The real estate sector in India is witnessing a robust growth spurt, with 21 major listed companies in the field reporting impressive sales figures for the April-June quarter. Collectively, these firms have sold properties worth approximately ₹35,000 crores, signaling a strong consumer demand particularly for residential properties, including luxurious homes.
Leading the Sales: Godrej Properties
According to compiled data submitted to the stock market, the 21 prominent listed real estate companies in India reported combined sales bookings amounting to ₹34,927.5 crores during the first quarter of the financial year 2024-25. A significant portion of this sales revenue originated from the housing segment. Godrej Properties stood out as the leading developer in this quarter, registering sales bookings of ₹8,637 crores, thus solidifying its position as the top listed company in terms of sales.
DLF and Lodha Showcase Growth
DLF Limited, the largest real estate company by market capitalization in the country, reported sales bookings soaring to ₹6,404 crores, marking over three-fold growth compared to the previous year. Meanwhile, Macrotech Developers, operating under the ‘Lodha’ brand, recorded ₹4,030 crores in sales. Notably, the recently listed Signature Global, based in Gurugram, achieved ₹3,120 crores in sales bookings during the June quarter, tripling its performance from the same quarter last year.
Other Notable Contributors
Prestige Estates Projects, located in Bengaluru, documented sales bookings of ₹3,029.5 crores in the June quarter, a decline compared to the previous year. Additionally, Bengaluru-based Shobha Limited and Brigade Enterprises reported sales of ₹1,874 crores and ₹1,086 crores, respectively, during the financial year’s April-June period. Furthermore, Puravankara Limited, also from Bengaluru, maintained steady performance with sales bookings of ₹1,128 crores, remaining almost stable compared to the previous year’s same period.
Summary of Sales Bookings
| Company Name | Sales Bookings (in Crores) | Growth Rate |
|---|---|---|
| Godrej Properties | 8,637 | — |
| DLF Limited | 6,404 | 300%+ |
| Macrotech Developers (Lodha) | 4,030 | — |
| Signature Global | 3,120 | 300% |
| Prestige Estates Projects | 3,029.5 | Decline |
| Shobha Limited | 1,874 | — |
| Brigade Enterprises | 1,086 | — |
| Puravankara Limited | 1,128 | Stable |
This surge in sales reflects a growing optimism in the Indian housing market, driven by a combination of favorable financing options, increased consumer confidence, and a demand for quality living spaces. The period ahead looks promising for the real estate sector as more consumers are likely to invest in residential properties.
