trade report dated 28 October 2026. No launch, RERA grant or opening of bookings has been reported.
How much will the Kismatpur project cost?
The Rs 687 crore figure is the estimated value of the proposed project in a trade report. Marketing pages say per-apartment prices are available on request, and no official price list has been published.
Does the Kismatpur project have a RERA registration?
No RERA registration number has been publicly announced for the project. Buyers should confirm the status directly with the Telangana RERA authority before booking or paying.
When will the Kismatpur apartments be ready?
Most marketing pages say possession is expected in 2029, and one says December 2030. Sobha has not confirmed either date.
Is Kismatpur connected to the metro?
Kismatpur does not currently have direct metro connectivity. The nearest stations are Jubilee Hills Check Post and Pedamma Temple on the Blue Line, within about 17 km. A metro network including 156 km along the Outer Ring Road has been proposed by the Government of Telangana.