Prestige Surges Ahead of DLF and Godrej in Q1 Sales, Driving India's Real Estate Boom
India’s listed real estate developers have collectively sold properties worth nearly Rs 53,000 crore in the first quarter of FY26, with Prestige Estates leading the pack. This surge reflects sustained demand for housing, especially in luxury and premium projects.
Real EstateProperty SalesPrestige EstatesDlfGodrej PropertiesReal EstateAug 24, 2025
Prestige leads with record sales
Bengaluru-based Prestige Estates Projects Ltd emerged as the top performer with pre-sales of Rs 12,126.4 crore during the quarter, riding on strong demand in its home market. Close on its heels was DLF Ltd, the country’s largest realty firm by market value, which posted Rs 11,425 crore in sales bookings, largely driven by luxury homes in Gurugram. Mumbai-based Godrej Properties secured the third spot with Rs 7,082 crore worth of bookings, followed by Lodha Developers at Rs 4,450 crore and Delhi-NCR’s Signature Global at Rs 2,640 crore. Together, these top five developers contributed a massive 71 percent to the combined sales bookings of 28 listed realtors.
Mid-tier players make their mark
Beyond the top five, several mid-sized and regional developers also posted robust numbers:
Sobha Ltd: Rs 2,079 crore
Omaxe Ltd: Rs 2,001 crore
Oberoi Realty: Rs 1,639 crore
Kalpataru Ltd: Rs 1,249 crore
Puravankara Ltd: Rs 1,124 crore
Brigade Enterprises: Rs 1,118 crore
Keystone Realtors (Rustomjee): Rs 1,068 crore
Below the Rs 1,000 crore mark, notable players included Sunteck Realty (Rs 657 crore), Kolte-Patil (Rs 616 crore), Mahindra Lifespace (Rs 449 crore), Shriram Properties (Rs 441 crore) and Ashiana Housing (Rs 431 crore). Other smaller developers such as Aditya Birla Real Estate, Raymond Realty, TARC, Eldeco, Max Estates, Embassy, Arvind Smartspaces, Arihant Superstructures, Arkade, Ajmera Realty and Suraj Estate posted sales ranging from Rs 80 crore to Rs 422 crore.
Residential demand at the core
Most of the pre-sales were concentrated in residential properties, which remain the driving force of the sector. Demand for homes has surged since the pandemic, with buyers gravitating towards trusted, large developers due to concerns over project delays and financial risks with smaller builders. “The market has become both volume- and value-driven. Branded developers are emerging as the biggest beneficiaries of this structural shift,” analysts tracking the sector noted.
Context: Annual performance and future outlook
During FY25, the country’s 26 major listed real estate firms sold properties worth Rs 1.62 lakh crore. Interestingly, Godrej Properties had topped the chart last fiscal with nearly Rs 30,000 crore in bookings. For FY26, Prestige’s strong start puts it in direct competition with DLF and Godrej for leadership in annual sales rankings. Revenue recognition of these bookings, however, will take time, as it is tied to project completion milestones, a reminder that cash inflow for developers often lags actual pre-sales momentum.
Frequently Asked Questions
Which developer led in Q1 sales in FY26?
Prestige Estates Projects Ltd led the Q1 sales in FY26 with pre-sales of Rs 12,126.4 crore.
What was the total sales value of India's listed real estate developers in Q1 FY26?
India’s listed real estate developers collectively sold properties worth nearly Rs 53,000 crore in the April–June quarter of FY26.
How did DLF perform in Q1 FY26?
DLF Ltd, the country’s largest realty firm by market value, posted Rs 11,425 crore in sales bookings in Q1 FY26, largely driven by luxury homes in Gurugram.
What is the main driving force behind the surge in property sales?
The main driving force behind the surge in property sales is the sustained demand for residential properties, especially in luxury and premium projects, as homebuyers continue to prefer branded players post-pandemic.
How do mid-tier players compare in terms of sales performance?
Mid-tier players such as Sobha Ltd, Omaxe Ltd, and Oberoi Realty also posted robust numbers, with sales ranging from Rs 1,000 crore to Rs 2,079 crore.
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