India’s real estate sector continues to rebound robustly, with the country’s 26 major listed firms achieving combined property sales of approximately Rs 35,000 crore during the September quarter. This impressive performance was primarily driven by strong demand in the residential segment, underscoring the ongoing post-pandemic recovery.
Mumbai-based Godrej Properties led the charge, reporting Rs 5,198 crore in pre-sales for the quarter, followed by Macrotech Developers (Lodha) at Rs 4,290 crore. Max Estates secured Rs 4,100 crore in sales, driven by its presence in Delhi-NCR, while Bengaluru-based Prestige Estates Projects posted Rs 4,022.6 crore. Delhi-NCR witnessed strong demand, with Signature Global achieving Rs 2,780 crore in bookings, largely due to its housing projects in Gurugram. However, market leader DLF Ltd saw a sharp dip in pre-sales to Rs 692 crore from Rs 6,404 crore in the previous quarter, attributed to a lack of new launches.
Several mid-sized players also delivered solid performances. Brigade Enterprises reported Rs 1,821 crore in bookings, while Mumbai-based Oberoi Realty achieved Rs 1,442.46 crore. Aditya Birla Real Estate, Puravankara Ltd, and Sobha Ltd recorded Rs 1,412 crore, Rs 1,331 crore, and Rs 1,178.5 crore, respectively. The sector’s revival is fuelled by rising disposable incomes, a renewed focus on homeownership, and heightened demand for premium living spaces. Buyers are increasingly gravitating towards established developers known for their project execution capabilities.
A spokesperson for Sterling Developers noted, “The rapid growth of India’s housing sector reflects rising aspirations for quality homes with superior amenities. This is a golden opportunity for developers to innovate and meet consumer demand.” Despite the strong momentum, the dip in DLF’s sales highlights the critical role of consistent project launches. As housing prices rise and demand for larger, well-equipped homes grows, the sector is poised for sustained growth, driven by pent-up demand and a shift towards branded real estate players.
