New Delhi, Oct. 6 -- Realty developer Sobha Ltd closed the first half of FY26 (H1FY26) on a strong note, sustaining the pre-sales momentum seen in the June quarter (Q1FY26). Pre-sales, or bookings, in Q2 rose 61.4% year-on-year to Rs.1,903 crore, taking the H1FY26 total to Rs.3,981.4 crore against the FY26 target of Rs.8,000-8,500 crore. This marks Sobha's best-ever H1 pre-sales.

Strong absorption (sales) in the existing Sobha Town Park project in Bengaluru largely drove Q2 pre-sales. Sobha also launched a boutique luxury villa project in north Bengaluru, though there were no major new launches last quarter.

"The planned launch of Sobha Magnus (gross development value of ~ Rs.900 crore) in Q2 has slipped to Q3 due to approval-related is...