India's 28 Listed Realty Firms Report ₹53,000 Crore in Property Sales for Q1 FY24
India's 28 listed real estate companies have reported a combined sales booking of nearly ₹53,000 crore in the April-June quarter of FY24, with Prestige Estates leading the pack.
Real EstateProperty SalesIndian RealtyPrestige EstatesDlf LtdReal EstateAug 24, 2025
According to data compiled from regulatory filings, the total combined sales bookings for these 28 listed realtors stood at ₹52,842 crore in the first quarter of FY24. Among these, Bengaluru-based Prestige Estates Projects Ltd emerged as the leading player, achieving pre-sales of ₹12,126.4 crore.
DLF Ltd, India's largest real estate firm by market capitalization, followed closely with pre-sales of ₹11,425 crore, driven by the strong demand in the luxury home market of Gurugram. Mumbai-based Godrej Properties recorded sales bookings of ₹7,082 crore, while Lodha Developers sold properties worth ₹4,450 crore during the June quarter.
Delhi-NCR-based Signature Global also performed well, achieving sales bookings of ₹2,640 crore in the June quarter. Notably, these top five developers contributed 71% to the total combined sales bookings of the 28 listed realty firms.
The majority of these sales bookings pertained to residential properties, whose demand has surged post-pandemic. Big branded real estate developers have benefited the most from this strong revival, both in terms of volume and value, as homebuyers have become more risk-averse.
Other listed players also reported significant sales. Bengaluru-based Sobha Ltd and Delhi-based Omaxe Ltd sold properties worth ₹2,079 crore and ₹2,001 crore, respectively. Mumbai-based Oberoi Realty Ltd and Kalpataru Ltd posted sales bookings of ₹1,639 crore and ₹1,249 crore, respectively. Bengaluru-based Puravankara Ltd and Brigade Enterprises Ltd sold properties worth ₹1,124 crore and ₹1,118 crore, respectively.
Mumbai-based Keystone Realtors, which markets under the Rustomjee brand, achieved sales bookings of ₹1,068 crore. In the below-₹1,000 crore pre-sales category, several players performed well. Mumbai-based Sunteck Realty sold properties worth ₹657 crore, while Pune-based Kolte-Patil Developers Ltd clocked ₹616 crore in pre-sales. Mahindra Lifespace sold properties worth ₹449 crore, and Bengaluru-based Shriram Properties Ltd reported pre-sales of ₹441 crore. Sales bookings of Delhi-based Ashiana Housing Ltd were ₹430.97 crore.
Mumbai-based Aditya Birla Real Estate Ltd and Raymond Realty Ltd reported pre-sales of ₹422.5 crore and ₹306 crore, respectively. Delhi-NCR-based TARC Ltd sold properties worth ₹225 crore, while Lucknow-based Eldeco Housing & Industries Ltd achieved pre-sales of ₹221.11 crore and Max Estates Ltd nearly ₹220 crore. Bengaluru-based Embassy Developments Ltd sold properties worth ₹198 crore in the April-June period of this fiscal.
Ahmedabad-based Arvind Smartspaces Ltd's sales bookings were ₹175 crore. Mumbai-based Arihant Superstructures Ltd, Arkade Developers Ltd, Ajmera Realty & Infrastructure Ltd, and Suraj Estate Developers Ltd reported sales bookings of ₹150.6 crore, ₹142 crore, ₹108 crore, and ₹81 crore, respectively.
It is important to note that some listed players have not reported their sales bookings numbers, which are a crucial metric for evaluating their performance. Revenue recognition of sales bookings achieved by these developers takes time, as it is linked to the completion of real estate projects.
Real estate developers that are not listed on stock exchanges generally do not report their quarterly and annual sales bookings. During the 2024-25 financial year, the country's 26 major listed real estate firms sold properties valuing ₹1.62 lakh crore. Godrej Properties Ltd was the largest player last fiscal in terms of sales bookings, having sold properties worth nearly ₹30,000 crore.
This strong performance in the real estate sector indicates a positive trend and a growing confidence among homebuyers, signaling a healthy recovery in the market.
Frequently Asked Questions
Which company led the sales bookings in the April-June quarter of FY24?
Prestige Estates Projects Ltd emerged as the leading player with pre-sales of ₹12,126.4 crore.
What was the total combined sales booking of the 28 listed real estate companies?
The total combined sales booking of the 28 listed real estate companies was ₹52,842 crore.
How much did DLF Ltd achieve in pre-sales?
DLF Ltd achieved pre-sales of ₹11,425 crore, driven by the luxury home market in Gurugram.
What percentage of the total sales bookings did the top five developers contribute?
The top five developers contributed 71% to the total combined sales bookings of the 28 listed realty firms.
Which sector of the real estate market saw the most significant demand post-pandemic?
The residential property sector saw the most significant demand post-pandemic, with a strong revival in both volume and value.
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