India’s Listed Developers Lead Residential Real Estate Growth in FY 24-25

A significant shift is being witnessed in the Indian real estate landscape—homebuyers are increasingly aligning themselves with developers known for consistent project delivery and uncompromising quality standards. This trend is particularly noticeable in the performance of listed entities that have demonstrated reliability and professionalism, winning the trust of both domestic and global buyers.

A glance at the annual performance of reputed listed Indian real estate companies confirms this growing preference for trusted names. According to a regulatory filing, for the fiscal year 2024-25, Godrej Properties posted an impressive 31% year-on-year surge in sales, reaching ₹29,444 crore—a strong indicator of market confidence in the brand’s ability to deliver on promises.

Another key player, Macrotech Developers, also reported robust numbers. The Mumbai-headquartered firm registered sales bookings worth ₹17,630 crore for the financial year ending March 31, 2025, reflecting a healthy 21% annual growth. This reinforces the broader sentiment of buyers gravitating towards developers with a credible track record.

This surge in performance is not limited to Mumbai-based companies. DLF Limited, headquartered in Delhi, also saw remarkable momentum. Surpassing its initial sales guidance of ₹17,000 crore within just the first nine months of FY25, DLF has clearly benefited from sustained buyer trust in its offerings.

Signature Global (India) Ltd. further underscored this industry-wide trend with exceptional performance. The company reported pre-sales of ₹10,290 crore for FY25, marking a substantial 42% increase over the previous fiscal. The company’s leadership attributes this success to strong market demand and strategic product positioning.

“The year 2024-25 was a phenomenal one for us. We easily achieved the guidance by clocking a pre-sales to the tune of Rs 10,290 crore. We received phenomenal response for all our offerings from various stakeholders and with interest rates inching downwards, we are confident about the continuation of the sales momentum,” said Mr. Ravi Aggarwal, Co-founder & Managing Director, Signature Global (India) Ltd.

Looking ahead, the company has ambitious plans.

“In FY26, we plan to launch projects worth Rs 17,000 crore and are targeting pre-sales of Rs 12,500 crore. While most new launches in the region are priced at Rs 8-10 crore, Signature Global remains committed to providing homes to the maximum number of people, and as such, we will continue to focus on launching homes at prime locations in Gurugram in the price range of Rs 2-5 crore,” Mr. Aggarwal added.

The surge in demand is also being strongly felt in the premium housing segment, driven by discerning buyers including High Net-worth Individuals (HNIs) and Non-Resident Indians (NRIs). As the appetite for luxurious, well-designed living spaces increases, developers are responding with offerings that meet the expectations of these niche segments.

“The surge in demand for premium properties, especially from HNIs and NRIs, is a clear testament to the strong shift in market sentiment towards quality living experiences. Developers who recognise this trend are consistently aligning their offerings with the aspirations of discerning buyers who seek world-class design, timely delivery, and a lifestyle that is truly unmatched,” said Mr. Ashok Kapur, Chairman, Krishna Group and Krisumi Corporation.

The preference for reputed, listed developers is also being reinforced by external assessments. A recent ICRA research report highlighted that as larger and more reputable real estate companies continue to gain market share, their growth is expected to outpace the broader industry average. This bodes well for homebuyers seeking reliability in a market that has long grappled with project delays and regulatory uncertainties.

On the demand front, NRIs are fast emerging as a key buyer segment, not only attracted by the investment potential but also by a strong emotional and cultural connection to their homeland. Many NRIs now view real estate investment in India as a strategic move for long-term wealth preservation.

A recent GRI Club report supports this observation, noting that NRIs are increasingly turning to the Indian luxury real estate segment as a stable and rewarding investment avenue. Their interest is especially strong in premium and high-value properties located in top Indian metros and scenic destinations.

“Share of NRI investment in newly launched projects in major metros continues to rise substantially and with India remaining an attractive destination, the NRIs are expected to continue their trust on the vibrant Indian real estate,” says Mr. Aggarwal.

Cities such as Mumbai, Gurugram, Hyderabad, and Bangalore are among the top destinations drawing NRI attention. In particular, Gurugram has emerged as a hub for premium and luxury developments. Within the city, micro-markets like the Southern Peripheral Road (SPR), Dwarka Expressway, and Sohna are expected to outperform others, buoyed by superior connectivity, infrastructural development, and strategic positioning.

As this trend deepens, the Indian real estate market appears to be undergoing a phase of consolidation—where quality, credibility, and transparency are emerging as the defining benchmarks for success. This structural shift not only builds confidence among end-users but also strengthens India’s position as a credible destination for global real estate investment.