Listed Real Estate Giants Log ₹92,437 Crore Property Sales in First Half of FY26

India's 28 leading listed real estate developers have reportedly recorded property sales worth ₹92,437 crore during the first half of the current financial year, spanning April to September 2025, according to industry reports. This performance reflects continued momentum in the sector, driven by robust housing demand and growing preference for established branded developers.

Top Five Developers Dominate with Nearly 70% Market Share

Industry sources indicate that the highest booking during the six-month period was reported by a leading southern developer, which registered ₹18,143.7 crore in pre-sales. The second and third positions were closely contested, with developers logging ₹15,757 crore and ₹15,587 crore respectively. A fourth major player recorded ₹9,020 crore in bookings, while the fifth developer reported ₹5,090 crore. Collectively, these top five developers contributed over ₹63,000 crore, accounting for nearly 70% of the total sales among the 28 companies analyzed.

This concentration of market share among leading players underscores the trend toward resilient home sales in India despite broader economic headwinds, with buyers increasingly gravitating toward developers with proven track records.

Mid-Tier and Smaller Developers Show Varied Performance

Other notable performances in the real estate sector included developers with bookings of ₹3,981 crore, ₹3,152 crore, ₹2,937.74 crore, ₹2,577 crore, and ₹2,455 crore, according to market data. Several mid-tier players reported figures ranging between ₹1,000 crore to ₹2,000 crore, while smaller developers posted bookings below ₹1,000 crore, with the lowest recorded at ₹234 crore.

Strong Buyer Confidence in Established Brands

The data reportedly reflects strong buyer confidence in established names, with larger firms benefiting from superior brand recall, better execution capabilities, and regulatory compliance under RERA. Despite broader economic uncertainties, end-user and investor interest remains high in residential real estate, particularly in metro and tier-1 cities including Mumbai, Delhi-NCR, Bengaluru, Hyderabad, Chennai, and Pune.

Market analysts suggest that the preference for established developers in major cities is driven by factors such as timely project delivery, transparent business practices, and compliance with regulatory frameworks that protect homebuyer interests.

Understanding Pre-Sales as Performance Metric

It is important to note that sales bookings, also known as pre-sales, do not immediately translate into revenue recognition, as this depends on construction progress and final handover of units. However, pre-sales remain a key performance metric and a forward-looking indicator of financial health in the real estate sector.

Industry experts note that pre-sales figures provide valuable insights into market demand, project viability, and the overall health of India's real estate sector, which has shown remarkable resilience in recent years.

Industry Poised to Match or Exceed Previous Year's Performance

In the previous financial year, major listed real estate companies had collectively posted over ₹1.6 lakh crore in sales bookings, according to industry reports. With over ₹92,000 crore already achieved in the first half of FY26, the industry appears poised to meet or surpass last year's figures if current trends continue through the second half of the financial year.

The strong performance in H1 FY26 also reflects broader trends in the Indian real estate market, including increased NRI investments, growing demand for luxury properties, and sustained interest from both end-users and investors seeking long-term value appreciation.

Market observers suggest that factors such as improving infrastructure, favorable financial planning for property investment, and evolving urban lifestyles continue to drive demand across India's major real estate markets.

Disclaimer: This article is based on information from industry reports and public disclosures. Readers are advised to conduct their own research and consult with financial advisors before making any investment decisions in real estate. Pre-sales figures represent bookings and may not directly correspond to realized revenues. Market conditions and developer performance can vary significantly based on multiple factors including location, project execution, and economic conditions.