3 Real Estate Stocks to Watch After Q1 Business Updates
The Indian real estate sector, projected to grow to $5.8 trillion by 2047, has seen significant movements in stock prices after Q1 FY26 business updates. Here’s a look at three key players: Lodha Developers, Phoenix Mills, and Sobha Limited.
Real EstateStock MarketBusiness UpdatesQ1 Fy26Indian EconomyReal Estate PuneJul 08, 2025
Before companies start reporting official financial results for Q1 FY26, they release business updates to offer a glimpse into how things are going—covering everything from performance highlights to future growth expectations.
Here’s a look at three real estate stocks that have witnessed fluctuations in share prices after reporting Q1 FY26 business updates:
Lodha Developers Limited
With a market cap of Rs. 1.35 lakh crores, the stock moved down by nearly 2 percent on BSE, rising to Rs. 1,353 on Tuesday. In Q1 FY26, the company reported pre-sales of Rs. 4,450 crore, marking a 10 percent year-on-year increase. This was despite the impact of geopolitical tensions in the first half of the quarter, which resulted in a loss of activity for around two weeks. The company expects to offset this impact in the remaining quarters of the financial year.
Lodha added that its launch pipeline has strengthened due to business development activity during the quarter and maintained its guidance of Rs. 21,000 crore in pre-sales for FY26. Collections for the quarter stood at Rs. 2,880 crore, up 7 percent year-on-year and broadly in line with the business plan. The company expects higher collections in the second half of the year.
In terms of new projects, five developments were added in MMR, Pune, and Bengaluru, with a total gross development value (GDV) of Rs. 22,700 crore. This represents over 90 percent of the company’s full-year GDV guidance of Rs. 25,000 crore. Net debt at the end of the quarter stood at Rs. 5,080 crore, staying within the company’s target of keeping net debt-to-equity below 0.5x.
Phoenix Mills Limited
With a market cap of Rs. 55,995.3 crores, the stock moved up by nearly 2 percent on BSE, rising to Rs. 1,576.1 on Tuesday. In Q1 FY26, retail sales across all of the company’s operational malls grew 12 percent YoY, indicating healthy consumer demand and consistent performance across its retail portfolio.
Trading occupancy during the quarter was at 89 percent, slightly down from 91 percent in Q4 FY25. The dip was mainly due to planned, temporary vacancies related to ongoing upgrades. In the commercial office segment, the company leased around 4.07 lakh square feet across its properties in Mumbai, Pune, Bengaluru, and Chennai during the quarter. Occupancy levels in the operational assets in Mumbai and Vimannagar (Pune) increased slightly to 69 percent in June 2025, compared to 67 percent in March 2025.
In the residential segment, Phoenix Mills reported gross sales of nearly Rs. 168 crore in Q1 FY26, up significantly from Rs. 50 crore in the same quarter last year. Collections also improved to around Rs. 99 crore, compared to Rs. 60 crore in Q1 FY25.
Sobha Limited
With a market cap of Rs. 15,850.4 crores, the stock moved up by nearly 2.3 percent on BSE, rising to Rs. 1,550 on Tuesday. SOBHA reported its highest-ever quarterly real estate sales, reaching Rs. 2,079 crore in Q1 FY26—crossing the Rs. 2,000 crore mark for the first time. Sobha’s share in this sales value stood at Rs. 1,717 crore. A key contributor to this performance was the launch of SOBHA Aurum in Greater Noida, which received strong demand during its launch week, reflecting the appeal of its location and project positioning.
During the quarter, Sobha sold 1.44 million square feet of space across its operational markets, with an average realisation of Rs. 14,395 per square foot, supporting the overall sales value.
Frequently Asked Questions
What is the projected growth of the Indian real estate sector by 2047?
The Indian real estate sector is projected to grow to $5.8 trillion by 2047, boosting its share in the country’s GDP from 7.3 percent to 15.5 percent.
What was the performance of Lodha Developers Limited in Q1 FY26?
Lodha Developers reported pre-sales of Rs. 4,450 crore in Q1 FY26, marking a 10 percent year-on-year increase. The company also added five new projects with a total GDV of Rs. 22,700 crore.
How did Phoenix Mills Limited perform in Q1 FY26?
Phoenix Mills saw a 12 percent YoY growth in retail sales across its operational malls. The company also reported gross sales of nearly Rs. 168 crore in the residential segment, up significantly from Rs. 50 crore in the same quarter last year.
What were Sobha Limited’s sales achievements in Q1 FY26?
Sobha Limited reported its highest-ever quarterly real estate sales, reaching Rs. 2,079 crore in Q1 FY26, with a significant contribution from the launch of SOBHA Aurum in Greater Noida.
What is the expected impact of geopolitical tensions on real estate companies?
Geopolitical tensions can temporarily impact business activities, as seen with Lodha Developers, which lost activity for around two weeks in the first half of the quarter. However, companies like Lodha expect to offset these impacts in the remaining quarters of the financial year.
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