residential house
21 major listed companies involved in real estate development in the country collectively sold properties worth around Rs 35,000 crore during the April-June quarter. Among them, Godrej Properties has reported the highest number of sales bookings. Barring a few, all major listed real estate developers have shown year-on-year growth in sales bookings in the April-June quarter. This has been largely helped by strong consumer demand for housing, especially for luxury homes.
Godrej leads
According to data compiled from information provided to the stock exchange, 21 of India’s top listed real estate companies reported a combined sales booking of Rs 34,927.5 crore in the first quarter of the financial year 2024-25. Of these combined sales bookings, the bulk of sales came from the real estate sector. In terms of sales bookings, Godrej Properties emerged as the largest listed company with sales bookings of Rs 8,637 crore in the June quarter.
DLF and Lodha also on the list
The sales booking of DLF Limited, the country’s largest real estate company in terms of market capitalisation, in the first quarter of the current financial year has increased more than three times to Rs 6,404 crore. Mumbai-based Macrotech Developers, which sells properties under the brand name ‘Lodha’, registered sales bookings worth Rs 4,030 crore. Gurugram-based Signature Global, which has recently listed on the stock exchange, achieved sales bookings of Rs 3,120 crore in the June quarter, three times more than the same quarter last year.
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Prestige Estates sells apartments
Bengaluru-based Prestige Estates Projects posted sales bookings of Rs 3,029.5 crore in the June quarter, lower than the same period last year. Bengaluru-based Shobha Ltd and Brigade Enterprises sold assets worth Rs 1,874 crore and Rs 1,086 crore, respectively, during the April-June period this financial year. Bengaluru-based Purvankara Ltd posted sales bookings of Rs 1,128 crore, which remained almost stable compared to the same period last year.
