Mumbai, July 11 -- Given that there was no new launch planned in Q1 FY27, the company stated that the pre-sales were mainly supported by resilient sustenance sales, reflecting continued buyer interest and sustained homebuyer confidence in the company's projects.

"However, with general improvement in economic situation due to stability in geo-political situation, we expect pickup in sales in upcoming quarters," Rustomjee said in a statement.

The total area sold fell by 49% YoY to 0.32 million square feet during the period under review. Collections, however, improved by 8.53% to Rs 599 crore in Q1 FY27 over Q1 FY26.

Rustomjee further said that it has added two projects in Q1 FY27 with saleable area of 1.98 million square feet and estimat...