India’s 28 major listed real estate companies recorded combined pre-sales, or sales bookings, of Rs 1.95 lakh crore during the 2025-26 financial year, marking a 17 per cent increase from over Rs 1.66 lakh crore in the preceding fiscal. The data, compiled from investor presentations of the 28 firms, reflects continued strength in housing demand across key markets. Godrej Properties retained its position as the largest listed realty firm by sales bookings in FY26, while Bengaluru-based Prestige Estates Projects Ltd moved up to second place, ahead of Mumbai-based Lodha Developers Ltd.
Among the 28 companies tracked, Godrej Properties reported sales bookings of Rs 34,171 crore in 2025-26, up from Rs 29,444 crore in 2024-25. Prestige Estates Projects Ltd saw a sharp jump to Rs 30,024 crore during 2025-26 from Rs 17,023 crore in the previous year. Lodha Developers Ltd, also known as Macrotech Developers, sold properties worth Rs 20,530 crore last fiscal, compared with Rs 17,630 crore in 2024-25. DLF Ltd, India’s largest real estate firm by market capitalisation, registered pre-sales of Rs 20,143 crore in FY26, slightly lower than Rs 21,223 crore in 2024-25. Signature Global achieved sales bookings of Rs 8,250 crore during FY26 as against Rs 10,290 crore in the preceding fiscal.
Market Concentration
The top five developers accounted for nearly 60 per cent of the total pre-sales reported by the 28 listed firms in FY26. While overall industry sales grew, performance across companies was mixed. Six of the 28 players recorded a decline in sales bookings during 2025-26 compared with the previous year. The concentration of sales among leading brands indicates a continuing shift in buyer preference toward developers with established delivery track records and stronger balance sheets. Market experts noted that the share of listed real estate developers in India’s primary housing market is rising as homebuyers prioritise financial capability and project execution certainty.
Property consultants attributed the growth in sales value last fiscal to two main factors: price appreciation across major residential markets and a higher proportion of launches in the luxury and premium housing segments. Developers have increasingly focused on upscale projects that command higher ticket sizes, contributing to the rise in total sales booking value even where unit volumes may not have grown at the same pace. The trend aligns with demand from end-users and investors for larger homes, better amenities, and branded developments in prime locations. This shift has been visible in Mumbai, Delhi-National Capital Region, Bengaluru, Pune and Hyderabad, which together contribute a large share of listed developers’ sales. Para5
Industry Outlook
According to market experts, the preference for listed players is driven by improved transparency, corporate governance, and access to capital that enables timely project completion. The Real Estate Regulation and Development Act has also strengthened buyer confidence in compliant developers. As a result, branded developers are gaining market share from unorganised players, particularly in metropolitan regions where regulatory oversight and consumer awareness are higher. The 17 per cent year-on-year growth in combined pre-sales for FY26 builds on the momentum seen in recent years, when listed firms expanded aggressively through new launches and land acquisitions.
The FY26 performance reinforces the leadership of pan-India developers with diversified portfolios. Godrej Properties maintains a presence across major cities including Mumbai, Delhi-National Capital Region, Bengaluru, Pune and Hyderabad. Prestige Estates Projects Ltd has a strong base in Bengaluru and has expanded in Mumbai, Hyderabad, and other southern markets. Lodha Developers Ltd operates primarily in the Mumbai Metropolitan Region and Pune. DLF Ltd has a significant footprint in Delhi-National Capital Region and is expanding in other cities. Signature Global focuses on affordable and mid-income housing in Delhi-National Capital Region. The geographic spread of these firms allows them to capture demand across multiple price points and customer segments.
Of the 28 major listed real estate companies tracked, 22 reported growth in sales bookings during 2025-26, while six witnessed a decline. The combined Rs 1.95 lakh crore pre-sales figure underscores the scale of organised real estate in India and its growing role in meeting urban housing demand. With homebuyers continuing to favour developers with delivery assurance, listed firms are expected to maintain their advantage in the primary market. The data suggests that consolidation in the sector is likely to continue, with financially strong, brand-led developers expanding their share of new launches and customer acquisitions in FY27 and beyond.
