1 week ago
Realty Firms’ June-Quarter Sales Bookings Fall, Godrej Leads
Real-estate companies sell homes and other properties.
In the April-June quarter of FY27, 28 major listed developers booked ₹39,964 crore in sales.
That was 21% lower than the ₹50,900 crore booked a year earlier.
Godrej Properties had the highest bookings at ₹8,651 crore.
Prestige Estates Projects and DLF saw notable declines, and DLF launched no project during the quarter.
Some companies, including Sobha, Max Estates and Mahindra Lifespace, reported strong growth.
Overall, 19 companies grew while nine declined.
Consultants said fewer launches, cautious buyers and global uncertainty hurt sales, but they expect improvement in the next quarter.
Sales bookings of 28 major listed developers fell 21% to ₹39,964 crore in Q1 FY27 from ₹50,900 crore a year earlier.
Godrej Properties topped the chart with bookings of ₹8,651 crore, up from ₹7,082 crore.
Prestige Estates Projects ranked second at ₹6,579.3 crore, while DLF’s bookings plunged to ₹657 crore after no June-quarter project launch.
Lodha Developers, Sobha, Max Estates, Mahindra Lifespace and several others reported higher pre-sales.
Nineteen developers recorded growth and nine reported declines; consultants expect momentum to improve from the second quarter.
- Who
- Twenty-eight major listed real-estate developers, led by Godrej Properties.
- What
- Their combined sales bookings fell 21% to ₹39,964 crore in Q1 FY27.
- Where
- New Delhi; the figures cover major listed real-estate developers.
- When
- April-June quarter of FY27, compared with the year-ago quarter.
- Why
- Lower sales volumes, fewer project launches, a high year-ago base and cautious homebuyer sentiment amid global economic uncertainty weighed on bookings.
Growth Signals
Aggregate Weakness
Company performance
Growth Signals
Nineteen of the 28 developers reported higher pre-sales, with strong increases at Godrej Properties, Sobha, Max Estates and Mahindra Lifespace.
Aggregate Weakness
The group’s combined bookings fell 21%, with sharp declines at Prestige Estates Projects and DLF.
Sector outlook
Growth Signals
Industry consultants expect sales momentum to improve from the second quarter.
Aggregate Weakness
Consultants attributed the current weakness to fewer launches, a high year-ago comparison base, cautious buyers and global economic uncertainty.
Key facts
- Total Q1 FY27 bookings
- ₹39,964 crore
- Year-ago bookings
- ₹50,900 crore
- Year-on-year change
- Down 21%
- Top developer
- Godrej Properties, with ₹8,651 crore in bookings
- Second-ranked developer
- Prestige Estates Projects, with ₹6,579.3 crore
- Developers reporting growth
- 19 of 28
- Developers reporting declines
- 9 of 28
- Expected outlook
- Industry consultants expect sales momentum to improve from the second quarter
Sources
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