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
Infrastructure Energy

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Next Story
Real Estate

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world..

Next Story
Real Estate

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App