11 Leading Real Estate Firms See 18% Surge in Sales Bookings to Rs 1.48 Lakh Crore

Anarock reports that sales bookings for 11 top publicly traded real estate firms in India increased by 18% to Rs 1.48 lakh crore in the past fiscal year, driven by higher realisation.

A group of 11 prominent publicly traded real estate companies in India saw an 18% rise in sales bookings, amounting to Rs 1.48 lakh crore for the last fiscal year, as reported by Anarock. This increase is attributed to an improved realisation in the sector.

The companies counted in this growth include Godrej Properties, Prestige Estates, DLF, Lodha Developers, and several others. Anarock highlights that developers with strong portfolios in premium and luxury housing markets particularly drove this increase.

Godrej Properties, for instance, reported a rise in sales from Rs 29,444 crore to Rs 34,171 crore, while Prestige Estates witnessed sales growth from Rs 17,023 crore to Rs 30,024 crore. DLF and Signature Global, however, saw a decline in their sales bookings.

Anuj Puri, Anarock's Chairman, pointed out that India's residential real estate market is increasingly marked by developers expanding beyond their home markets to achieve multi-regional growth, thus contributing to the robust overall performance.