New Delhi, Oct. 9 -- The first half of FY26 was modest for realty company Lodha Developers Ltd, with pre-sales or bookings up 8% year-on-year to Rs.9,020 crore. Limited launches resulted in pre-sales rising 7% year-on-year to Rs.4,570 crore in the September quarter (Q2 FY26).

A high base from last year, due to one-off land sales and seasonally weak demand during the monsoon and "shradh" (inauspicious period for Hindus), also played spoilsport, according to a Nomura Global Markets Research report dated 7 October. While Q2FY26 pre-sales were in line with some analysts' estimates, the rate of growth was lower than its full-year guidance of a 20% year-on-year increase.

Lodha has retained its FY26 pre-sales target of Rs.21,000 crore and has ...