India’s Listed Realty Developers Post Record ₹53,000 Crore in Q1 Sales; Prestige Leads

India’s 28 listed real estate developers recorded combined sales bookings of ₹52,842 crore in Q1 FY26, led by Prestige Estates and DLF. Residential demand remains strong, with branded developers capturing the largest share.

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Summary

  • India's 28 listed real estate firms recorded nearly ₹53,000 crore in sales bookings during April–June FY26, with Prestige Estates leading at ₹12,126.4 crore, followed by DLF and Godrej Properties.
  • Top five developers—Prestige, DLF, Godrej Properties, Lodha Developers, and Signature Global—accounted for almost 71% of total sales, reflecting strong demand for luxury and premium housing in major cities.
  • Residential housing dominated sales, with buyers preferring established, branded developers, driving market consolidation and enabling large firms to capture a greater share of the sector.

India’s leading listed real estate developers recorded combined sales bookings of nearly ₹53,000 crore during the April–June quarter of FY26, highlighting the continued strength of the housing market across major cities. According to regulatory filings, the 28 publicly traded realty firms together achieved ₹52,842 crore in pre-sales, with Bengaluru-based Prestige Estates Projects Ltd emerging as the top performer.

Numbers  At a Glance

Top Performers (Q1 FY26 Sales Bookings)

  • Prestige Estates – ₹12,126.4 crore 
  • DLF Ltd – ₹11,425 crore 
  • Godrej Properties – ₹7,082 crore
  • Lodha Developers (Macrotech) 
  • Signature Global – ₹2,640 crore 

Mid-Tier Developers

  • Sobha Ltd – ₹2,079 crore
  • Omaxe Ltd – ₹2,001 crore
  • Oberoi Realty – ₹1,639 crore
  • Kalpataru Ltd – ₹1,249 crore
  • Puravankara Ltd – ₹1,124 crore
  • Brigade Enterprises – ₹1,118 crore
  • Keystone Realtors (Rustomjee) – ₹1,068 crore

Sub-₹1,000 Crore Segment

  • Sunteck Realty – ₹657 crore
  • Kolte-Patil Developers – ₹616 crore
  • Mahindra Lifespace – ₹449 crore
  • Shriram Properties – ₹441 crore
  • Ashiana Housing – ₹431 crore

Others

  • Aditya Birla Real Estate – ₹422.5 crore
  • Raymond Realty – ₹306 crore
  • TARC Ltd (Delhi NCR) – ₹225 crore
  • Eldeco Housing (Lucknow) – ₹221.11 crore
  • Max Estates – ₹220 crore
  • Embassy Developments – ₹198 crore
  • Arvind Smartspaces (Ahmedabad) – ₹175 crore
  • Arihant Superstructures – ₹150.6 crore
  • Arkade Developers – ₹142 crore
  • Ajmera Realty – ₹108 crore
  • Suraj Estate Developers – ₹81 crore

Prestige and DLF Leads

Prestige Estates secured sales bookings of ₹12,126.4 crore in the first quarter, placing it at the top of the list. The company has been expanding aggressively across Bengaluru, Mumbai, and Delhi NCR, benefiting from strong demand for luxury and premium housing.

DLF Ltd, India’s largest developer by market capitalization, ranked second with pre-sales of ₹11,425 crore. The majority of its quarterly sales were driven by luxury projects in Gurugram, underscoring the strength of the Delhi NCR market in absorbing high-value housing.

Mumbai-based Godrej Properties Ltd reported sales bookings worth ₹7,082 crore during the quarter, while Lodha Developers achieved ₹4,450 crore. Signature Global, a Delhi-NCR focused developer, sold properties worth ₹2,640 crore. Collectively, these top five developers accounted for nearly 71% of the total sales bookings reported by the 28 listed realty companies.

Residential Housing Dominates Demand

The majority of sales bookings came from residential properties, reaffirming the shift in consumer demand since the COVID-19 pandemic. Industry analysts note that buyers have become more risk-averse and are increasingly turning to branded developers with a proven track record of delivery. This trend has enabled larger firms to capture a higher share of the housing market compared to smaller or unlisted players.

Mid-Segment Developers Report Steady Numbers

Among other major developers, Bengaluru-based Sobha Ltd posted sales bookings of ₹2,079 crore, while Omaxe Ltd recorded ₹2,001 crore. Oberoi Realty Ltd reported ₹1,639 crore and Kalpataru Ltd achieved ₹1,249 crore in the June quarter.

Puravankara Ltd and Brigade Enterprises Ltd, both based in Bengaluru, sold properties worth ₹1,124 crore and ₹1,118 crore, respectively. Keystone Realtors Ltd, which operates under the Rustomjee brand in Mumbai, reported pre-sales of ₹1,068 crore.

Sub-₹1,000 Crore Segment

A number of listed firms posted sales below ₹1,000 crore. Sunteck Realty achieved ₹657 crore, Pune-based Kolte-Patil Developers Ltd reported ₹616 crore, and Mahindra Lifespace Developers Ltd clocked ₹449 crore. Shriram Properties Ltd reported pre-sales of ₹441 crore, while Ashiana Housing Ltd’s bookings stood at ₹431 crore.

Aditya Birla Real Estate Ltd and Raymond Realty Ltd posted sales of ₹422.5 crore and ₹306 crore, respectively. In Delhi NCR, TARC Ltd achieved ₹225 crore, while Lucknow-based Eldeco Housing & Industries Ltd sold properties worth ₹221.11 crore. Max Estates Ltd reported around ₹220 crore in sales.

Embassy Developments Ltd, another Bengaluru-based company, sold properties worth ₹198 crore. In Ahmedabad, Arvind Smartspaces Ltd reported bookings of ₹175 crore. Mumbai’s Arihant Superstructures Ltd, Arkade Developers Ltd, Ajmera Realty & Infrastructure Ltd, and Suraj Estate Developers Ltd posted pre-sales of ₹150.6 crore, ₹142 crore, ₹108 crore, and ₹81 crore, respectively.

Analysts note that sales bookings are an important metric of performance but do not immediately translate into revenue, as recognition is linked to project completion timelines. Despite this, the April–June quarter figures indicate that demand for residential housing remains strong across the country, with large developers benefitting disproportionately.

For FY25, 26 major listed realty firms together reported sales of ₹1.62 lakh crore. Godrej Properties Ltd emerged as the top developer during that fiscal, with nearly ₹30,000 crore worth of sales bookings.

The first quarter performance of FY26 suggests that momentum remains positive, with sustained demand in key urban centres such as Bengaluru, Mumbai, Pune, and Delhi NCR. Developers with strong brand equity and execution capability are expected to continue leading sales in the coming quarters, as the market consolidates further in favour of large, listed real estate companies.


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