India’s Top Real Estate Developers Post Steady Growth in Q4FY25 Amid Market Challenges
India’s leading listed real estate developers reported steady growth in the fourth quarter of fiscal year 2025, driven by robust pre-sales. However, earnings showed signs of moderation due to elevated housing prices and a slowdown in new launches.
Real EstatePresalesHousing PricesMarket ChallengesEconomic ConditionsReal EstateJun 05, 2025
According to Anarock, housing sales across key Indian cities declined by 28 per cent year-on-year (Y-o-Y) in Q4FY25. Despite this, most developers managed to post growth in their pre-sales. All the top developers, except Oberoi Realty, reported a growth of anywhere between 7 and 48 per cent in their pre-sales during the quarter.
The mid to premium housing segments continued to attract buyers, driven by a combination of factors including affordable home loan interest rates, improved economic conditions, and a growing preference for well-located and amenity-rich projects. Developers focused on these segments to capitalize on the sustained demand, which helped mitigate the impact of slower overall market growth.
However, the elevated housing prices and a slowdown in new project launches posed challenges. Developers have been cautious in launching new projects, given the uncertainty in the market and the need to manage inventory levels. This cautious approach has led to a reduction in the number of new units available, which in turn has contributed to the moderation in overall sales volumes.
Despite these challenges, the real estate sector remains optimistic about the future. The government’s continued focus on affordable housing and infrastructure development, along with the improving economic outlook, is expected to provide a boost to the market. Developers are also exploring new strategies, such as offering flexible payment options and enhanced amenities, to attract buyers and maintain sales momentum.
In the coming quarters, the real estate market is likely to see a more balanced growth trajectory, with a focus on sustainable development and meeting the evolving needs of consumers. The mid to premium segments are expected to continue to perform well, while affordable housing projects are likely to gain traction due to increased government support and the growing demand for affordable homes.
Overall, the fourth quarter of FY25 was a mixed bag for the real estate sector, with steady growth in pre-sales and a cautious approach to new launches. As the market continues to evolve, developers will need to adapt their strategies to navigate the challenges and capitalize on the opportunities presented by the changing market dynamics.
Frequently Asked Questions
What was the overall performance of India’s top real estate developers in Q4FY25?
India’s top listed real estate developers reported steady growth in Q4FY25, driven by robust pre-sales, despite some signs of moderation in earnings.
Why did pre-sales remain strong in Q4FY25?
Pre-sales remained strong due to continued demand in the mid to premium housing segments, driven by affordable home loan interest rates and improved economic conditions.
What challenges did the real estate market face in Q4FY25?
The market faced challenges such as elevated housing prices and a slowdown in new project launches, which led to a reduction in the number of new units available.
How are developers responding to these challenges?
Developers are focusing on the mid to premium housing segments, offering flexible payment options, and enhancing amenities to attract buyers and maintain sales momentum.
What is the outlook for the real estate sector in the coming quarters?
The outlook is cautiously optimistic, with a focus on sustainable development, government support for affordable housing, and strategies to meet evolving consumer needs.
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