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India's 26 major listed realty firms sell ₹35,000 crore worth properties in Q2; Godrej Properties at top

State : Delhi / On : 11/25/2024 2:27:07 PM /
IndiRera

Housing market is witnessing a shift in consumer demand towards those realty companies and brands which have better track record of executing real estate projects

According to the data compiled from regulatory filings, the 26 major listed realty firms have reported a combined sales booking of ₹34,985 crore in the second quarter of the current fiscal year. Bulk of pre-sales (sales bookings) came from residential segment.

In terms of sales bookings, Godrej Properties emerged as the largest listed player during July-September quarter with pre-sales of ₹5,198 crore.

Mumbai-based Macrotech Developers Ltd, which sells properties under the Lodha brand, reported sales bookings of ₹4,290 crore during the quarter under review.

Delhi-NCR-based Max Estates sold properties worth ₹4,100 crore, while Bengaluru-based Prestige Estates Projects Ltd clocked sales bookings of ₹4,022.6 crore during the quarter.

Delhi-NCR based Signature Global achieved sales bookings of ₹2,780 crore in the September quarter, driven by strong demand for its housing projects at Gurugram.

DLF Ltd, the country's largest realty firm in terms of market capitalisation, sales bookings declined sharply during the July-September period to ₹692 crore as it did not launch any new housing project.

Among other major listed players, Bengaluru-based Brigade Enterprises Ltd reported a sales bookings of ₹1,821 crore during July-September period of this fiscal year, while Mumbai-based Oberoi Realty did pre-sales of ₹1,442.46 crore.

Mumbai-based Aditya Birla Real Estate sold properties worth ₹1,412 crore.

Bengaluru-based Puravankara Ltd and Sobha Ltd clocked sales bookings of ₹1,331 crore and ₹1,178.5 crore, respectively.

Delhi-based TARC Ltd also performed well and achieved pre-sales of ₹1,012 crore during the September quarter.

There were many players that reported sales between ₹500 crore and ₹1,000 crore during the second quarter of this fiscal year.

Pune-based Kolte-Patil Developers Ltd sold properties worth ₹770 crore, while Mumbai-based Keystone Realtors (Rustomjee brand) achieved pre-sales of ₹700 crore.

Delhi-based Ashiana Housing Ltd reported sales bookings of ₹673 crore during the September quarter while Bengaluru-based Shriram Properties clocked pre-sales of ₹568 crore.

Mumbai-based firms Raymond Ltd and Sunteck Realty Ltd sold properties worth ₹562 crore and ₹524 crore, respectively.

Among listed firms that booked less than ₹500 crore, Ahmedabad-based Arvind Smartspaces sold properties worth ₹464 crore during the July-September period.

Mumbai-based Mahindra Lifespace Developers Ltd achieved a sales bookings of ₹397 crore.

Mumbai-based realtors Arihant Superstructures LtdAjmera Realty & Infrastructure Ltd and Arkade Developers Ltd reported sales bookings of ₹270.8 crore, ₹254 crore and ₹215 crore, respectively.

Suraj Estate Developers sold properties worth ₹107 crore, while Lucknow-based Eldeco Housing & Industries Ltd clocked pre-sales of ₹102.9 crore.

Mumbai-based Equinox India Developments Ltd (earlier Indiabulls Real Estate Ltd) achieved pre-sales of mere ₹98 crore during the second quarter of this fiscal year.

Read more at: https://www.thehindubusinessline.com/news/real-estate/indias-26-major-listed-realty-firms-sell-35000-crore-worth-properties-in-q2-godrej-properties-at-top/article68905198.ece

Source: https://www.thehindubusinessline.com/