India's 26 major listed realty firms sell Rs 35,000 crore worth properties in Q2; Godrej Properties at top

India's 26 large listed existent property firms person sold properties worthy astir Rs 35,000 crore during the September 4th with Godrej Properties reporting highest income bookings.

According to the information compiled from regulatory filings, the 26 large listed realty firms person reported a combined income bookings of Rs 34,985 crore successful the 2nd 4th of the existent fiscal year.

Bulk of pre-sales (sales bookings) came from residential segment. In presumption of income bookings, Godrej Properties emerged arsenic the largest listed subordinate during July-September 4th with pre-sales of Rs 5,198 crore.

Mumbai-based Macrotech Developers Ltd, which sells properties nether the Lodha brand, reported income bookings of Rs 4,290 crore during the 4th nether review.

Delhi-NCR-based Max Estates sold properties worthy Rs 4,100 crore, portion Bengaluru-based Prestige Estates Projects Ltd clocked income bookings of Rs 4,022.6 crore during the quarter.

Delhi-NCR based Signature Global achieved income bookings of Rs 2,780 crore successful the September quarter, driven by beardown request for its lodging projects astatine Gurugram.

DLF Ltd, the country's largest realty steadfast successful presumption of marketplace capitalisation, income bookings declined sharply during the July-September play to Rs 692 crore arsenic it did not motorboat immoderate caller lodging project.

Among different large listed players, Bengaluru-based Brigade Enterprises Ltd reported a income bookings of Rs 1,821 crore during July-September play of this fiscal year, portion Mumbai-based Oberoi Realty did pre-sales of Rs 1,442.46 crore.

Mumbai-based Aditya Birla Real Estate sold properties worthy Rs 1,412 crore. Bengaluru-based Puravankara Ltd and Sobha Ltd clocked income bookings of Rs 1,331 crore and Rs 1,178.5 crore, respectively.

Delhi-based TARC Ltd besides performed good and achieved pre-sales of Rs 1,012 crore during the September quarter. There were galore players that reported income betwixt Rs 500 crore and Rs 1,000 crore during the 2nd 4th of this fiscal year.

Pune-based Kolte-Patil Developers Ltd sold properties worthy Rs 770 crore, portion Mumbai-based Keystone Realtors (Rustomjee brand) achieved pre-sales of Rs 700 crore.

Delhi-based Ashiana Housing Ltd reported income bookings of Rs 673 crore during the September 4th portion Bengaluru-based Shriram Properties clocked pre-sales of Rs 568 crore.

Mumbai-based firms Raymond Ltd and Sunteck Realty Ltd sold properties worthy Rs 562 crore and Rs 524 crore, respectively. Among listed firms that booked little than Rs 500 crore, Ahmedabad-based Arvind Smartspaces sold properties worthy Rs 464 crore during the July-September period.

Mumbai-based Mahindra Lifespace Developers Ltd achieved a income bookings of Rs 397 crore. Mumbai-based realtors Arihant SuperstructuresLtd, Ajmera Realty & Infrastructure Ltd and Arkade Developers Ltd reported income bookings of Rs 270.8 crore, Rs 254 crore and Rs 215 crore, respectively.

Suraj Estate Developers sold properties worthy Rs 107 crore, portion Lucknow-based Eldeco Housing & Industries Ltd clocked pre-sales of Rs 102.9 crore.

Mumbai-based Equinox India Developments Ltd (earlier Indiabulls Real Estate Ltd) achieved pre-sales of specified Rs 98 crore during the 2nd 4th of this fiscal year.

Sales bookings of galore listed entities person declined successful the 2nd 4th of 2024-25 due to the fact that of inauspicious Shraadh period, monsoon rainfall and besides deficiency of regulatory approvals to motorboat their projects.

For example, DLF Ltd's pre-sales plunged to Rs 692 crore successful the September 4th from Rs 6,404 crore successful the archetypal 4th of this fiscal.

Sales bookings information of galore listed players was not disposable connected the banal exchanges. Post-Covid pandemic, the residential existent property conception has revived powerfully due to the fact that of pent-up request increasing tendency to person homeownership.

Housing prices excessively person appreciated significantly. Housing marketplace is witnessing a displacement successful user request towards those realty companies and brands which person amended way grounds of executing existent property projects.

Real property developers, which are not listed connected banal exchanges, mostly bash not study their quarterly and yearly income bookings.

Branded and reputed players, including some listed and unlisted ones, person benefited astir successful this revival rhythm arsenic homebuyers bash not privation to instrumentality hazard of getting stuck successful existent property projects aft making payments.

Thousands of buyers of galore NCR-based builders, similar Unitech and Jaypee Infratech, are stuck and warring ineligible cases successful existent property regulatory authorities astatine the state-level, tribunals, and courts.