In terms of sales bookings, Godrej Properties during the July-September quarter recorded Rs. emerged as the largest listed player with pre-sales of Rs 5,198 crore.
India’s 26 major listed real estate companies during the September quarter have reported around Rs. 35,000 crore worth of properties sold with Godrej Properties registering the highest sales booking. According to data compiled from regulatory filings, 26 major listed realty companies in the second quarter of the current financial year posted Rs. 34,985 crore recorded combined sales bookings.
A major chunk of pre-sales (sales bookings) came from the residential segment.
In terms of sales bookings, Godrej Properties during the July-September quarter recorded Rs. emerged as the largest listed player with pre-sales of Rs 5,198 crore.
Mumbai-based Macrotech Developers Ltd, which sells properties under the Lodha brand, during the quarter under review posted Rs. 4,290 crore sales bookings were recorded.
Delhi-NCR-based Max Estates has invested Rs. 4,100 crore in properties sold, while Bengaluru-based Prestige Estate Projects Ltd. during the quarter sold Rs. 4,022.6 crore in sales was booked.
Delhi-NCR-based Signature Global in the September quarter posted Rs. 2,780 crore in sales bookings, driven by strong demand for its housing projects in Gurugram.
DLF Ltd, the country’s largest realty company by market capitalization, saw a sharp decline in sales bookings during the July-September period as it did not launch any new housing projects.
Among other major listed players, Bengaluru-based Brigade Enterprises Limited during the July-September period of this financial year raised Rs. 1,821 crore in sales bookings, while Mumbai-based Oberoi Realty booked Rs. 1,442.46 crore in pre-sales.
Mumbai-based Aditya Birla Real Estate has raised Rs. 1,412 crore properties were sold.
Bengaluru-based Purvankara Limited and Sobha Limited respectively invested Rs. 1,331 crore and Rs. 1,178.5 crore sales were booked.
Delhi-based TARC Limited also performed well and during the September quarter posted Rs. 1,012 crore in pre-sales.
There were many players who in the second quarter of this financial year made Rs. 500 crore to Rs. 1,000 crore in sales.
Pune-based Kolte-Patil Developers Limited has invested Rs. 770 crore properties, while Mumbai-based Keystone Realtors (Rustamji brand) sold Rs. 700 crore in pre-sales.
Delhi-based Asiana Housing Limited during the September quarter posted Rs. 673 crore in sales bookings while Bengaluru-based Sriram Properties booked Rs. 568 crore in pre-sales.
Mumbai-based companies Raymond Limited and Suntech Realty Limited have respectively invested Rs. 562 crore and Rs. 524 crore properties were sold.
Rs. Among the listed companies with less than 500 crore bookings, Ahmedabad-based Arvind Smartspace during the July-September period booked Rs. 464 crore properties were sold.
Mumbai-based Mahindra Lifespace Developers Limited has invested Rs. 397 crore sales booking was achieved.
Mumbai-based realtors Arihant Superstructures Ltd, Ajmera Realty and Infrastructure Ltd and Arcade Developers Ltd respectively invested Rs. 270.8 crore, Rs. 254 crore and Rs. A sales booking of 215 crores was recorded.
Suraj Estate Developers have invested Rs. 107 crore in properties, while Lucknow-based Aldeco Housing and Industries Ltd. sold Rs. 102.9 crore in pre-sales.
Mumbai-based Equinox India Development Ltd (formerly Indiabulls Real Estate Ltd) during the second quarter of this financial year only made Rs. 98 crore in pre-sales.
An inauspicious Shraddha period in the second quarter of 2024-25, monsoon rains and lack of regulatory approvals to start their projects have reduced sales bookings of many listed entities.
For example, DLF Ltd’s pre-sales fell to Rs. 692 crore which in the first quarter of the current financial year was Rs. 6,404 crores.
Sales booking data of many listed players was not available on stock exchanges. After the Covid pandemic, the residential real estate segment has revived strongly as the demand for home ownership is on the rise.
Housing prices have also increased significantly.
The housing market is witnessing a shift in consumer demand towards those realty companies and brands that have a better track record of executing real estate projects.
Real estate developers, which are not listed on stock exchanges, generally do not report their quarterly and annual sales bookings.
Branded and reputed players, including both listed and unlisted, have benefited the most in this revival cycle as homebuyers do not want to risk getting stuck in real estate projects after making payments.
Thousands of buyers of NCR-based builders such as Unitech and Jaypee Infratech are stuck and fighting legal cases before the real estate regulatory authority at the state-level, tribunals and courts.