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News: Listed Developers’ Pre-Sales Drop 21% to Rs 39,964 Crore-23-08-2026

Combined sales bookings of 28 major listed real estate companies fell 21 per cent to Rs 39,964 crore in the first quarter of 2026-27, from Rs 50,900 crore a year earlier, according to data compiled from investor presentations. Volumes were lower as some large developers held back housing launches amid global economic uncertainties. Housing accounted for the bulk of the bookings.

Godrej Properties was the largest by sales bookings, selling properties worth Rs 8,651 crore against Rs 7,082 crore a year ago. Prestige Estates Projects Ltd of Bengaluru came second with Rs 6,579.3 crore, down from Rs 12,126.4 crore. Lodha Developers Ltd’s pre-sales rose to Rs 4,630 crore from Rs 4,450 crore, and Sobha Ltd’s jumped to Rs 3,656 crore from Rs 2,079 crore. Signature Global Ltd was fifth, though its sales fell to Rs 1,970 crore from Rs 2,640 crore.

DLF Ltd, the country’s largest realty firm by market capitalisation, saw bookings plunge to Rs 657 crore from Rs 11,425 crore. It launched no project in the quarter.

Of the 28 companies, 19 reported growth: Godrej Properties, Lodha, Sobha, Max Estates, Puravankara, Kalpataru, Embassy Developments, Mahindra Lifespace, Raymond Realty, Sunteck Realty, Kolte-Patil, Shriram Properties, Ajmera Realty, Arvind SmartSpaces, TARC, Sri Lotus Developers, Arihant Superstructures, Arkade and Suraj Estate. The data lists DLF, Prestige, Oberoi Realty, Signature Global, Aditya Birla Real Estate, Brigade, Ashiana Housing and Eldeco among the nine that reported a decline.

Among the gainers, Puravankara Ltd rose to Rs 1,439 crore from Rs 1,124 crore and Kalpataru Ltd to Rs 1,329 crore from Rs 1,249 crore. Max Estates shot up to Rs 1,093 crore from Rs 217 crore. Mahindra Lifespace Developers Ltd more than doubled to Rs 925 crore from Rs 449 crore, and Embassy Developments Ltd climbed to Rs 868 crore from Rs 198 crore. Sunteck Realty Ltd grew to Rs 787 crore from Rs 657 crore, Raymond Realty Ltd to Rs 700 crore from Rs 306 crore, and TARC Ltd to Rs 602 crore from Rs 225 crore. Kolte-Patil Developers Ltd was nearly flat at Rs 617 crore against Rs 616 crore.

Shriram Properties Ltd reported Rs 484 crore against Rs 441 crore, Arvind SmartSpaces Ltd Rs 432 crore against Rs 175 crore, and Sri Lotus Developers Ltd Rs 409 crore against Rs 61 crore. Arihant Superstructures Ltd rose to Rs 173.1 crore from Rs 150.6 crore, Arkade Developers Ltd to Rs 155.1 crore from Rs 142 crore, Ajmera Realty & Infrastructure Ltd to Rs 146 crore from Rs 108 crore, and Suraj Estate Developers Ltd to Rs 141 crore from Rs 81 crore.

On the other side, Brigade Enterprises Ltd dipped to Rs 1,061 crore from Rs 1,118 crore and Oberoi Realty Ltd to Rs 1,049.88 crore from Rs 1,638.68 crore. Keystone Realtors Ltd fell to Rs 617 crore from Rs 1,068 crore. Ashiana Housing Ltd, which focuses on senior living, dropped to Rs 358 crore from Rs 431 crore, and Aditya Birla Real Estate Ltd (ABREL) to Rs 329 crore from Rs 422 crore. Eldeco Housing & Industries Ltd of Lucknow fell to Rs 105.7 crore from Rs 221.1 crore.

Real estate consultants attributed the collective fall to the absence of fresh launches by key companies, a high base and cautious buyer sentiment linked to the West Asia conflict. They hoped sales would revive from the second quarter.

Many listed players do not report sales bookings, and unlisted developers generally do not disclose them. Revenue from these bookings is recognised on project completion.

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