India’s real estate market is cooling off from the highs witnessed post-pandemic as housing sales declined by 8% in 2024. However, a noticeable shift in homebuyers’ preference towards listed developers is being seen resulting in these companies gaining market share and attracting homebuyers.
The latest listed developer to enter the Rs 10,000 pre-sales club is Gurugram-based Signature Global, which got listed on the stock market in September 2023.The company recorded its highest-ever annual pre-sales of Rs 10,290crore in FY25, registering a robust 42% year-on-year growth.
Regulatory filings suggests that the top four listed companies, Godrej Properties, Lodha, Prestige and Signature Global, have cumulatively sold close to Rs 1 lakh crore worth of properties in FY25. DLF is yet to announce its pre-sales numbers for FY25.
Pradeep Kumar Aggarwal, Chairman and Whole- Time Director said, “This achievement is not just a milestone, but a testament to the deep trust placed in us by our homebuyers, channel partners, and stakeholders. Our ability to anticipate market trends, launch timely projects in high-potential micro-markets, and consistently deliver value across the premium and mid-income segments has been central to this growth.”
Godrej Properties remained the top listed developers. The company recorded sales value of Rs 29,444 crore in FY25 as compared to Rs 22,527 crore in FY24, up 31%. This is the third consecutive year of Rs 10,000 crore plus in sales. In fact, its sales have more than doubled, from Rs 12,232 crore in FY23 to Rs 29,444 crore in FY25.
The stock of the company closed 2.08% up on BSE at Rs 2127.45 a piece on the BSE today.
Lodha saw sales of Rs 17,630 crore, up 21% from Rs 14520 crore in FY25. The company said, “it is the best ever year surpassing our annual guidance of Rs 17,500 crore.”The company’s focus is to deliver 20% Pre-sales CAGR to reach Rs 50,000 crore by FY31.
The stock of the company closed 0.08% up on BSE at Rs 1298.95 a piece on the BSE today.
Prestige recorded sales of Rs 17,023.10 crore, down 19% owing to deferred launches amid approval delays.
The stock of the company closed 0.33% up on BSE at Rs 1335.10 a piece on the BSE today.
DLF recorded sales of Rs 19,187 crore in 9M FY25. The company’s latest super luxury offering, The Dahlias in DLF 5, Gurugram, performedexceptionally well, garnering Rs 11,816 crore of new bookings in the opening quarter resulting in the company surpassing its annual guidance.
The stock of the company closed 0.46% up on BSE at Rs 679.80 a piece on the BSE today.
Signature Global recorded Rs 7270 crore of pre-sales in FY24 by selling 6.18 million sq. ft. In FY25, the company sold 8.26 million sq. ft.
“The stellar performance was underpinned by the launch of five new projects including ‘Daxin Vistas,’ a mid-income housing project in Sohna; ‘Titanium SPR’ and ‘Twin Tower DXP,’ premium group housing projects in Gurugram; and ‘City of Colors,’ a plotted development project, strategically located on NH-48 in strategic micro-markets, having a combined gross development value (GDV) of approximately Rs 13810crore, the company said in a regulatory filing.
The company’s average sales realization also improved to Rs 12,457 per sq. ft. in FY25 from Rs 11,762 in FY24.
The company has a strong presence in Gurugram and is continuously acquiring land to expand its presence.In FY25, it bought 48 acres in land in Gurugram for Rs 1070 crore; 16.16 acres in Sector 71 for Rs 283.09 crore, 25.62 acres in Sector 37D for Rs 670.15 crore and 5.94 acres in Sector 88A for Rs 116.07 crore.
The company also announced the acquisition of 8.39-acre land at Sector 37D, Gurugram, Haryana, near Dwarka Expressway at a cost of Rs 282.42 crore.
In the 9M FY25 investor presentation, the company had said it has a strong portfolio of 46.3 million sq. ft. across ongoing and forthcoming projects with 24.7 million sq. ft. in ongoing and recent launches and 21.6 million sq. ft. in forthcoming.
More than 90% of the company’s forthcoming projects will be in Gurugram.
The stock of the company closed 0.8% up on BSE at Rs 1142 a piece on the BSE today.
