Table of Content
▲
India's top listed realty firms have recorded robust sales performance in the first nine months of FY26, clocking nearly ₹1.33 lakh crore in combined pre-sales. The strong numbers reflect sustained demand for premium and luxury housing across major cities, even as overall housing volumes show signs of moderation.
Between April and December of FY26, India's top listed realty firms collectively achieved sales bookings of ₹1,32,569 crore, according to regulatory disclosures. The performance underlines the growing dominance of organised and publicly listed developers in India’s residential property market.
Strong Sales Momentum in FY26
The ₹1.33 lakh crore milestone highlights how India's top listed realty firms continue to consolidate market share. Demand remained particularly strong in the premium and upper-mid housing segments, where buyers are willing to pay higher prices for brand credibility, timely delivery, and superior amenities.
The top five developers alone accounted for nearly ₹84,000 crore in pre-sales, representing approximately 63% of the total sales generated by India's top listed realty firms during the period. This concentration indicates increasing consolidation within the organised real estate sector.
Compared to the previous financial year, when 26 major listed players recorded ₹1.62 lakh crore in annual sales, the current trajectory suggests that FY26 could match or potentially exceed last year’s performance if momentum continues.
Also Read: Property Liable for Seller’s Arbitral Debt Despite Change in Ownership: SC rules
Top Performers Lead the Pack
Among India's top listed realty firms, Godrej Properties Ltd emerged as the highest performer, registering sales bookings of ₹24,008 crore during April–December FY26.
It was followed by:
- Prestige Estates Projects Ltd – ₹22,327.3 crore
- DLF Ltd – ₹16,176 crore
- Lodha Developers – ₹14,640 crore
- Signature Global – ₹6,680 crore
These companies continue to benefit from strong brand recognition, execution capability, and premium project launches in high-demand micro-markets.
The dominance of these players reinforces how India's top listed realty firms are increasingly shaping residential demand trends in metropolitan cities.
Regional Developers Add Significant Strength
Beyond the top five, several regional players also posted impressive numbers, contributing to the overall strength of India's top listed realty firms.
Bengaluru-Based Developers
- Sobha Ltd – ₹6,096.7 crore
- Brigade Enterprises – ₹4,903 crore
- Puravankara Ltd – ₹3,859 crore
- Shriram Properties Ltd – ₹1,691 crore
Mumbai-Based Developers
- Oberoi Realty – ₹3,774.09 crore
- Kalpataru Ltd – ₹3,447 crore
- Keystone Realtors (Rustomjee brand) – ₹2,676 crore
- Sunteck Realty – ₹2,093 crore
- Raymond Realty – ₹1,504 crore
- Ajmera Realty – ₹1,431 crore
NCR and Other Cities
- Max Estates Ltd – ₹1,900 crore
- Ashiana Housing Ltd – ₹1,131.44 crore
- TARC Ltd – ₹977 crore
- Arvind Smartspaces Ltd – ₹938 crore
- Eldeco Housing & Industries Ltd – ₹361.2 crore
The diversified geographic presence of India's top listed realty firms demonstrates that demand remains strong across multiple urban clusters.
Why Listed Developers Are Gaining Market Share
Since the COVID-19 pandemic, homebuyers have increasingly preferred financially stable and transparent developers. India's top listed realty firms benefit from:
- Strong balance sheets
- Regulatory compliance
- Better access to funding
- Higher construction credibility
- On-time project delivery
As a result, branded and listed developers have steadily gained market share from smaller, unorganised players.
Buyers today prioritise reliability and long-term asset security, giving India's top listed realty firms a competitive edge.
Value Growth Outpaces Volume Growth
While property consultants indicate that housing sales volumes softened during calendar year 2025, sales values have increased. The rise in transaction value is attributed to:
- Price appreciation post-pandemic
- Increased launches in premium and luxury segments
- Higher share of homes priced above ₹1 crore
This premiumisation trend has significantly boosted the revenue performance of India's top listed realty firms, even in a slower volume environment.
Also Read: Gurugram Surpasses Mumbai as India’s Leading Luxury Housing Market Amid Rising HNI and NRI Demand
Revenue Recognition and Market Outlook
It is important to note that sales bookings (pre-sales) are recognised as revenue only upon project completion. Therefore, the financial impact of the strong pre-sales numbers reported by India's top listed realty firms will reflect progressively over the coming years.
The continued consolidation among organised developers suggests:
- Stronger compliance standards
- Higher transparency
- Increased institutional participation
- Sustainable long-term growth
If demand in premium and mid-income housing segments remains stable, India's top listed realty firms are likely to maintain their growth trajectory in the final quarter of FY26.
Conclusion
The ₹1.33 lakh crore pre-sales achievement in April–December FY26 underscores the resilience and growing dominance of India's top listed realty firms. Driven by premium housing demand, brand trust, and financial strength, these developers continue to reshape India’s residential market landscape.
As consolidation deepens and buyers gravitate toward established brands, India's top listed realty firms are positioned to play an even more central role in defining the next phase of urban housing growth in India.
Ans 1. India’s 28 listed real estate companies recorded nearly ₹1.33 lakh crore in combined pre-sales between April and December FY26, reflecting strong demand in premium and luxury housing segments.
Ans 2. Godrej Properties Ltd led the chart with ₹24,008 crore in sales bookings during the first nine months of FY26.
Ans 3. Major contributors include Prestige Estates Projects Ltd, DLF Ltd, Lodha Developers, and Signature Global, collectively accounting for a significant share of total pre-sales.
Ans 4. Homebuyers prefer financially strong and transparent developers with better execution capability, regulatory compliance, and on-time delivery, giving listed firms a clear advantage over unorganised players.
Ans 5. Yes, while overall housing volumes have moderated, the total sales value has increased due to price appreciation and a higher share of premium and luxury home sales.
Ans 6. Major metropolitan regions including Mumbai, Bengaluru, NCR, and other Tier-1 urban clusters continue to drive strong sales performance for organised developers.
Ans 7. Pre-sales refer to the total value of property bookings made by buyers before project completion, and this revenue is recognised only when construction milestones are achieved.
Ans 8. If current momentum continues in premium and mid-income segments, FY26 could match or potentially exceed the previous financial year’s total annual sales.
Ans 9. Premiumisation trends, higher property prices, and strong demand for branded developments have increased the overall transaction value, boosting revenue growth for listed developers.
Ans 10. The strong performance signals deeper consolidation, greater transparency, and sustained long-term growth led by organised and publicly listed developers.