India 26 major listed real estate companies sold properties worth about Rs 35,000 crore during the July-September quarter. Among them, Godrej Properties has made the maximum sales booking. According to data received from stock exchanges, 26 major listed real estate companies have jointly made sales bookings worth Rs 34,985 crore in the second quarter of the current financial year (July-September). An important part of the sales reserves come from the real estate sector. Godrej Properties topped the list in terms of sales bookings with sales bookings worth Rs 5,198 crore during the July-September quarter.
Macrotech Developers records sales worth Rs 4,290 crore
Mumbai-based Macrotech Developers Ltd, which sells properties under the Lodha brand, reported sales 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 recorded 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.
DLF did not start any new housing project
The sales bookings of DLF Ltd, the country’s largest real estate company by market capitalization, declined sharply to Rs 692 crore during the July-September period as the company did not launch any new housing projects. Among other major listed players, Bengaluru-based Brigade Enterprises Ltd reported a sales book of Rs 1,821 crore during the July-September period of the current financial year. While Mumbai-based Oberoi Realty recorded sales worth 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 posted sales bookings of Rs 1,331 crore and Rs 1,178.5 crore, respectively. Delhi-based TARC Ltd also performed well and posted sales of Rs 1,012 crore during the September quarter.
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