Properties worth approximately Rs 35,000 crore were sold together by major listed real estate developers of the country during the April-June quarter of the financial year 2024-25. Godrej Properties reported highest sale bookings followed by DLF.
According to the data amassed from regulatory filings, India's 21 major listed realty firms have reported combined sale bookings of around Rs 34,927 crore in Q1 FY25 fiscal. Bulk of these sales bookings were reported from the residential segment.
The growth is sale bookings was mainly driven by strong consumer demand for the residential segment especially luxury housing. In Q1 FY25 all major listed real estate developers, barring a few, had shown annual growth in sale bookings.
In terms of sale bookings, Mumbai-based Godrej Properties witnessed pre-sales of Rs 8,637 crore in the April-June quarter while Delhi NCR-based DLF Ltd reported more than three-fold jump in its sale bookings at Rs 6,404 crore during the same period.
Bengaluru-based Prestige Estates Projects witnessed sale bookings of Rs 3,029.5 crore in June quarter, which were down from the corresponding period of the previous year. Bengaluru-based firms Sobha Ltd and Brigade Enterprises clocked sales worth Rs 1,874 crore and Rs 1,086 crore, respectively, during the April-June period of this fiscal.
Mumbai-based Macrotech Developers, which sells properties under 'Lodha' brand, sold properties worth Rs 4,030 crore. Gurugram-based Signature Global, which got listed in September 2023, witnessed sale bookings of Rs 3,120 crore in Q1 FY25.
Mumbai-based builders Mahindra Lifespace Developers Ltd and Keystone Realtors (Rustomjee) witnessed sale bookings of Rs 1,019 crore and Rs 611 crore, respectively. Bengaluru-based
Puravankara Ltd clocked sale bookings of Rs 1,128 crore. Mumbai-based Oberoi Realty sold properties worth Rs 1,067 crore last fiscal.
Pune-based Kolte-Patil developers sold properties worth Rs 711 crore while Mumbai-based Sunteck Realty achieved sale bookings worth Rs 502 crore. Bengaluru-based Shriram Properties witnessed sale bookings of Rs 376 crore.
Similarly, Delhi-based TARC Ltd witnessed sale bookings of Rs 310 crore and Ashiana Housing clocked sale bookings of Rs 235 crore.
Lucknow-based listed realty firm Eldeco Housing & Industries Ltd sold properties worth Rs 59 crore while Mumbai-based Equinox India Developments Ltd (earlier Indiabulls Real Estate Ltd) achieved pre-sales of Rs 82 crore.
Mumbai-based Suraj Estate Developers Ltd has witnessed sale bookings of Rs 140 crore in April-June quarter. Similarly, Ahmedabad-based Arvind Smartspaces Ltd sold properties worth Rs 201 crore, while Mumbai-based Ajmera Realty & Infrastructure Ltd reported pre-sales of Rs 306 crore.
Sale bookings data of several listed players was not available.
Industry experts say that the increase in sale bookings of major listed players was due to strong housing demand, especially for the luxury segment, after the COVID-19 pandemic.
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