India's Top Realty Firms Post Record Rs 1.48 Lakh Crore in Sales Amid Multi-City Expansion in FY26

Indian Real Estate Developers Post 18% Rise in Pre-Sales

The country's top listed real estate developers have reported a combined 18% rise in pre-sales, reaching Rs 1.48 lakh crore in FY26, up from Rs 1.26 lakh crore in the previous year. According to an analysis by ANAROCK Research, released on May 29, companies that expanded beyond their home markets significantly outperformed regional peers.

Developers such as Prestige Estates, Godrej Properties, Lodha, and Puravankara posted strong sales growth, as they tapped demand in multiple cities. Firms with a largely single-market focus saw slower growth or declines in sales. The study covered developers including Godrej Properties, Prestige Estates, DLF, Lodha (Macrotech Developers), Signature Global, Brigade Enterprises, Puravankara, Oberoi Realty, Kolte-Patil, Keystone Realtors (Rustomjee), and Sobha Ltd.

The data shows that developers with a broader geographic presence and a strong premium housing portfolio outperformed peers during the year. Luxury-focused developers led the growth, with Prestige Estates emerging as the fastest-growing developer among the listed players.

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Prestige Estates recorded a 76% surge in pre-sales to Rs 30,024 crore from Rs 17,023 crore in FY25. Puravankara recorded a 48% increase in pre-sales at Rs 7,407 crore, while Keystone Realtors grew 33% to Rs 4,022 crore and Sobha a 30% rise at Rs 8,135 crore.

Godrej Properties and Lodha also posted growth of 16% each, with pre-sales reaching Rs 34,171 crore and Rs 20,530 crore, respectively. However, some developers with a regional focus saw slower growth. DLF's pre-sales declined 5% to Rs 20,143 crore, while Signature Global reported a 20% fall at Rs 8,250 crore.

The growth highlights a shift in strategy for leading developers, who are looking to reduce dependence on traditional strongholds and expanding into high-growth residential markets such as Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru, Hyderabad, Pune, and Chennai. Godrej Properties has emerged as one of the most geographically diversified developers, with nearly 68% of its FY26 pre-sales coming from markets outside MMR.

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Prestige Estates has also significantly reduced its reliance on Bengaluru. While nearly 90% of its pre-sales originated from Bengaluru in FY21, the city's contribution fell to around 40% in FY26, with Mumbai, Hyderabad, and NCR becoming increasingly important growth markets.

The trend suggests that India's residential sector is witnessing the emergence of national-scale developers, with geographic diversification and premium housing increasingly becoming the twin engines of growth for listed real estate companies.