Indian Realty Giants Unload Properties Worth Rs 1.17 Lakh Crore in FY24
Leading real estate companies in India, such as Macrotech Developers and Signature Global, have sold properties worth a staggering Rs 1.17 lakh crore in FY24.
Indian Real EstateProperty SalesMacrotech DevelopersSignature GlobalGodrej PropertiesReal Estate MumbaiJun 05, 2024
Macrotech Developers, a leading real estate company based in Mumbai and selling properties under the Lodha brand, has recorded pre-sales of Rs 145.20 billion. This is a remarkable achievement, considering the challenges posed by the COVID-19 pandemic and the subsequent economic slowdown.
Another major player in the real estate sector, Signature Global, has also reported impressive sales figures. The company, which is based in Gurgaon, has sold properties worth Rs 120.40 billion in FY24.
Other listed realty firms, such as Godrej Properties, Sobha Ltd, and DLF Ltd, have also reported significant sales figures in FY24. The combined sales of these companies have contributed to the overall figure of Rs 1.17 lakh crore.
The surge in property sales can be attributed to various factors, including the government's initiatives to boost the real estate sector, the growing demand for affordable housing, and the increasing popularity of luxury residential projects.
The Indian real estate sector has been growing steadily over the past decade, driven by the country's rapid urbanization and economic growth. The sector has attracted significant investments from both domestic and foreign investors, leading to the development of new projects and infrastructure.
Macrotech Developers, formerly known as Lodha Developers, is a leading real estate company based in Mumbai. The company is known for its premium residential and commercial projects, and has a strong presence in Mumbai, Pune, and other cities in India.
Signature Global is a real estate company based in Gurgaon, Haryana. The company is known for its affordable housing projects and has a strong presence in the National Capital Region (NCR).
Frequently Asked Questions
What is the total value of properties sold by listed realty firms in FY24?
The total value of properties sold by listed realty firms in FY24 is Rs 1.17 lakh crore.
Which company has recorded the highest pre-sales in FY24?
Macrotech Developers has recorded the highest pre-sales of Rs 145.20 billion in FY24.
What are the factors contributing to the surge in property sales in FY24?
The factors contributing to the surge in property sales in FY24 include government initiatives, growing demand for affordable housing, and increasing popularity of luxury residential projects.
Which companies have reported significant sales figures in FY24?
Macrotech Developers, Signature Global, Godrej Properties, Sobha Ltd, and DLF Ltd have reported significant sales figures in FY24.
What is driving the growth of the Indian real estate sector?
The Indian real estate sector is driven by rapid urbanization, economic growth, and investments from domestic and foreign investors.
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