Listed realty firms sell properties worth Rs 1.17 lakh crore in FY24
Real Estate

Listed realty firms sell properties worth Rs 1.17 lakh crore in FY24

During the last fiscal year, properties worth Rs 1.17 trillion were sold by eighteen major listed real estate developers. It was observed that Godrej Properties emerged as the largest player, posting Rs 225.27 billion in sales bookings. It was noted that most major developers had experienced higher sales bookings in 2023-24 compared to the previous financial year.

The increase in sales was largely attributed to strong demand for residential properties, particularly luxury homes, across major cities. Many developers recorded record pre-sales during the 2023-24 fiscal year, benefiting from a surge in consumer demand.

According to data compiled from regulatory filings, eighteen major listed realty firms reported combined sales bookings of about Rs 1.16 trillion in the 2023-24 fiscal, marking a 33 percent increase from nearly Rs 880 billion in the preceding year.

It was observed that the bulk of pre-sales in the combined bookings of nearly Rs 1.17 trillion came from the residential segment. Industry experts linked this surge in sales bookings among major listed players to robust housing demand post-COVID pandemic and a preference for companies with better track records in project execution.

In terms of sales bookings, Godrej Properties emerged as the largest listed player in the 2023-24 fiscal, with pre-sales of Rs 225.27 billion. Following closely, Prestige Estates Projects, headquartered in Bengaluru, achieved sales bookings of Rs 210.40 billion, making it the second-largest listed player.

DLF, the country's largest realty firm in terms of market capitalisation, reported sales bookings of Rs 147.78 billion in the last fiscal year. Macrotech Developers, based in Mumbai and selling properties under the 'Lodha' brand, recorded pre-sales of Rs 145.20 billion.

Signature Global, based in Gurugram and listed just last year, performed exceptionally well, achieving sales bookings of Rs 72.70 billion last fiscal, more than double from the preceding year. Bengaluru-based firms Sobha and Brigade Enterprises sold properties worth Rs 66.44 billion and Rs 60.13 billion, respectively.

Puravankara, another Bengaluru-based realty company, achieved sales bookings of Rs 59.14 billion. Oberoi Realty, based in Mumbai and focusing on the luxury segment, sold properties worth Rs 40.07 billion last fiscal. Pune-based Kolte-Patil recorded sales bookings of Rs 28.22 billion.

Mumbai's Mahindra Lifespace Developers and Keystone Realtors (Rustomjee) achieved sales bookings of Rs 23.28 billion and Rs 22.66 billion, respectively. Sunteck Realty, headquartered in Mumbai, reported sales worth Rs 19.15 billion.

Ashiana Housing, based in the national capital, achieved sales bookings of Rs 17.98 billion. Arvind Smartspaces, headquartered in Ahmedabad, reported sales of Rs 11.07 billion, while Ajmera Realty & Infrastructure, headquartered in Mumbai, recorded pre-sales of Rs 10.17 billion.

Eldeco Housing & Industries, based in Lucknow, sold properties worth Rs 3.88 billion, while Indiabulls Real Estate, headquartered in Mumbai, achieved sales of Rs 2.80 billion.

During the last fiscal year, properties worth Rs 1.17 trillion were sold by eighteen major listed real estate developers. It was observed that Godrej Properties emerged as the largest player, posting Rs 225.27 billion in sales bookings. It was noted that most major developers had experienced higher sales bookings in 2023-24 compared to the previous financial year. The increase in sales was largely attributed to strong demand for residential properties, particularly luxury homes, across major cities. Many developers recorded record pre-sales during the 2023-24 fiscal year, benefiting from a surge in consumer demand. According to data compiled from regulatory filings, eighteen major listed realty firms reported combined sales bookings of about Rs 1.16 trillion in the 2023-24 fiscal, marking a 33 percent increase from nearly Rs 880 billion in the preceding year. It was observed that the bulk of pre-sales in the combined bookings of nearly Rs 1.17 trillion came from the residential segment. Industry experts linked this surge in sales bookings among major listed players to robust housing demand post-COVID pandemic and a preference for companies with better track records in project execution. In terms of sales bookings, Godrej Properties emerged as the largest listed player in the 2023-24 fiscal, with pre-sales of Rs 225.27 billion. Following closely, Prestige Estates Projects, headquartered in Bengaluru, achieved sales bookings of Rs 210.40 billion, making it the second-largest listed player. DLF, the country's largest realty firm in terms of market capitalisation, reported sales bookings of Rs 147.78 billion in the last fiscal year. Macrotech Developers, based in Mumbai and selling properties under the 'Lodha' brand, recorded pre-sales of Rs 145.20 billion. Signature Global, based in Gurugram and listed just last year, performed exceptionally well, achieving sales bookings of Rs 72.70 billion last fiscal, more than double from the preceding year. Bengaluru-based firms Sobha and Brigade Enterprises sold properties worth Rs 66.44 billion and Rs 60.13 billion, respectively. Puravankara, another Bengaluru-based realty company, achieved sales bookings of Rs 59.14 billion. Oberoi Realty, based in Mumbai and focusing on the luxury segment, sold properties worth Rs 40.07 billion last fiscal. Pune-based Kolte-Patil recorded sales bookings of Rs 28.22 billion. Mumbai's Mahindra Lifespace Developers and Keystone Realtors (Rustomjee) achieved sales bookings of Rs 23.28 billion and Rs 22.66 billion, respectively. Sunteck Realty, headquartered in Mumbai, reported sales worth Rs 19.15 billion. Ashiana Housing, based in the national capital, achieved sales bookings of Rs 17.98 billion. Arvind Smartspaces, headquartered in Ahmedabad, reported sales of Rs 11.07 billion, while Ajmera Realty & Infrastructure, headquartered in Mumbai, recorded pre-sales of Rs 10.17 billion. Eldeco Housing & Industries, based in Lucknow, sold properties worth Rs 3.88 billion, while Indiabulls Real Estate, headquartered in Mumbai, achieved sales of Rs 2.80 billion.

Next Story
Technology

Constructive Automation

On most construction sites, the rhythm of progress is measured by the clang of steel, the hum of machinery and the sweat of thousands. But increasingly, new sounds are entering the mix: the quiet efficiency of algorithms, the hum of drones overhead, and the precision of robotic arms at work. Behind the concrete and cables, an invisible force is taking hold: data. It is turning blueprints into living simulations, managing fleets of machines, and helping engineers make decisions before a single brick is laid. This is not the construction of tomorrow; it is the architecture of today – built on ..

Next Story
Real Estate

Google India’s New Campus

India continues to cement its position as a global digital powerhouse – and Google’s latest milestone reinforces this trajectory with the inauguration of Ananta, one of its largest offices worldwide. CW explores the design, sustainability and construction aspects of this landmark campus in Bengaluru.Significance of AnantaLocated in Mahadevapura, Bengaluru, Ananta spans 1.6 million sq ft and is situated within Bagmane Tech Park. Named after the Sanskrit word for ‘infinite’, this state-of-the-art, 11-storey facility is Google’s fourth office in Bengaluru. It is designed to foster colla..

Next Story
Infrastructure Urban

Indian Delegation Visits South Africa for Trade and Investment Talks

A nine-member Indian delegation participated in the second session of the India-South Africa Joint Working Group on Trade and Investment (JWGTI) held in Pretoria from 22 to 23 April 2025. Discussions were conducted in a cordial atmosphere, focusing on expanding trade ties, boosting investments, and fostering greater people-to-people exchanges. The meeting was co-chaired by Malose Letsoalo, Chief Director, Bilateral Trade Relations, Department of Trade, Industry and Competition of South Africa, and Priya Nair, Economic Adviser, Department of Commerce, India. Delegates from the High Commission ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?