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Q2 Real Estate Scoreboard: Who Has Reported, Who Is Next

  • by- Grihik
  • Oct 6, 2026
Sobha and Raymond Realty have posted Q2 sales. Lodha, Prestige and Godrej are still due. See actuals and brokerage estimates.
Q2 Real Estate Scoreboard: Who Has Reported, Who Is Next

The July-September earnings season for property developers has begun with two numbers on the board. The heavyweights are still to report, so here is where things stand.

Reported so far

  • Sobha: sales value of Rs 2,206.3 crore, up 16% from about Rs 1,903 crore

  • Raymond Realty: pre-sales of Rs 902 crore, up 98%

 

Still to report, with brokerage estimates

  • Lodha (Macrotech): about Rs 5,000-5,100 crore, which would be up around 11% (Nomura, PL Capital)

  • Prestige: Rs 6,500-7,000 crore, up 10-15% (PL Capital)

  • Godrej Properties: Rs 8,000-8,500 crore, roughly flat (PL Capital)

  • Brigade: about Rs 2,000 crore, flat (PL Capital)

These are estimates, not results.

The baseline from April-June

In Q1 Godrej booked Rs 8,651 crore, Prestige Rs 6,579 crore, Lodha Rs 4,630 crore and Sobha a record Rs 3,656 crore. Business Standard had reported that combined bookings of listed developers fell 21% in Q1 on fewer launches.

Why Q2 is usually quieter

An independent analysis found that across six large developers, Q2 pre-sales ran 28-29% below Q1 in each of the last two years. That is why year-on-year growth, not the quarter-on-quarter change, is the cleaner measure.

The real test is the second half

Six large developers guide to about Rs 1.38 lakh crore of FY27 pre-sales, 15% above FY26, and had delivered only around 18% of that after Q1. Festive-season launches will decide whether they get there.