Major Realty Firms Witness Surge in Property Sales Worth Rs 35,000 Cr in Q1FY25
India's top real estate developers, including Godrej Properties and DLF, reported a significant increase in property sales in the first quarter of FY25, driven by strong demand for luxury housing.
Real EstateProperty SalesGodrej PropertiesDlf LtdLuxury HousingReal Estate NewsSep 01, 2024
The growth in sale bookings was mainly driven by strong consumer demand for the residential segment, especially luxury housing. In Q1 FY25, all major listed real estate developers, barring a few, had shown annual growth in sale bookings.
Bengaluru-based Prestige Estates Projects witnessed sale bookings of Rs 3,029.5 crore in June quarter, which were down from the corresponding period of the previous year. Bengaluru-based firms Sobha Ltd and Brigade Enterprises clocked sales worth Rs 1,874 crore and Rs 1,086 crore, respectively, during the April-June period of this fiscal.
Mumbai-based Macrotech Developers, which sells properties under 'Lodha' brand, sold properties worth Rs 4,030 crore. Gurugram-based Signature Global, which got listed in September 2023, witnessed sale bookings of Rs 3,120 crore in Q1 FY25.
Mumbai-based builders Mahindra Lifespace Developers Ltd and Keystone Realtors (Rustomjee) witnessed sale bookings of Rs 1,019 crore and Rs 611 crore, respectively. Bengaluru-based Puravankara Ltd clocked sale bookings of Rs 1,128 crore.
Mumbai-based Oberoi Realty sold properties worth Rs 1,067 crore last fiscal. Pune-based Kolte-Patil developers sold properties worth Rs 711 crore while Mumbai-based Sunteck Realty achieved sale bookings worth Rs 502 crore.
Bengaluru-based Shriram Properties witnessed sale bookings of Rs 376 crore. Similarly, Delhi-based TARC Ltd witnessed sale bookings of Rs 310 crore and Ashiana Housing clocked sale bookings of Rs 235 crore.
Lucknow-based listed realty firm Eldeco Housing & Industries Ltd sold properties worth Rs 59 crore while Mumbai-based Equinox India Developments Ltd (earlier Indiabulls Real Estate Ltd) achieved pre-sales of Rs 82 crore.
Mumbai-based Suraj Estate Developers Ltd has witnessed sale bookings of Rs 140 crore in April-June quarter. Similarly, Ahmedabad-based Arvind Smartspaces Ltd sold properties worth Rs 201 crore, while Mumbai-based Ajmera Realty & Infrastructure Ltd reported pre-sales of Rs 306 crore.
Industry experts say that the increase in sale bookings of major listed players was due to strong housing demand, especially for the luxury segment, after the COVID-19 pandemic.
Godrej Properties is a leading real estate developer in India, with a strong presence in the residential and commercial segments. DLF Ltd is another major player in the Indian real estate market, with a diverse portfolio of residential, commercial, and retail projects.
Godrej Properties is a part of the Godrej Group, one of India's largest and most diversified conglomerates. The company has developed over 15 million square feet of real estate across India and has a strong pipeline of upcoming projects.
DLF Ltd is a leading real estate developer in India, with a presence in the residential, commercial, and retail segments. The company has developed over 150 million square feet of real estate across India and has a strong pipeline of upcoming projects.
Frequently Asked Questions
Which real estate developer reported the highest sale bookings in Q1FY25?
Godrej Properties reported the highest sale bookings of Rs 8,637 crore in Q1FY25.
What was the combined sale bookings of India's 21 major listed real estate developers in Q1FY25?
The combined sale bookings of India's 21 major listed real estate developers was around Rs 34,927 crore in Q1FY25.
What drove the growth in sale bookings of major listed real estate developers in Q1FY25?
The growth in sale bookings was mainly driven by strong consumer demand for the residential segment, especially luxury housing.
Which city-based real estate developers reported significant sale bookings in Q1FY25?
Mumbai-based Godrej Properties, DLF Ltd, and Macrotech Developers reported significant sale bookings in Q1FY25.
What is the outlook for the Indian real estate market in FY25?
Industry experts say that the increase in sale bookings of major listed players was due to strong housing demand, especially for the luxury segment, after the COVID-19 pandemic.
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