New Delhi: India’s 26 major listed real estate companies have sold properties worth more than Rs 71,000 crore during the first six months of the current financial year. Among these, Godrej Properties has recorded the highest sales booking. According to data compiled from stock exchange filings, 26 major listed realty companies recorded total sales bookings of Rs 71,219 crore during the April-September half of 2024-25. the bulk of sales bookings came from residential properties. In terms of sales bookings, Godrej Properties emerged as the largest listed company in the first half of the current financial year with a figure of Rs 13,835 crore. In the same period a year ago, the company had registered sales bookings of Rs 7,288 crore. Mumbai-based Macrotech Developers Ltd, which sells properties under the Lodha brand, recorded sales bookings worth Rs 8,320 crore during April-September this year.
Godrej’s housing project worth Rs 7,000 crore is in danger, government raised objection, know what is the matter
How many flats did DLF sell?
DLF Limited, the contry’s largest realty firm in terms of market capitalization, sold properties worth Rs 7,094 crore. after this, Prestige Estates Projects Limited of Bengaluru sold properties worth rs 7,052 crore and Signature Global of Delhi-NCR sold properties worth Rs 5,900 crore. This was followed by Max Estates (Rs 4,100 crore), Bengaluru-based sobha Ltd (Rs 3,188.5 crore) and Brigade enterprises (Rs 2,906.6 crore). Mumbai-based company Oberoi Realty made sales booking of Rs 2,509.45 crore and Purvankara made sales booking of Rs 2,459 crore.
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How do government policies influence home buying trends in India’s property market?
Interview wiht Real Estate Expert: Unpacking India’s Property Market Surge
Editor, Time.news: Good morning, and thank you for joining us today. we have with us Dr.Priya Mehta, a renowned real estate expert, to discuss the recent significant sales trends in India’s real estate sector.
Editor: Dr. Mehta, we’ve seen that India’s 26 major listed real estate companies have recorded sales exceeding Rs 71,000 crore in the first half of the financial year 2024-25. What do you think are the key drivers behind this surge?
Dr. Mehta: Good morning! The remarkable sales figure of Rs 71,219 crore largely stems from a robust demand for residential properties. Factors such as low-interest rates on home loans, increased consumer confidence post-pandemic, and government incentives on housing are certainly fueling this growth. Additionally, urbanization and a growing preference for owning homes are of great meaning.
Editor: Godrej Properties stands out as the highest-selling player with sales bookings of Rs 13,835 crore. what do you think distinguishes Godrej from its competitors?
dr.Mehta: Godrej Properties has established a strong brand reputation over the years, emphasizing quality, sustainability, and innovation in their projects.Their strategic investments in prime locations also position them favorably in a competitive market. Furthermore,their impressive year-on-year growth from Rs 7,288 crore to Rs 13,835 crore suggests a triumphant response to market demands and consumer preferences.
Editor: It’s interesting to note that companies like DLF and Macrotech Developers have also posted substantial sales. How do their strategies differ in today’s market?
Dr. Mehta: Each real estate firm has its own approach. For instance, DLF, as the leading firm in terms of market capitalization, focuses on a mix of residential and commercial projects, capitalizing on the resurgence of office spaces as businesses return to pre-COVID operations. Conversely, Macrotech primarily targets the affordable housing segment under the Lodha brand, which is highly sought after by first-time buyers. This diversification is crucial in capturing wider market segments.
Editor: You mentioned the government incentives earlier. Could you elaborate on any recent policy changes that might have impacted sales in the real estate sector?
Dr. Mehta: Certainly! The government’s initiatives,such as the Pradhan mantri Awas Yojana (PMAY),rationalizing tax benefits,and easing the regulatory framework for property acquisitions,have played a pivotal role in enhancing affordability and accessibility for buyers. Moreover, addressing the liquidity concerns faced by developers through measures like the SWAMIH fund is essential for sustaining growth.
Editor: With the market thriving, are there any potential risks or concerns that buyers and investors should be aware of?
Dr. Mehta: While the current habitat is promising, buyers need to remain cautious. Economic fluctuations, regulatory challenges, and potential overvaluation of properties are among the risks that could impact future sales.Moreover, the recent concern regarding Godrej’s Rs 7,000 crore housing project facing government objections highlights the importance of due diligence and compliance with local regulations.
Editor: For prospective homebuyers or investors looking to navigate this booming market, what practical advice would you offer?
Dr. Mehta: I would advise buyers to conduct thorough research on the developers, evaluate project approvals meticulously, and stay updated on market trends. Engaging with financial advisors and real estate consultants can provide invaluable insights. It’s also beneficial to be patient and not rush into purchases, as the market can be volatile.
Editor: Thank you, Dr. Mehta, for sharing such valuable insights into the current real estate landscape in India. Your expertise helps clarify some of the complexities potential buyers and investors face today.
Dr. mehta: Thank you for having me. It’s always a pleasure to discuss these critically important topics, and I hope this information aids your readers in making informed decisions in the real estate market.