India is swiftly progressing on the path of development, and the real estate sector plays a significant role in measuring a country’s growth. The demand for real estate is often seen as an indicator of economic health, and this holds true for India as well. During the April-June quarter, 21 major listed real estate companies in India reported sales worth approximately ₹35,000 crores. Among these, Godrej Properties stood out with the highest sales bookings. With a few exceptions, all prominent listed real estate developers showed annual growth in sales bookings during this quarter, largely driven by robust consumer demand for residential properties, especially luxury homes.
What Do the Numbers Say?
According to compiled data provided to the stock market, India’s 21 major listed real estate companies reported a combined sales booking of ₹34,927.5 crores in the first quarter of the fiscal year 2024-25. A significant portion of these sales bookings came from the residential sector. Godrej Properties emerged as the largest listed company in terms of sales bookings, reporting ₹8,637 crores in the June quarter.
Key Highlights
| Company | Sales Booking (₹ Crores) | Quarterly Growth |
|---|---|---|
| Godrej Properties | 8,637 | Year-on-Year Increase |
| DLF Limited | 6,404 | Over 300% Increase |
| Macrotech Developers | 4,030 | Significant Growth |
| Signature Global | 3,120 | 300% Increase |
| Prestige Estates Projects | 3,029.5 | Year-on-Year Comparison |
| Shobha Limited | 1,874 | Consistent Sales |
| Brigade Enterprises | 1,086 | Steady Performance |
| Purnankara Limited | 1,128 | Stable Sales |
Emerging Players Making Waves
Recently listed Signature Global, headquartered in Gurugram, achieved a remarkable milestone with sales bookings of ₹3,120 crores in the June quarter, marking a threefold increase compared to the same quarter last year. Bangalore-based Prestige Estates Projects recorded sales bookings of ₹3,029.5 crores, although this figure was lower compared to the same period last year. Other notable mentions include Shobha Limited and Brigade Enterprises, which sold properties worth ₹1,874 crores and ₹1,086 crores, respectively, during the April-June period of this fiscal year.
As the market develops, these performances indicate a strong recovery and growth trajectory in the Indian real estate sector, highlighting both established players and new entrants contributing to the vibrant landscape of real estate.
