18 top builders sell Rs 1.17T properties in FY24
Real Estate

18 top builders sell Rs 1.17T properties in FY24

During the last fiscal year, properties worth Rs 1.17 trillion were sold by eighteen major listed real estate developers. Godrej Properties emerged as the largest player with sales bookings amounting to Rs 225.27 billion.

It was noted that, except for a few realty players, all major developers had achieved higher sales bookings in 2023-24 compared to the preceding financial year. This surge was primarily attributed to strong demand for residential properties, particularly luxury homes, across major cities. Record pre-sales were achieved by many developers during the fiscal year, driven by an increase in consumer demand.

Data compiled from regulatory filings revealed that eighteen major listed realty firms reported combined sales bookings of about Rs 1.16 trillion in the 2023-24 fiscal, marking a 33 per cent increase from nearly Rs 880 billion in the preceding year. The majority of these pre-sales came from the residential segment.

Godrej Properties emerged as the largest listed player in the 2023-24 fiscal with pre-sales of Rs 225.27 billion, followed by Prestige Estates Projects, based in Bengaluru, with sales bookings of Rs 210.40 billion. DLF, the country's largest realty firm in terms of market capitalisation, achieved sales bookings of Rs 147.78 billion, while Mumbai-based Macrotech Developers, selling properties under the 'Lodha' brand, clocked pre-sales of Rs 145.20 billion.

Gurugram-based Signature Global, listed the previous year, performed exceptionally well, achieving sales bookings of Rs 72.70 billion, more than double from the preceding fiscal. Bengaluru-based firms Sobha and Brigade Enterprises sold properties worth Rs 66.44 billion and Rs 60.13 billion, respectively, during the last fiscal. Another Bengaluru-based realty company, Puravankara, achieved sales bookings of Rs 59.14 billion, closely following suit.

The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com

During the last fiscal year, properties worth Rs 1.17 trillion were sold by eighteen major listed real estate developers. Godrej Properties emerged as the largest player with sales bookings amounting to Rs 225.27 billion. It was noted that, except for a few realty players, all major developers had achieved higher sales bookings in 2023-24 compared to the preceding financial year. This surge was primarily attributed to strong demand for residential properties, particularly luxury homes, across major cities. Record pre-sales were achieved by many developers during the fiscal year, driven by an increase in consumer demand. Data compiled from regulatory filings revealed that eighteen major listed realty firms reported combined sales bookings of about Rs 1.16 trillion in the 2023-24 fiscal, marking a 33 per cent increase from nearly Rs 880 billion in the preceding year. The majority of these pre-sales came from the residential segment. Godrej Properties emerged as the largest listed player in the 2023-24 fiscal with pre-sales of Rs 225.27 billion, followed by Prestige Estates Projects, based in Bengaluru, with sales bookings of Rs 210.40 billion. DLF, the country's largest realty firm in terms of market capitalisation, achieved sales bookings of Rs 147.78 billion, while Mumbai-based Macrotech Developers, selling properties under the 'Lodha' brand, clocked pre-sales of Rs 145.20 billion. Gurugram-based Signature Global, listed the previous year, performed exceptionally well, achieving sales bookings of Rs 72.70 billion, more than double from the preceding fiscal. Bengaluru-based firms Sobha and Brigade Enterprises sold properties worth Rs 66.44 billion and Rs 60.13 billion, respectively, during the last fiscal. Another Bengaluru-based realty company, Puravankara, achieved sales bookings of Rs 59.14 billion, closely following suit.

Next Story
Real Estate

Singapore's CapitaLand Plans Major India Expansion

CapitaLand Investment Limited (CLI), one of Singapore's largest real estate investment managers, has announced plans to significantly expand its investments in India. The company aims to more than double its India portfolio by 2028, signaling its confidence in the country?s burgeoning real estate market. Current Portfolio and Growth Target: CLI currently manages assets worth USD 3.3 billion in India. With its sights set on future growth, the company is targeting a dramatic increase in its India investment kitty to over USD 7 billion by 2028. This move comes as part of a broader strategy to ca..

Next Story
Infrastructure Transport

Air India MRO Facility Key Hub

Air India has launched a state-of-the-art Maintenance, Repair, and Overhaul (MRO) facility at Bengaluru Airport City, establishing a crucial hub for aircraft servicing in India?s burgeoning aviation sector. This new MRO facility aims to enhance Air India?s operational capabilities, improve turnaround times for aircraft maintenance, and reduce reliance on overseas servicing. Strategic Importance of Bengaluru: The facility, located at the Kempegowda International Airport (KIA) in Bengaluru, is strategically positioned to serve as a critical aviation hub. Bengaluru is a key center for both domest..

Next Story
Infrastructure Transport

BMC Notifies Properties for Water Tunnel

The Brihanmumbai Municipal Corporation (BMC) has initiated a crucial step in Mumbai's infrastructure development by notifying several properties for its ambitious underground water tunnel project. This project aims to bolster the city's water supply system, ensuring a more reliable and efficient distribution network. Project Overview: The underground water tunnel project is designed to address Mumbai's increasing demand for water by creating a robust network of tunnels deep below the surface. This tunnel system will transport water from reservoirs directly to various parts of the city, signif..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000