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HomeNewsBusinessReal EstatePrestige beats DLF, Godrej in Q1 sales as India’s listed realtors log Rs 53,000 crore boom

Prestige beats DLF, Godrej in Q1 sales as India’s listed realtors log Rs 53,000 crore boom

Luxury housing drives record bookings as top five developers corner 71 percent share.

August 24, 2025 / 14:33 IST
For FY26, Prestige’s strong start puts it in direct competition with DLF and Godrej for leadership in annual sales rankings.

India’s listed real estate developers have collectively sold properties worth nearly Rs 53,000 crore in the April–June quarter of FY26, according to regulatory filings compiled by PTI. The surge reflects sustained demand for housing, especially in luxury and premium projects, as homebuyers continue to prefer branded players post-pandemic.

Prestige leads with record sales

Bengaluru-based Prestige Estates Projects Ltd emerged as the top performer with pre-sales of Rs 12,126.4 crore during the quarter, riding on strong demand in its home market.

Close on its heels was DLF Ltd, the country’s largest realty firm by market value, which posted Rs 11,425 crore in sales bookings, largely driven by luxury homes in Gurugram.

Mumbai-based Godrej Properties secured the third spot with Rs 7,082 crore worth of bookings, followed by Lodha Developers at Rs 4,450 crore and Delhi-NCR’s Signature Global at Rs 2,640 crore.

Together, these top five developers contributed a massive 71 percent to the combined sales bookings of 28 listed realtors.

Mid-tier players make their mark

Beyond the top five, several mid-sized and regional developers also posted robust numbers:

Sobha Ltd: Rs 2,079 crore
Omaxe Ltd: Rs 2,001 crore
Oberoi Realty: Rs 1,639 crore
Kalpataru Ltd: Rs 1,249 crore
Puravankara Ltd: Rs 1,124 crore
Brigade Enterprises: Rs 1,118 crore
Keystone Realtors (Rustomjee): Rs 1,068 crore

Below the Rs 1,000 crore mark, notable players included Sunteck Realty (Rs 657 crore), Kolte-Patil (Rs 616 crore), Mahindra Lifespace (Rs 449 crore), Shriram Properties (Rs 441 crore) and Ashiana Housing (Rs 431 crore).

Other smaller developers such as Aditya Birla Real Estate, Raymond Realty, TARC, Eldeco, Max Estates, Embassy, Arvind Smartspaces, Arihant Superstructures, Arkade, Ajmera Realty and Suraj Estate posted sales ranging from Rs 80 crore to Rs 422 crore.

Residential demand at the core

Most of the pre-sales were concentrated in residential properties, which remain the driving force of the sector. Demand for homes has surged since the pandemic, with buyers gravitating towards trusted, large developers due to concerns over project delays and financial risks with smaller builders.

“The market has become both volume- and value-driven. Branded developers are emerging as the biggest beneficiaries of this structural shift,” analysts tracking the sector noted.

Context: Annual performance and future outlook

During FY25, the country’s 26 major listed real estate firms sold properties worth Rs 1.62 lakh crore. Interestingly, Godrej Properties had topped the chart last fiscal with nearly Rs 30,000 crore in bookings.

For FY26, Prestige’s strong start puts it in direct competition with DLF and Godrej for leadership in annual sales rankings.

Revenue recognition of these bookings, however, will take time, as it is tied to project completion milestones, a reminder that cash inflow for developers often lags actual pre-sales momentum.

(With inputs from PTI)

Moneycontrol News
first published: Aug 24, 2025 02:33 pm

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