During the last fiscal year, properties worth Rs 1.17 trillion were sold by eighteen major listed real estate developers. It was observed that Godrej Properties emerged as the largest player, posting Rs 225.27 billion in sales bookings. It was noted that most major developers had experienced higher sales bookings in 2023-24 compared to the previous financial year.

The increase in sales was largely attributed to strong demand for residential properties, particularly luxury homes, across major cities. Many developers recorded record pre-sales during the 2023-24 fiscal year, benefiting from a surge in consumer demand.

According to data compiled from regulatory filings, eighteen major listed realty firms reported combined sales bookings of about Rs 1.16 trillion in the 2023-24 fiscal, marking a 33 percent increase from nearly Rs 880 billion in the preceding year.

It was observed that the bulk of pre-sales in the combined bookings of nearly Rs 1.17 trillion came from the residential segment. Industry experts linked this surge in sales bookings among major listed players to robust housing demand post-COVID pandemic and a preference for companies with better track records in project execution.

In terms of sales bookings, Godrej Properties emerged as the largest listed player in the 2023-24 fiscal, with pre-sales of Rs 225.27 billion. Following closely, Prestige Estates Projects, headquartered in Bengaluru, achieved sales bookings of Rs 210.40 billion, making it the second-largest listed player.

DLF, the country's largest realty firm in terms of market capitalisation, reported sales bookings of Rs 147.78 billion in the last fiscal year. Macrotech Developers, based in Mumbai and selling properties under the 'Lodha' brand, recorded pre-sales of Rs 145.20 billion.

Signature Global, based in Gurugram and listed just last year, performed exceptionally well, achieving sales bookings of Rs 72.70 billion last fiscal, more than double from the preceding year. Bengaluru-based firms Sobha and Brigade Enterprises sold properties worth Rs 66.44 billion and Rs 60.13 billion, respectively.

Puravankara, another Bengaluru-based realty company, achieved sales bookings of Rs 59.14 billion. Oberoi Realty, based in Mumbai and focusing on the luxury segment, sold properties worth Rs 40.07 billion last fiscal. Pune-based Kolte-Patil recorded sales bookings of Rs 28.22 billion.

Mumbai's Mahindra Lifespace Developers and Keystone Realtors (Rustomjee) achieved sales bookings of Rs 23.28 billion and Rs 22.66 billion, respectively. Sunteck Realty, headquartered in Mumbai, reported sales worth Rs 19.15 billion.

Ashiana Housing, based in the national capital, achieved sales bookings of Rs 17.98 billion. Arvind Smartspaces, headquartered in Ahmedabad, reported sales of Rs 11.07 billion, while Ajmera Realty & Infrastructure, headquartered in Mumbai, recorded pre-sales of Rs 10.17 billion.

Eldeco Housing & Industries, based in Lucknow, sold properties worth Rs 3.88 billion, while Indiabulls Real Estate, headquartered in Mumbai, achieved sales of Rs 2.80 billion.