HomeLatestFestive Boost Spurs Residential Sales in India’s Realty Market

Festive Boost Spurs Residential Sales in India’s Realty Market

The Indian real estate market has witnessed a significant uptick, with residential sales in October reaching a six-month high, reflecting strong consumer demand during the festive season. Brokerage firm Jefferies remains optimistic about the sector’s prospects, highlighting a notable shift towards established realty brands like Godrej Properties, Lodha, and DLF. As per recent data, 26 major listed developers recorded property sales worth nearly ₹35,000 crore in the September quarter, showcasing resilience amid economic challenges. This surge underscores the growing preference for trusted developers with proven track records.

Godrej Properties emerged as the standout performer, achieving pre-sales worth ₹5,198 crore in the July-September period, reaffirming its position as a market leader. Meanwhile, DLF, the largest realty firm by market capitalisation, saw its sales bookings drop to ₹692 crore due to a lack of new launches. However, DLF has ambitious plans to invest approximately ₹8,000 crore in “The Dahlias,” an ultra-luxury residential project in Gurugram. With 420 premium apartments planned, this marks DLF’s second foray into ultra-luxury housing following the success of “The Camellias.”

From a sustainability perspective, the market’s focus is shifting towards eco-conscious developments. Established players like Godrej and DLF are incorporating green building practices and energy-efficient designs, catering to buyers who prioritise sustainability. This trend aligns with global urbanisation goals and reinforces the sector’s commitment to sustainable growth. Additionally, upcoming projects are adopting innovative technologies to reduce environmental impact while enhancing urban living experiences.

Jefferies projects a robust second half for FY25, anticipating a 25% growth in pre-sales despite a subdued Q2. The report emphasises the importance of new launches in driving sales momentum. As urbanisation continues, India’s realty market is poised to evolve further, balancing luxury, sustainability, and civic needs to cater to an increasingly discerning buyer base.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -spot_img

Most Popular

Recent Comments

Delhi NCR Sees New Affordable Plotted Housing Push

Delhi NCR Sees New Affordable Plotted Housing Push

0
Delhi NCR’s housing market is witnessing a renewed push towards peripheral, master-planned developments as a large integrated township project opens plotted residential options in...
Indian Railways Drives Shift to Bulk Cement Logistics

Indian Railways Drives Shift to Bulk Cement Logistics

0
Indian Railways’ recalibration of freight pricing and logistics for bulk cement movement is beginning to reshape how one of India’s most carbon-intensive construction materials...
Ashiana Housing Expands Elder Living Footprint In Maharashtra

Ashiana Housing Expands Elder Living Footprint In Maharashtra

0
A listed residential developer has expanded its footprint in Maharashtra by securing a sizable land parcel in Raigad district, marking a strategic push into...
Standard Chartered Bank Divests Prime Office Asset In Mumbai BKC

Standard Chartered Bank Divests Prime Office Asset In Mumbai BKC

0
Mumbai’s Bandra Kurla Complex (BKC) has recorded another high-value commercial property transaction, underlining the continued strength of India’s most expensive office micro-market. A global...
RBI Allows Banks To Lend Real Estate Investment Trusts Directly

RBI Allows Banks To Lend Real Estate Investment Trusts Directly

0
India’s central bank has taken a significant step towards reshaping real estate finance by allowing banks to extend direct lending to Real Estate Investment...