Archive · 13 Jun 2025
Indian Real Estate Developers Report Steady Quarter Amid Challenges
Real estate companies in India did okay at the end of the fiscal year, even though it was a little slower than before.
While sales of homes went down, developers still made a lot of sales before the homes were built.
However, the costs of building and advertising went up, which made it harder for them to make as much money.
Some companies did better than others, and they expect things to stay steady in the future.
Top Indian real estate developers reported steady growth in Q4FY25, supported by strong pre-sales.
Housing sales declined 28% year-on-year in key Indian cities during Q4FY25.
Pre-sales growth varied among developers, with Prestige Estates Projects leading.
Ebitda margins contracted due to rising construction costs and marketing expenses.
Developers expect continued demand and pre-sales momentum in FY26.
- Who
- Top listed real estate developers including Macrotech Developers (Lodha), DLF, Godrej Properties, Prestige Estates Projects, Oberoi Realty.
- What
- Performance of India's top listed real estate developers in Q4FY25.
- When
- Q4FY25.
- Where
- Key Indian cities.
- Why
- To analyze the impact of rising housing prices and market trends on the real estate sector.
Market Slowdown Concerns
Developer Optimism
Market Outlook
Market Slowdown Concerns
Rising housing prices and geopolitical uncertainties are negatively impacting sales and launches.
Developer Optimism
Developers expect continued demand and pre-sales momentum, anticipating benefits from market consolidation.
- Housing Sales Decline (Q4FY25)
- 28% Y-o-Y
- New Project Launches Decline (Q4FY25)
- 10% Y-o-Y
- Pre-sales Growth (DLF)
- 39%
- Pre-sales Growth (Godrej Properties)
- 7% Y-o-Y
- Pre-sales Growth (Prestige)
- 48%
- Godrej Properties Pre-sales Value
- Rs 10,163 crore
- Ebitda Margin Contraction
- 100-150 basis points
- FY26 Booking Growth Projection
- 8-10%