Leading Realtors See Pre-Sales Boom in FY24
Real Estate

Leading Realtors See Pre-Sales Boom in FY24

Leading listed real estate developers are experiencing a significant surge in pre-sales in FY24, driven by robust demand and favourable market conditions. According to recent data, major realty firms like DLF, Lodha, and Godrej Properties have reported record pre-sales figures, reflecting a strong recovery in the housing sector.

DLF, one of the country's top real estate players, has recorded pre-sales of ?2,040 crore in the first quarter of FY24, marking a substantial year-on-year increase. Similarly, Macrotech Developers (Lodha) has seen pre-sales soar to ?3,300 crore, driven by high demand in both luxury and mid-income housing segments. Godrej Properties also reported impressive pre-sales, attributing the growth to new project launches and strategic sales initiatives.

The boom in pre-sales is largely attributed to a combination of factors including lower interest rates, increased consumer confidence, and a renewed focus on homeownership post-pandemic. Additionally, the implementation of the Real Estate (Regulation and Development) Act (RERA) has boosted buyer confidence by ensuring greater transparency and accountability in the sector.

Industry experts predict that this upward trend will continue, fueled by urbanisation, rising disposable incomes, and government incentives for affordable housing. Developers are optimistic about sustaining this growth momentum, with many planning to launch new projects and expand their footprints in key markets.

The positive pre-sales performance not only highlights the resilience of the real estate sector but also underscores its critical role in the overall economic recovery. As developers adapt to changing consumer preferences and market dynamics, the outlook for the real estate industry remains bullish for the remainder of FY24.

Leading listed real estate developers are experiencing a significant surge in pre-sales in FY24, driven by robust demand and favourable market conditions. According to recent data, major realty firms like DLF, Lodha, and Godrej Properties have reported record pre-sales figures, reflecting a strong recovery in the housing sector. DLF, one of the country's top real estate players, has recorded pre-sales of ?2,040 crore in the first quarter of FY24, marking a substantial year-on-year increase. Similarly, Macrotech Developers (Lodha) has seen pre-sales soar to ?3,300 crore, driven by high demand in both luxury and mid-income housing segments. Godrej Properties also reported impressive pre-sales, attributing the growth to new project launches and strategic sales initiatives. The boom in pre-sales is largely attributed to a combination of factors including lower interest rates, increased consumer confidence, and a renewed focus on homeownership post-pandemic. Additionally, the implementation of the Real Estate (Regulation and Development) Act (RERA) has boosted buyer confidence by ensuring greater transparency and accountability in the sector. Industry experts predict that this upward trend will continue, fueled by urbanisation, rising disposable incomes, and government incentives for affordable housing. Developers are optimistic about sustaining this growth momentum, with many planning to launch new projects and expand their footprints in key markets. The positive pre-sales performance not only highlights the resilience of the real estate sector but also underscores its critical role in the overall economic recovery. As developers adapt to changing consumer preferences and market dynamics, the outlook for the real estate industry remains bullish for the remainder of FY24.

Next Story
Real Estate

DRA Enters Rs 5 Billion Club, Redefines Chennai’s Housing Growth

DRA has become the fastest real estate developer in Chennai to cross the Rs 5 billion mark, clocking Rs 5.25 billion in revenue in FY 2024–25. This milestone marks the launch of DRA 2.0, its next growth phase, focused on tech-enabled, customer-first development rooted in local insight.To mark the achievement, DRA held a celebratory event with employees, customers, and stakeholders. Ranjeeth Rathod, Managing Director, presented the milestone, followed by a keynote from Yubi CEO Gaurav Kumar on innovation and trust.“Crossing the Rs 5.25 billion mark isn’t just a financial milestone – itâ..

Next Story
Infrastructure Transport

Servotech wins 4.1 MW solar order from East Coast Railway

Servotech Renewable Power System Ltd. (NSE: SERVOTECH) has secured a Rs 15.8 crore order to set up a 4.1 MW on-grid rooftop solar project for the Waltair Division of East Coast Railway, Visakhapatnam. The contract includes the design, supply, installation, and commissioning of solar PV plants at various locations across the division.The order aligns with Indian Railways’ broader mission to decarbonise operations by integrating renewable energy. Under this initiative, Servotech will deploy solar photovoltaic systems of varying capacities to support energy-efficient rail infrastructure.“We a..

Next Story
Real Estate

Realsee backs FIDOVN's VR-powered real estate leap in Vietnam

Realsee has partnered with Vietnam-based proptech platform FIDOVN to usher in a new era of virtual reality (VR)-driven real estate experiences in Southeast Asia. Backed by Realsee’s 3D reconstruction and spatial digitisation tech, FIDOVN has built the region’s first VR+AI+Data Hub OMO ecosystem—transforming how properties are marketed and sold in a post-pandemic, digital-first world.Powered by Realsee’s Galois 3D LiDAR Camera and G1 Smart Phone Gimbal, FIDOVN has digitised over 10,000 properties. Its interactive, immersive experiences allow prospective buyers to navigate listings remot..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?