The combined pre-sales revenue of India’s top 11 listed real estate developers rose 18 per cent to over Rs 1.48 lakh crore in FY26 from nearly Rs 1.26 lakh crore in FY25, according to ANAROCK Research.

The analysis covered Godrej Properties, Prestige Estates, DLF, Lodha, Signature Global, Brigade Enterprises, Puravankara, Oberoi Realty, Kolte-Patil, Keystone and Sobha. Developers with stronger exposure to premium and luxury housing recorded higher growth, led by Prestige Estates at 76 per cent, followed by Puravankara at 48 per cent, Keystone at 33 per cent and Sobha at 30 per cent.

ANAROCK said geographic diversification has become a key strategy for leading developers. Nearly 68 per cent of Godrej Properties’ FY26 pre-sales came from markets outside MMR, while Prestige Estates generated about 60 per cent of its pre-sales from markets beyond Bengaluru, including Mumbai, Hyderabad and NCR.

Lodha also reduced its dependence on MMR, with around 32 per cent of FY26 pre-sales coming from Pune and Bengaluru. South India-based developers such as Prestige Estates, Sobha, Brigade Enterprises and Puravankara are also expanding across MMR, NCR, Hyderabad and Pune.

However, DLF remained concentrated in NCR, which accounted for nearly 90 per cent of its FY26 pre-sales. Signature Global also remained NCR-focused. ANAROCK said multi-city expansion, especially in premium and luxury housing, is emerging as a key growth driver for listed developers.