India's Top 10 Listed Real Estate Giants Achieve Exceptional Growth

The Indian real estate sector is thriving, with top-listed companies reporting impressive sales and profits, driven by strong consumer demand and increased sales.

Real EstateIndian Real EstateListed CompaniesProperty SalesResidential PropertiesCommercial ProjectsReal Estate DevelopersReal Estate MaharashtraJul 31, 2024

India's Top 10 Listed Real Estate Giants Achieve Exceptional Growth

Real Estate Maharashtra:India's top-listed real estate players have reported exceptional business growth, driven by strong consumer demand and increased sales. Many developers have reported record-breaking pre-sales in the 2023-24 fiscal year, highlighting their robust market performance. According to a stock analysis tool, Screener, ten prominent listed real estate companies, including DLF, Godrej Properties, Prestige Estates, Signature Global, and others, achieved property sales worth an astounding Rs 12,867.8 crore in the latest quarter, resulting in impressive net profits.

This impressive growth was primarily driven by the strong demand for residential properties, particularly premium homes in major cities. Industry experts attribute the surge in sales among the top 10 listed players to robust housing demand and a preference for companies and brands with proven track records of successful project execution.\n\nAccording to a report by rating agency Crisil, residential real estate developers are expected to achieve 8-10 percent sales growth this fiscal year, despite rising interest rates and home prices. This growth is supported by a 4-6 percent increase in volume and a 3-5 percent rise in capital values.

Here are the 10 best-listed real estate companies in the country, which have significantly contributed to the sector's development and offer a wide range of real estate services

1. DLF DLF Limited, established in 1946, stands as one of India's oldest and largest real estate enterprises, renowned for its high-quality residential and commercial projects.

2. Godrej Properties Established in 1990, Godrej Properties has emerged as one of India's foremost real estate companies, recognized for its innovative design, quality construction, and commitment to customer satisfaction.

3. Phoenix Mills The Phoenix Mills Ltd has established itself as a prominent player in the Indian real estate sector, exceling in the development of mega retail malls, entertainment complexes, commercial spaces, and hospitality units.

4. Prestige Estates The Prestige Group is now synonymous with innovation in the real estate sector.

5. Oberoi Realty Oberoi Realty has perfected the creation of high-quality, sustainable lifestyle standards.

6. Brigade Enterprises Since 1986, Brigade has been dedicated to shaping India's real estate landscape with landmark developments across various sectors, establishing itself as a prominent industry leader.

7. Signature Global Among the leading real estate companies, Signature Global has emerged as a standout player, making a significant impact on the industry.

8. Sobha Since its inception, SOBHA Limited has consistently aimed to set new standards in quality, customer focus, business ethics, and transparency.

9. Anant Raj Anant Raj Limited boasts a rich legacy of over fifty years, dedicated to transforming the real estate landscape.

10. Valor Estate Limited (formerly known as D B Realty Limited), founded in 2007, has in a short span of time covered enormous ground, thereby establishing its place as a leading real estate developer in India.

These companies have not only dominated the market but have also set benchmarks for quality, innovation, and customer satisfaction. Their contributions are pivotal in driving the growth of the Indian real estate sector, which continues to thrive and evolve. With the Indian real estate sector expected to reach a value of USD 1 trillion by 2030, the performance of top listed realty firms will be pivotal in shaping the industry's future.

Frequently Asked Questions

What is the expected sales growth rate of residential real estate developers in the 2023-24 fiscal year?

According to a report by rating agency Crisil, residential real estate developers are expected to achieve 8-10 percent sales growth this fiscal year.

Which company has reported the highest sales bookings in the latest quarter?

According to the article, Signature Global has achieved sales bookings totaling?72.7 billion, reflecting a remarkable sales CAGR of 62% from FY21 to FY24.

What is the projected value of the Indian real estate sector by 2030?

The Indian real estate sector is expected to reach a value of USD 1 trillion by 2030.

Which company has been recognized as the top brand in the Indian real estate sector for over three consecutive years?

SOBHA Limited has been recognized as the top brand in the Indian real estate sector for over three consecutive years.

What is the total saleable area of Signature Global's ongoing projects?

Signature Global has a robust pipeline of approximately 32.2 million sq. ft. of saleable area in upcoming projects, and 16.4 million sq. ft. of ongoing projects slated for execution over the next 2-3 years.