18 top builders sell Rs 1.17T properties in FY24
Real Estate

18 top builders sell Rs 1.17T properties in FY24

During the last fiscal year, properties worth Rs 1.17 trillion were sold by eighteen major listed real estate developers. Godrej Properties emerged as the largest player with sales bookings amounting to Rs 225.27 billion.

It was noted that, except for a few realty players, all major developers had achieved higher sales bookings in 2023-24 compared to the preceding financial year. This surge was primarily attributed to strong demand for residential properties, particularly luxury homes, across major cities. Record pre-sales were achieved by many developers during the fiscal year, driven by an increase in consumer demand.

Data compiled from regulatory filings revealed that eighteen major listed realty firms reported combined sales bookings of about Rs 1.16 trillion in the 2023-24 fiscal, marking a 33 per cent increase from nearly Rs 880 billion in the preceding year. The majority of these pre-sales came from the residential segment.

Godrej Properties emerged as the largest listed player in the 2023-24 fiscal with pre-sales of Rs 225.27 billion, followed by Prestige Estates Projects, based in Bengaluru, with sales bookings of Rs 210.40 billion. DLF, the country's largest realty firm in terms of market capitalisation, achieved sales bookings of Rs 147.78 billion, while Mumbai-based Macrotech Developers, selling properties under the 'Lodha' brand, clocked pre-sales of Rs 145.20 billion.

Gurugram-based Signature Global, listed the previous year, performed exceptionally well, achieving sales bookings of Rs 72.70 billion, more than double from the preceding fiscal. Bengaluru-based firms Sobha and Brigade Enterprises sold properties worth Rs 66.44 billion and Rs 60.13 billion, respectively, during the last fiscal. Another Bengaluru-based realty company, Puravankara, achieved sales bookings of Rs 59.14 billion, closely following suit.

During the last fiscal year, properties worth Rs 1.17 trillion were sold by eighteen major listed real estate developers. Godrej Properties emerged as the largest player with sales bookings amounting to Rs 225.27 billion. It was noted that, except for a few realty players, all major developers had achieved higher sales bookings in 2023-24 compared to the preceding financial year. This surge was primarily attributed to strong demand for residential properties, particularly luxury homes, across major cities. Record pre-sales were achieved by many developers during the fiscal year, driven by an increase in consumer demand. Data compiled from regulatory filings revealed that eighteen major listed realty firms reported combined sales bookings of about Rs 1.16 trillion in the 2023-24 fiscal, marking a 33 per cent increase from nearly Rs 880 billion in the preceding year. The majority of these pre-sales came from the residential segment. Godrej Properties emerged as the largest listed player in the 2023-24 fiscal with pre-sales of Rs 225.27 billion, followed by Prestige Estates Projects, based in Bengaluru, with sales bookings of Rs 210.40 billion. DLF, the country's largest realty firm in terms of market capitalisation, achieved sales bookings of Rs 147.78 billion, while Mumbai-based Macrotech Developers, selling properties under the 'Lodha' brand, clocked pre-sales of Rs 145.20 billion. Gurugram-based Signature Global, listed the previous year, performed exceptionally well, achieving sales bookings of Rs 72.70 billion, more than double from the preceding fiscal. Bengaluru-based firms Sobha and Brigade Enterprises sold properties worth Rs 66.44 billion and Rs 60.13 billion, respectively, during the last fiscal. Another Bengaluru-based realty company, Puravankara, achieved sales bookings of Rs 59.14 billion, closely following suit.

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?