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India’s residential property market continues its strong post-pandemic momentum, with listed realty firms witnessing a significant jump in sales bookings during the first half of FY26. As per regulatory disclosures, 28 major listed real estate developers collectively sold properties worth nearly ₹92,437 crore between April and September this year, reflecting homebuyers’ growing confidence in reputed brands and large-scale housing projects.
Bengaluru-based Prestige Estates Projects emerged as the top performer in terms of pre-sales, outperforming long-established giants across the country.
Strong Overall Performance Driven by Big Developers
The combined sales bookings of these realty firms underline a robust demand environment. Interestingly, just the top five developers accounted for nearly 70% of the total sales recorded by all 28 players.
Consumers are increasingly prioritizing delivery track records, financial stability, and brand assurance, a trend that continues to strengthen the market position of leading listed realty firms.
Also Read: Third-Party Flat Buyers Have No Rights Once Developer Is Removed, Rules HC
Top Realty Firms in H1 FY26 Prestige Takes the Lead
The top five companies dominated sales activity in the April–September period:
|
Rank |
Developer |
Sales Bookings (₹ crore) |
|
1 |
Prestige Estates Projects |
18,143.7 |
|
2 |
DLF Ltd |
15,757 |
|
3 |
Godrej Properties |
15,587 |
|
4 |
Lodha Group (Macrotech Developers) |
9,020 |
|
5 |
Signature Global |
4,650 |
Prestige’s continuous launch pipeline and strong response to its flagship townships helped it secure the top position. Meanwhile, DLF and Godrej Properties continued to maintain strong sales momentum driven by premium homes in major metros.
Several other realty firms, including Sobha, Brigade Enterprises, Oberoi Realty, Kalpataru, Puravankara, and Keystone Realtors, also registered healthy double-digit growth in pre-sales.
Why Listed Realty Firms Are Growing Faster
Several key drivers are supporting this strong performance:
- Shift toward trusted brands as homebuyers avoid risky developers
- Preference for larger homes and gated communities
- Higher uptake of premium and luxury housing
- Stable interest rates supporting affordability
- Investment momentum due to confidence in property price appreciation
The post-COVID structural shift toward homeownership continues to benefit well-established listed realty firms.
Segment Trends: Premium Housing on the Rise
Demand for mid-income and luxury homes remains the strongest growth segment. Developers reporting the highest sales largely operate in:
- Mumbai Metropolitan Region (MMR)
- National Capital Region (NCR)
- Bengaluru
- Pune
Affordable housing continues to see a slower recovery, but realty firms active across multiple pricing categories are capturing balanced demand.
Revenue Recognition Still Lagging Behind Sales
Despite strong bookings, revenues for these realty firms are recognized only as construction progresses, often with a lag of several quarters. This means that financial results might not immediately reflect current sales strength.
Additionally, many unlisted developers do not report pre-sales figures publicly, leaving the complete picture of India’s real estate demand largely underrepresented in formal data.
Also Read: Homebuyer’s Body Urges RERA Law Reforms, Seeks Rules to Verify Developer's Track Record
Future Outlook
Last year, 26 major listed realty firms sold properties worth ₹1.62 lakh crore. Given the current run rate, industry watchers expect FY26 to surpass those numbers.
Key growth drivers ahead include:
- Upcoming large township developments
- Investments flowing into redevelopment and luxury housing
- Significant participation from NRIs and investors
- Improved infrastructure in Tier 1 and Tier 2 cities
Strong brand visibility, timely project execution, and increasing consumer trust will remain the key pillars driving success for realty firms across the country, not only in H1 but throughout the fiscal year ahead. If market conditions stay stable, realty firms may close FY26 with record sales bookings.
Ans 1. India’s 28 major listed real estate developers collectively sold properties worth nearly ₹92,437 crore between April and September 2025–26.
Ans 2. Bengaluru-based Prestige Estates Projects topped the list with sales bookings of ₹18,143.7 crore, outperforming other leading developers like DLF and Godrej Properties.
Ans 3. The top five developers Prestige, DLF, Godrej Properties, Lodha Group, and Signature Global—contributed around 70% of the total sales recorded by all 28 firms.
Ans 4. Growth is driven by homebuyer’s preference for trusted brands, larger homes, gated communities, premium and luxury housing, stable interest rates, and investment demand due to expected property appreciation.
Ans 5. The strongest demand for mid-income and luxury housing comes from Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru, and Pune.
Ans 6. No. Revenues are recognized as construction progresses, often causing a lag between reported sales bookings and actual financial results.
Ans 7. With upcoming township projects, redevelopment and luxury housing, increased NRI participation, and infrastructure improvements, listed realty firms are expected to record even higher sales by the end of FY26.