India's Top Real Estate Companies Achieve Record INR 35,000 Cr Sales in June Quarter

India’s 21 leading listed real estate developers collectively sold properties worth nearly ₹35,000 crore in the June quarter, with Godrej Properties leading the charge with the highest sales bookings. This robust performance underscores the growing consumer demand, particularly for luxury homes.

Strong Growth in Residential Segment

Driven by the escalating consumer interest in residential properties, especially in the luxury sector, most of the major listed developers recorded significant annual growth in sales during the April-June quarter. The data, compiled from regulatory filings, highlights that these 21 key players reported combined sales bookings of ₹34,927.5 crore in the first quarter of the 2024-25 fiscal year.

Residential Segment Dominates Sales

The residential segment was the primary contributor to this surge, accounting for the bulk of pre-sales during this period. Among the developers, Godrej Properties stood out with pre-sales totaling ₹8,637 crore, making it the largest listed player in terms of sales bookings for the June quarter.

DLF and Macrotech Developers Show Strong Gains

DLF, India's largest realty firm by market capitalization, saw a remarkable more-than-threefold increase in its sale bookings, reaching ₹6,404 crore in the first quarter. Meanwhile, Mumbai-based Macrotech Developers, known for its ‘Lodha’ brand, recorded pre-sales of ₹4,030 crore, further bolstering the sector's performance.

Signature Global’s Impressive Surge

Gurugram-based Signature Global, a recent entrant to the listed segment, achieved an impressive ₹3,120 crore in sale bookings during the June quarter, marking a more than threefold increase from the same period last year.

Record Sales Highlight Market Resilience

The overall performance of India’s major listed real estate firms in the June quarter highlights the resilience and growth potential of the real estate market, particularly in the luxury residential sector. With consumer demand on the rise, these companies are well-positioned to capitalize on the continuing momentum.