India’s listed real estate developers collectively clocked Rs53,000 crore in property sales during Q1 FY26, according to regulatory filings compiled by PTI. The surge reflects sustained demand for branded residential offerings, particularly in luxury and premium segments.
Prestige Estates Projects Ltd emerged as the top performer with Rs12,126.4 crore in pre-sales, driven by strong traction in Bengaluru. DLF Ltd, India’s largest realty firm by market cap, followed with Rs11,425 crore, led by luxury launches in Gurugram. Godrej Properties secured third place with Rs7,082 crore, ahead of Lodha Developers (Rs4,450 crore) and Signature Global (Rs2,640 crore). Together, these five accounted for 71% of total sales across 28 listed developers.
Mid-tier momentum was visible across players like:
- Sobha Ltd: Rs2,079 crore
- Omaxe Ltd: Rs2,001 crore
- Oberoi Realty: Rs1,639 crore
- Kalpataru Ltd: Rs1,249 crore
- Puravankara Ltd: Rs1,124 crore
- Brigade Enterprises: Rs1,118 crore
- Keystone Realtors (Rustomjee): Rs1,068 crore
Below Rs1,000 crore, notable names included Sunteck Realty (Rs657 crore), Kolte-Patil (Rs616 crore), Mahindra Lifespace (Rs449 crore), Shriram Properties (Rs441 crore), and Ashiana Housing (Rs431 crore). Smaller developers such as Aditya Birla Real Estate, Raymond Realty, TARC, Eldeco, Max Estates, Embassy, Arvind Smartspaces, Arihant Superstructures, Arkade, Ajmera Realty, and Suraj Estate posted sales between Rs80 crore and Rs422 crore.
Residential sales remained the sector’s backbone, with post-pandemic buyer sentiment favoring established brands amid concerns over project delays and financial risks. Analysts noted a structural shift toward volume and value, with branded players emerging as key beneficiaries.
In FY25, listed developers had sold Rs1.62 lakh crore worth of properties, with Godrej leading the charts. Prestige’s strong Q1 showing now positions it as a serious contender for FY26’s top spot, alongside DLF and Godrej.
However, revenue recognition will trail actual bookings, as inflows depend on project completion milestones—a reminder of the sector’s long cash cycle.
