India's Top Real Estate Players Shatter Records with Rs. 12,867.8 Crore in Quarterly Sales
Top-listed real estate companies in India, including DLF, Godrej Properties, and Phoenix Mills, break records with impressive quarterly sales, driven by strong consumer demand and increased sales.
Real EstateIndian Real Estate SectorProperty SalesQuarterly SalesMarket CapitalizationReal Estate PuneJul 19, 2024
According to Screener, a stock analysis tool, 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.
According 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.
The top 10 listed real estate companies in the country, in terms of market capitalization, have significantly contributed to the sector's development and offer a wide range of real estate services. These companies include DLF, Godrej Properties, Phoenix Mills, Prestige Estates, Oberoi Realty, Brigade Enterprises, Signature Global, SOBHA, Anant Raj, and Valor Estate Limited.
Each of these companies has played a pivotal role in shaping the Indian real estate landscape with their innovative designs, quality construction, and commitment to 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 total value of property sales achieved by top-listed real estate companies in the latest quarter?
Rs. 12,867.8 crore
Which company has emerged as one of India's foremost real estate companies, recognized for its innovative design, quality construction, and commitment to customer satisfaction?
Godrej Properties
What is the expected sales growth rate for residential real estate developers this fiscal year, according to a report by Crisil?
8-10 percent
Which company has delivered an impressive 10.4 million sq. ft. of housing area to date and has a robust pipeline of approximately 32.2 million sq. ft. of saleable area in upcoming projects?
Signature Global
What is the expected value of the Indian real estate sector by 2030?
USD 1 trillion
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