India's Top Real Estate Developers Achieve Record Sales of Rs 1.62 Lakh Crore in FY25
India’s leading real estate developers, including Godrej Properties, DLF, and Lodha Group, achieved a record sales value of Rs 1.62 lakh crore in FY25, marking a significant 20% increase from the previous year. This surge is attributed to a growing preference for branded, reliable developers in the premium and luxury housing segments.
Real EstateGodrej PropertiesDlfPremium HousingBranded DevelopersReal Estate MumbaiJun 09, 2025
Leading the charts was Godrej Properties, which emerged as the country’s largest listed developer by sales value, clocking Rs 29,444 crore in pre-sales, according to data compiled from regulatory filings and investor presentations reported by PTI. This was a sharp increase from Rs 22,527 crore in the previous fiscal.
DLF Ltd, India’s most valuable real estate company by market capitalisation, secured the second spot with a record Rs 21,223 crore in bookings, driven by robust demand for its luxury housing project, The Camellias, in Gurugram. Macrotech Developers (Lodha Group) followed with Rs 17,630 crore in bookings, trailed by Prestige Estates at Rs 17,023 crore and Signature Global at Rs 10,290 crore.
The bulk of these sales didn’t come from malls or office spaces, but from homes—particularly premium and luxury residences—as buyers increasingly favoured established developers known for timely delivery.
Several other firms saw significant traction. Mumbai-based Aditya Birla Real Estate nearly doubled its bookings to Rs 8,087 crore, up from Rs 3,985 crore a year earlier. Brigade Enterprises, a key player in the southern market, recorded Rs 7,847 crore in pre-sales, while Max Estates posted a steep rise to Rs 5,321 crore from just Rs 1,844 crore in FY24.
Oberoi Realty and Puravankara reported bookings in the Rs 5,000 crore range, though the latter witnessed a year-on-year decline. Some developers, however, struggled to keep pace. Sobha Ltd’s pre-sales fell to Rs 6,277 crore from Rs 6,644 crore, while Prestige Estates’ overall bookings slipped from Rs 21,040 crore in the previous year. Puravankara also saw bookings drop to Rs 5,006 crore from Rs 5,914 crore.
The middle tier was crowded with developers clocking sales between Rs 2,000 crore and Rs 4,000 crore. TARC Ltd nearly doubled its bookings to Rs 3,722 crore. Keystone Realtors (Rustomjee), Mahindra Lifespace Developers, Sunteck Realty, Kolte-Patil Developers, and Raymond Ltd all reported solid momentum.
Smaller players, too, posted gains in many cases. Delhi-based Ashiana Housing sold homes worth Rs 1,937 crore, up from Rs 1,798 crore. Ahmedabad’s Arvind SmartSpaces rose to Rs 1,271 crore. Ajmera Realty, Arihant Superstructures, and Suraj Estate Developers reported modest but notable increases, reflecting steady traction in niche urban pockets.
Still, the growth wave was not universal. Developers like Eldeco Housing, based in Lucknow, saw pre-sales dip to Rs 337 crore from Rs 389 crore in the previous year.
Many developers with sub-Rs 2,000 crore sales did not publicly disclose data, but the broader narrative is clear: FY25 was the year India’s residential real estate market decisively tilted toward consolidation and brand dominance. The collapse of several high-profile housing projects over the last decade left thousands of buyers stranded and wary. In response, today’s buyers are moving en masse toward developers with proven track records and institutional credibility—even if that means paying a premium.
In this environment, brand equity has become as valuable as land. For companies like Godrej, DLF, and Lodha, it’s a moat—one that has not only helped them survive the turbulence of India’s real estate cycles but also thrive in an era shaped by informed, risk-conscious homebuyers.
FY25 may well be remembered as the year branded housing stopped being a luxury—and started becoming a necessity.
Frequently Asked Questions
Which company led in real estate sales in FY25?
Godrej Properties led the charts with Rs 29,444 crore in pre-sales, marking a significant increase from Rs 22,527 crore in the previous fiscal.
What was the total value of homes sold by top real estate developers in FY25?
India’s top 26 listed real estate developers sold homes worth Rs 1.62 lakh crore in FY25, up over 20% from the previous year.
Which company saw the steepest rise in bookings?
Max Estates saw a steep rise in bookings to Rs 5,321 crore from just Rs 1,844 crore in FY24.
Why are buyers increasingly favouring established developers?
Buyers are moving toward established developers due to their proven track records and institutional credibility, especially after the collapse of several high-profile housing projects in the past decade.
What is the significance of brand equity in the real estate market?
Brand equity has become as valuable as land, helping companies like Godrej, DLF, and Lodha survive and thrive in an era shaped by informed, risk-conscious homebuyers.
Related News Articles
Elderly Man Duped of ₹2.43 Crore in Mumbai Flat Fraud: Developers and Real Estate Agent Booked
A 64-year-old man was allegedly defrauded of ₹2.43 crore by Shree Jee Developers and a real estate agent in Kandivali, Mumbai.
Bengaluru's Exorbitant Security Deposits: A 2BHK Rented Out for ₹43,000 pm with ₹2.5 Lakh Security Deposit
Rents in Koramangala have grown roughly 5% year-on-year, with landlords charging high security deposits. Bengaluru's rental market is facing a crisis with tenants struggling to cope with ever-changing demands from landlords.
Axis Ecorp Expands into Fractional Ownership Market with Luxury Holiday Homes
Axis Ecorp, a prominent player in the real estate sector, has entered the fractional ownership market with a focus on luxury holiday homes.
Germany's Property Market Shows Signs of Recovery, but Caution Prevails
Germany, one of Europe’s hardest-hit countries in the real estate downturn, is beginning to see a slight improvement in its property market, though industry experts caution that a full recovery will be slow.
MahaRERA Orders MHADA to Address Structural Issues in Pune Housing Project
A winner of an MHADA lottery apartment in Haveli, Pune district, has filed a complaint with MahaRERA, highlighting significant structural defects in the housing unit. MahaRERA has now directed MHADA to resolve these issues promptly.
Real Estate Regulatory Authority (RERA) Updates: November 18-24, 2024
Recent decisions by various state RERA authorities highlight the ongoing efforts to protect homebuyers' rights and ensure compliance by developers. This week, notable actions include refunds, penalties, and settlements in Haryana, Telangana, West Bengal,