28 Listed Developers Record ₹39,964 Crore Q1 Sales

India’s 28 major listed real estate companies collectively recorded ₹39,964 crore in sales bookings during April-June 2026.

That represents a 21% decline from ₹50,900 crore during the same period last year.

However, the numbers reveal considerable variation between developers. Nineteen companies reported higher pre-sales, while nine recorded declines.

Godrej Properties led the listed sector with ₹8,651 crore in sales bookings. Prestige Estates followed with ₹6,579.3 crore, while Lodha Developers recorded ₹4,630 crore.

One of the clearest examples of the impact of launch timing came from DLF. Its sales bookings fell to ₹657 crore from ₹11,425 crore in the year-ago quarter, during a quarter in which it did not launch a new project.

Among Mumbai-focused companies, performance was mixed. Oberoi Realty’s bookings declined to approximately ₹1,050 crore from ₹1,639 crore, while Sunteck Realty increased to ₹787 crore from ₹657 crore.

Raymond Realty more than doubled its bookings to ₹700 crore, while Mahindra Lifespace recorded ₹925 crore compared with ₹449 crore a year earlier.

For developers and brokers, the quarter reinforces the importance of launch pipelines. Strong new inventory can materially influence quarterly pre-sales, making headline industry comparisons only one part of the market picture.

Sandeep Sadh’s Take:

“Quarterly pre-sales increasingly reflect the timing and strength of new launches. The developers with the right product entering the market at the right time can outperform even when the broader headline numbers are weaker.”