‘India’s 26 major listed realty firms sell Rs 35,000 crore worth properties in Q2’
New Delhi: India's 26 major listed real estate firms have sold properties worth nearly Rs 35,000 crore during the September quarter with Godrej Properties reporting highest sales bookings.
According to the data compiled from regulatory filings, the 26 major listed realty firms have reported a combined sales bookings of Rs 34,985 crore in the second quarter of the current fiscal year. Bulk of pre-sales (sales bookings) came from residential segment.
In terms of sales bookings, Godrej Properties emerged as the largest listed player during July-September quarter with pre-sales of Rs 5,198 crore.
Mumbai-based Macrotech Developers Ltd, which sells properties under the Lodha brand, reported sales bookings of Rs 4,290 crore during the quarter under review.
Delhi-NCR-based Max Estates sold properties worth Rs 4,100 crore, while Bengaluru-based Prestige Estates Projects Ltd clocked sales bookings of Rs 4,022.6 crore during the quarter.
Delhi-NCR based Signature Global achieved sales bookings of Rs 2,780 crore in the September quarter, driven by strong demand for its housing projects at Gurugram.
DLF Ltd, the country's largest realty firm in terms of market capitalisation, sales bookings declined sharply during the July-September period to Rs 692 crore as it did not launch any new housing project.
Among other major listed players, Bengaluru-based Brigade Enterprises Ltd reported a sales bookings of Rs 1,821 crore during July-September period of this fiscal year, while Mumbai-based Oberoi Realty did pre-sales of Rs 1,442.46 crore.
Mumbai-based Aditya Birla Real Estate sold properties worth Rs 1,412 crore. Bengaluru-based Puravankara Ltd and Sobha Ltd clocked sales bookings of Rs 1,331 crore and Rs 1,178.5 crore, respectively.
Delhi-based TARC Ltd also performed well and achieved pre-sales of Rs 1,012 crore during the September quarter.
There were many players that reported sales between Rs 500 crore and Rs 1,000 crore during the second quarter of this fiscal year. Pune-based Kolte-Patil Developers Ltd sold properties worth Rs 770 crore, while Mumbai-based Keystone Realtors (Rustomjee brand) achieved pre-sales of Rs 700 crore.
Delhi-based Ashiana Housing Ltd reported sales bookings of Rs 673 crore during the September quarter while Bengaluru-based Shriram Properties clocked pre-sales of Rs 568 crore.
Mumbai-based firms Raymond Ltd and Sunteck Realty Ltd sold properties worth Rs 562 crore and Rs 524 crore, respectively. Among listed firms that booked less than Rs 500 crore, Ahmedabad-based Arvind Smartspaces sold properties worth Rs 464 crore during the July-September period.
Mumbai-based Mahindra Lifespace Developers Ltd achieved a sales bookings of Rs 397 crore. Mumbai-based realtors Arihant SuperstructuresLtd, Ajmera Realty & Infrastructure Ltd and Arkade Developers Ltd reported sales bookings of Rs 270.8 crore, Rs 254 crore and Rs 215 crore, respectively. Suraj Estate Developers sold properties worth Rs 107 crore, while Lucknow-based Eldeco Housing & Industries Ltd clocked pre-sales of Rs 102.9 crore. Mumbai-based Equinox India Developments Ltd (earlier Indiabulls Real Estate Ltd) achieved pre-sales of mere Rs 98 crore during the second quarter of this fiscal year.
