Q4 turns crucial for realty cos

Timely launches and customer response to new residential projects are critical to boost H2FY26 pre-sales.

- Harshajethmalani [e-mail]

The earnings performance of key listed real estate developers is expected to be mixed in Q3FY26, largely dependent on the pace of new project launches.

Sobha Ltd, for example, launched the luxury Sobha Magnus project in south Bengaluru, ventured into Mumbai with Sobha Inizio, and unveiled Sobha Strada in sector 106, Gurugram. This propelled its pre-sales to ₹2,115 crore in Q3, marking a 52% year-on-year jump and making this its best Q3 ever, with Bengaluru driving the bulk of the bookings. Sobha’s nine-month pre-sales hit record ₹6,097 crore, the company said in its Q3 update. Average realizations rose to ₹15,436 per sq. ft from ₹13,663 a year ago, reflecting strong demand in the Bengaluru market.