India’s largest publicly listed real estate developers posted a formidable performance in the first nine months of FY2025-26, collectively selling properties worth nearly ₹1.33 lakh crore, according to data compiled from regulatory filings. The numbers signal a market that is no longer just recovering from the pandemic shock but actively reshaping itself around higher-value homes and financially strong brands.
Leading the pack is Godrej Properties Ltd, which recorded sales bookings of ₹24,008 crore between April and December, the highest among listed peers. Close behind is Bengaluru-based Prestige Estates Projects Ltd at ₹22,327.3 crore, while DLF Ltd the country’s largest real estate firm by market capitalisation secured third place with ₹16,176 crore in pre-sales. Lodha Developers followed with ₹14,640 crore, and Signature Global reported ₹6,680 crore in bookings.
Together, these top five companies accounted for nearly ₹84,000 crore in sales, representing about 63% of the combined pre-sales achieved by 28 major listed developers during the period. The concentration underscores a structural shift in buyer behaviour: post-pandemic homebuyers are increasingly gravitating toward large, branded developers with proven execution records and stronger balance sheets.
Among other major players, Sobha Ltd posted sales of ₹6,096.7 crore and Brigade Enterprises ₹4,903 crore. Puravankara Ltd recorded ₹3,859 crore, while Mumbai-based Oberoi Realty and Kalpataru Ltd logged ₹3,774.09 crore and ₹3,447 crore respectively. Keystone Realtors, which markets projects under the Rustomjee brand, reported ₹2,676 crore in bookings, and Sunteck Realty added ₹2,093 crore. At the lower end of the list, Lucknow-based Eldeco Housing & Industries Ltd registered ₹361.2 crore in sales.
Industry analysts say the data reflects a broader trend that has defined the residential market since COVID-19: consolidation toward organised players. Buyers, wary of project delays and funding risks that plagued the sector in earlier cycles, are prioritising developers with stronger financial capabilities and reputations for timely delivery.
Another key insight lies in the divergence between sales value and sales volume. Property consultants such as Anarock, PropEquity and PropTiger note that while the number of homes sold in 2025 declined compared to the previous year, the overall value of transactions rose. The reason is twofold — steady price appreciation across major cities and a rising share of homes priced above ₹1 crore, especially in premium and luxury segments.
Sales bookings have become a closely watched performance metric for listed developers because they indicate demand momentum before revenue is formally recognised. Unlike bookings, revenue can only be recorded once projects reach defined construction milestones, meaning earnings often lag behind sales activity.
For context, 26 major listed real estate firms sold properties worth about ₹1.62 lakh crore in the full FY2024-25 financial year, with Godrej Properties emerging as the top seller then as well, clocking nearly ₹30,000 crore in bookings. If the current pace continues, the industry could approach or even surpass last year’s annual figure despite fewer homes being sold a sign that India’s housing market is shifting decisively toward higher ticket sizes rather than higher volumes.
Posted By
Ruchi Mane
info@houssed.com
Ruchi Mane is the Senior Editor at Houssed, leading the platform’s real estate news coverage. She tracks trends in India’s luxury property market while overseeing editorial strategy, PR outreach, and social media communication.