18 top builders sell Rs 1.17T properties in FY24

03 Jun 2024 CW Team

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.

Infrastructure Urban

07 Jul 2026

IHC and Adani to Invest US$11.5 bn in Odisha Aluminium Project

Abu Dhabi's International Holding Company (IHC) will invest US$11.5 bn in an integrated aluminium project in the eastern Indian state of Odisha in a joint venture with the Adani Group, a state official said. The official said the announcement represented the country's largest foreign investment in mining and metallurgy. Officials said the venture would span both mining and metallurgical activities across several facilities in the state. The project has been described as integrated, encompassing upstream bauxite extraction and downstream smelting and metallurgy, and is intended to develop a com..

Air India and SIAEC to Explore MRO Joint Venture in India

Air India and SIA Engineering Company (SIAEC) have signed a memorandum of understanding (MoU) to explore the formation of a maintenance, repair and overhaul joint venture in India. The MoU, signed on Friday, will examine collaboration to develop India as a global aviation MRO hub and to serve growing needs across the Indian and regional markets. SIA Engineering Company, part of the Singapore Airlines Group which holds a 25.1 per cent stake in Air India, will bring technical expertise alongside Air India's established airline operations network. The partnership builds on existing cooperation be..

Assam and Centre Review Aviation Projects Push Silchar Airport Approval

Assam and the Centre on Thursday, July two reviewed a series of aviation infrastructure projects aimed at strengthening air connectivity across the state, with the proposed greenfield airport at Silchar emerging as a key priority. The review formed part of broader efforts to position Assam as a major aviation and logistics hub for the north east. Officials outlined timelines and preparatory work that they said would guide the next stages of project approvals. The Chief Minister met the Union Civil Aviation Minister at Rajiv Gandhi Bhavan in New Delhi and described the meeting as very productiv..