Sobha vs Icon Infra Shelters
124 Bengaluru projects from Karnataka RERA filings, as of September 11, 2026.
Icon Infra Shelters has the better delivery record; Sobha's projects score higher on investment merit
From Karnataka RERA filings: Sobha 57% of registrations needed no extension with 35 of 70 under-construction projects past their original date and 224 promoter complaints; Icon Infra Shelters 60% of registrations needed no extension with 3 of 4 past date and 0 complaints. Median project score: Sobha 51, Icon Infra Shelters 41. Judge the specific project, not just the brand.
Side by side
| Measure | Sobha | Icon Infra Shelters |
|---|---|---|
| Projects analysed | 119 | 5 |
| On-time rate (no extension filed) | 57% | 60% |
| Under construction past original RERA date | 35 of 70 | 3 of 4 |
| Average months overdue (late projects) | 50 | 59 |
| Extensions filed | 52 | 3 |
| Promoter complaints at K-RERA | 224 | 0 |
| Red flags across projects | 96 | 6 |
| Projects with litigation declared | 31 | 0 |
| Median investment score | 51 | 41 |
| Best project score | 80 | 52 |
| Median projected growth / yr | 9.3% | 9.2% |
| Median cash-flow IRR | 7.0% | 6.3% |
| Median gross yield | 3.0% | 3.5% |
| Median price per sq ft | ₹11,300 | ₹6,000 |
| Ready · under construction | 49 · 70 | 1 · 4 |
| Localities active in | 18 | 3 |
Green marks the better value on each line. Karnataka RERA filings and K-RERA complaint register as of September 11, 2026.
Best-scored Sobha projects
Best-scored Icon Infra Shelters projects
Questions people ask
Sobha or Icon Infra Shelters: which is the more reliable builder?
From Karnataka RERA filings: Sobha 57% of registrations needed no extension with 35 of 70 under-construction projects past their original date and 224 promoter complaints; Icon Infra Shelters 60% of registrations needed no extension with 3 of 4 past date and 0 complaints. Median project score: Sobha 51, Icon Infra Shelters 41. Judge the specific project, not just the brand.
Scores and projections are model outputs built from dated public evidence (Karnataka RERA filings, promoter quarterly updates, complaint registers, public ratings) and stated assumptions. They are research, not investment advice. How the numbers are built.