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India's 28 listed real estate companies collectively achieved record sales bookings of nearly INR 53,000 crore during the April-June quarter of the current fiscal year, signaling a strong revival in the housing market. The stellar performance was led by Prestige Estates and DLF Ltd, which, with sales of INR 12,126 crore and INR 11,425 crore respectively, accounted for nearly half of the total. A notable trend from the data is a clear "flight to quality," as the top five branded developers cornered 71% of the total sales, reflecting a post-COVID preference among homebuyers for trusted, large-scale builders.
India's real estate market has started the new financial year on a high, with 28 listed real estate developers reporting a combined sales booking of INR 52,842 crore in the first quarter (April-June) of FY26. The remarkable performance underscores the sustained post-pandemic demand for residential properties and a growing consolidation of the market in favor of large, branded players. Advertisement
Prestige Estates Projects Ltd emerged as the top performer in this record-breaking quarter, reporting the highest pre-sales of INR 12,126.4 crore. The robust numbers were largely driven by the success of its newly launched project, The Prestige City, Indirapuram in Ghaziabad, which saw the majority of its inventory sold out at launch. DLF Ltd, the country's largest real estate developer, followed closely with sales bookings of INR 11,425 crore, supported by sustained demand for its luxury housing offerings, particularly its DLF Privana North project in Gurugram.
The sales data highlights a significant market shift, indicating a "flight to quality" among homebuyers. The top five developers-Prestige, DLF, Godrej Properties, Lodha Developers, and Signature Global-together contributed a massive 71% to the total sales bookings of the 28 firms. This trend reflects a post-COVID consumer behavior where homebuyers are increasingly opting for developers with a strong track record and brand reputation, thereby avoiding the risks associated with smaller, unlisted entities.
Beyond the top players, other notable companies also reported strong sales figures. Godrej Properties clocked sales of INR 7,082 crore, while Lodha Developers and Signature Global achieved sales bookings of INR 4,450 crore and INR 2,640 crore, respectively. The data also showed strong performances from Sobha Ltd (INR 2,079 crore), Omaxe Ltd (INR 2,001 crore), and Oberoi Realty Ltd (INR 1,639 crore), among others, demonstrating widespread positive sentiment in the housing market.
The strong start to the financial year, with a focus on luxury and mid-segment projects, sets a positive tone for the entire real estate sector. While sales bookings are a key performance metric, revenue recognition for these sales will be phased out as projects are completed, providing a continuous stream of income for the developers in the coming quarters.
Source- PTI
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