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India's leading listed real estate firms have seen a strong rise in sales bookings during the first nine months of this fiscal, primarily driven by demand for luxury and premium homes. The top five players Godrej Properties, Prestige Estates, DLF, Lodha Developers, and Signature Global accounted for nearly two-thirds of total pre-sales, amounting to over INR 83,800 crore. Smaller developers also contributed significantly. Post-pandemic, buyers have shown preference for financially stable brands. While volume of sales fell in 2025, the value increased due to price growth and higher-end launches.
India's top listed real estate companies have reported a significant increase in sales bookings in the first nine months of the current fiscal, mainly driven by strong demand for premium and luxury homes. Data compiled from regulatory filings show that the combined pre-sales of 28 major listed developers reached nearly INR 1,32,569 crore during April-December, with the five largest players accounting for 63% of this total. Advertisement
Mumbai-based Godrej Properties led the pack with sales bookings of INR 24,008 crore, followed closely by Bengaluru-based Prestige Estates at INR 22,327.3 crore. Delhi-NCR's DLF, the country's largest realty firm by market capitalisation, secured pre-sales of INR 16,176 crore. Lodha Developers from Mumbai achieved INR 14,640 crore, while Signature Global from Delhi-NCR reported INR 6,680 crore, rounding out the top five contributors. Overall, these five companies combined pre-sales grew to INR 83,831.3 crore, up from INR 70,023.7 crore in the same period last year.
Post-pandemic, listed developers have strengthened their market share as homebuyers increasingly prefer established brands with stronger financial capabilities for timely project completion. Other notable contributors include Bengaluru-based Sobha Ltd and Brigade Enterprises, with pre-sales of INR 6,096.7 crore and INR 4,903 crore, respectively, while Puravankara Ltd recorded INR 3,859 crore. Mumbai-based Aditya Birla Real Estate, Oberoi Realty, and Kalpataru Ltd posted INR 3,848.1 crore, INR 3,774.09 crore, and INR 3,447 crore in sales bookings, respectively.
Smaller listed players also contributed, with Keystone Realtors at INR 2,676 crore, Sunteck Realty at INR 2,093 crore, Embassy Developments at INR 1,999 crore, and Max Estates at INR 1,900 crore. Pune-based Kolte-Patil Developers reported INR 1,891 crore, while Mahindra Lifespace Developers achieved INR 1,773 crore. Bengaluru-based Shriram Properties and Mumbai-based Raymond Realty recorded INR 1,691 crore and INR 1,504 crore, respectively. Other companies including Ajmera Realty, Ashiana Housing, TARC Ltd, Arvind Smartspaces, Sri Lotus Developers, Arihant Superstructures, Arkade Developers, Suraj Estate, and Lucknow-based Eldeco Housing contributed pre-sales ranging from INR 361.2 crore to INR 1,431 crore.
Many listed firms have emphasized that revenue recognition of these bookings is linked to the completion of their real estate projects, while unlisted developers generally do not report quarterly or annual sales bookings. Last fiscal, India's 26 major listed real estate companies recorded combined property sales of INR 1.62 lakh crore, with Godrej Properties emerging as the top performer at nearly INR 30,000 crore.
According to property consultants and analytics firms like Anarock, PropEquity, and PropTiger, housing sales in volume terms declined during 2025, but value growth continued due to price appreciation post-pandemic and increased sales of homes priced above INR 1 crore per unit.
Source PTI
FAQ
1. Which real estate firms led the rise in sales bookings?
The top five listed real estate firms driving the increase were Godrej Properties, Prestige Estates, DLF, Lodha Developers, and Signature Global. Together, they accounted for nearly two-thirds of total pre-sales, amounting to over INR 83,800 crore.
2. What was the total pre-sales value for the first nine months of the fiscal?
Combined pre-sales of 28 major listed developers reached nearly INR 1,32,569 crore during April-December, with the top five companies contributing INR 83,831.3 crore. This represents significant growth from INR 70,023.7 crore in the same period last year.
3. Which other notable developers contributed to sales bookings?
Other key contributors include Sobha Ltd (INR 6,096.7 crore), Brigade Enterprises (INR 4,903 crore), and Puravankara Ltd (INR 3,859 crore). Mumbai-based Aditya Birla Real Estate, Oberoi Realty, and Kalpataru Ltd also recorded pre-sales above INR 3,400 crore.
4. What drove the increase in sales bookings despite lower sales volume?
While the volume of homes sold declined in 2025, the total value of sales grew due to post-pandemic price appreciation, higher-end launches, and increased demand for homes priced above INR 1 crore. Buyers are also increasingly preferring financially stable, established developers for timely project completion.
5. How do listed developers report sales bookings?
Listed developers report pre-sales through regulatory filings, and revenue recognition is generally linked to project completion. Unlisted developers, in contrast, usually do not disclose quarterly or annual sales bookings publicly.
6. What trends are visible in the luxury and premium housing segment?
The growth in pre-sales was largely driven by the luxury and premium housing segment, with high-end launches and brand trust contributing to strong buyer demand. Top developers captured a significant market share, reflecting a post-pandemic preference for reputed developers among homebuyers.
7. What is the outlook for real estate sales among listed firms?
Property consultants like Anarock, PropEquity, and PropTiger indicate that value growth is likely to continue, even if sales volumes fluctuate. Established listed developers are expected to maintain strong performance, especially in the luxury and premium housing segment, supported by financial stability and market trust.
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