Sobha Ltd., a prominent real estate firm in Bangalore, reported a 32% YoY decline in pre-sales for Q2FY25, with total sales volume down 45% YoY, despite a 56% increase in average realization. The company anticipates recognizing Rs. 14,500 crore in revenue over the next 4-5 years, with a target price of Rs. 1,802, as it prepares to launch ~5.5msf in the latter half of the fiscal year.