Top Real Estate Stocks with Largest Land Bank: DLF, Godrej Properties, and Prestige Estates
DLF, Godrej Properties, and Prestige Estates are leading real estate companies with strong financial metrics and promising project pipelines.
Real EstateLand BankingDlfGodrej PropertiesPrestige EstatesReal EstateSep 04, 2024
DLF Limited has reported good pre-sales and strong cash flow due to its comprehensive project experience; whereas Godrej Properties has recorded high booking volumes along with record profits. Likewise, Prestige Estates has continued to grow in different areas evidenced by good sales figures as well as a promising project pipeline.
DLF Ltd has 78 years of experience in real estate development, with 178 real estate projects developed, covering an area of approximately 349 million square feet. Since its IPO, it has delivered around 125 million square feet. The company has a development potential of over 220 million square feet through both development and rental projects.
In Q1FY25, the company showed a pre-sales number of ₹6,400 crore, driven by the successful launch of Privana West. The profit after tax was ₹646 crore, driven by possession letters issued. The free operating cash flow exceeded ₹2,500 crore during the quarter, indicating a strong cash flow position.
Godrej Properties, established in 1990, is India's largest listed developer by booking value in FY24. Since FY2018, the company has delivered approximately 50 million square feet of real estate and has around 226 million square feet of saleable area across India.
The company achieved the highest ever net profit of ₹520 crore in Q1 FY25 where total income increased by 25% to ₹1,638 crore and EBITDA surged by 237% to ₹774 crore. Net operating cash flow grew 737% to ₹988 crores, supported by a 54% increase in collections to ₹3,012 crores.
Prestige Estates has delivered 63 completed projects covering a total developed area of 67 million square feet. It is a prominent real estate developer in India with a presence across six major cities and other urban centres.
The company has completed 150 residential projects comprising a total area of 127 mn sq. ft. Currently, it has 37 ongoing projects for 65 sqft and 30 projects under the planning stage for 75 mn sqft.
In Q1 FY25 sales amounted to ₹3,030 crore, supported by healthy collections of ₹2,916 crore. Sold 2.86 million square feet across 1,364 units. Average realisations increased to ₹11,934 per square foot for apartments, villas, and commercial spaces, and ₹7,285 per square foot for plots.
Management is optimistic about demand, citing a strong market appetite. Anticipates a significant pickup in presales in the second half of FY'25 due to upcoming launches.
Conclusion
DLF, Godrej, and Prestige are leading land banking companies with strong market positions. Their robust financial metrics and promising project pipelines indicate continued growth and stability in the real estate sector.
DLF Ltd is a leading real estate company in India with 78 years of experience in real estate development.
Godrej Properties Ltd is India's largest listed developer by booking value in FY24, with a presence across India.
Prestige Estates Ltd is a prominent real estate developer in India with a presence across six major cities and other urban centres.
Information
Land banking involves the purchase of land for future use that has not yet been developed.
Urbanisation and infrastructure development are key drivers of land value appreciation.
Frequently Asked Questions
What is land banking?
Land banking involves the purchase of land for future use that has not yet been developed, taking into account the rise in value as a result of urbanisation or the acquisition of additional infrastructure.
Which companies are leading in land banking in India?
DLF Ltd, Godrej Properties Ltd, and Prestige Estates Ltd are leading real estate companies with strong financial metrics and promising project pipelines.
What is the market outlook for real estate in India?
The market outlook for real estate in India is positive, driven by urbanisation, infrastructure development, and strong demand for housing and commercial spaces.
What are the key drivers of land value appreciation?
Urbanisation and infrastructure development are key drivers of land value appreciation.
Which company has the largest land bank in India?
Godrej Properties Ltd has the largest land bank in India, with around 226 million square feet of saleable area across India.
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