Real Estate Developers and Co-Working Firms Gear Up for IPO Boom in 2025

Real Estate Companies Go Public Amid Post-Pandemic Growth

At least six real estate firms, including developers and co-working companies, plan to launch IPOs this year, capitalizing on strong sectoral growth.

High-Value Approvals and Listings

Chennai-based Casagrand has received SEBI approval for a ₹1,100 crore IPO, while NCR-based Gaurs Group, Central Park, and BPTP are preparing to file draft papers.

Post-Pandemic IPO Momentum

The real estate sector raised ₹13,500 crore through IPOs in 2024, almost double the funds raised in 2023, reflecting strong investor confidence and a more organized market.

Key Drivers:

Residential, Commercial, and REITs Housing finance companies (HFCs) led IPO traction with a 46% share, followed by REITs with 22%.

Residential developers also saw a 10-fold increase in funds raised over the past four years.

Co-Working Spaces Join the IPO Trend

Flexible workspace providers like Awfis, Smartworks, and WeWork India are making significant moves, reflecting demand growth in this sector.

Facts and Figures:

Realty IPO Growth: ₹13,500 crore raised in 2024, nearly double compared to 2023.

Post-Pandemic Success: 21 realty IPOs raised ₹31,900 crore (2021-2024), more than double the ₹13,500 crore raised during 2017-2020.

Segment Breakdown:

Housing Finance Companies (HFCs): 46% share of funds raised.

REITs: 22% share.

Residential Developers: ₹5,600 crore raised, a 10-fold increase from 2017-2020.

Upcoming IPOs: Casagrand (₹1,100 crore approved), Gaurs Group, Central Park, BPTP in the pipeline.

Co-Working IPOs:

Awfis listed recently; Smartworks, WeWork India, Bhive, Tablespace, Incuspaze preparing IPOs.

Market Drivers: Strong demand in residential, commercial, and retail real estate segments.