Real Estate Top Players Break Records, Over Rs. 12000 Crores in Quarterly Sales

July 22, 2024 Delhi NCR, India Top listed real estate players in India are experiencing exceptional business growth, driven by strong consumer demand and increased sales. Many developers have reported record-breaking pre-sales in the fiscal year 2023-24, highlighting their robust market performance. Significant increases in market capitalization and sales bookings reflect the positive trajectory of the industry.

Top Real Estate

According to Screener, a stock analysis tool, ten leading listed real estate companies including DLF, Godrej Properties, Prestige Estates, Signature Global and others made property sales worth a whopping Rs. 12,867.8 crore in the last quarter, resulting in impressive net profits.

This impressive growth was primarily driven by strong demand for housing, particularly premium homes in major cities. Industry experts attribute the increase in sales among the top 10 players to robust demand for housing and a preference for companies and brands with a proven track record of successful project execution.

According to a report by ratings agency Crisil, residential real estate developers are expected to record 8-10 percent revenue growth this fiscal year despite rising interest rates and house prices. This growth will be supported by 4-6 percent volume growth and 3-5 percent increase in capital values.

Here are the top 10 listed real estate companies in the country in terms of market capitalization – according to “Screener”, which have significantly contributed to the development of the sector and offer a wide range of real estate services:

1. DLF: Founded in 1946, DLF Limited is one of India’s oldest and largest real estate companies, known for its high-end residential and commercial projects. The company has played a pivotal role in the development of Gurgaon, a major commercial hub near Delhi. DLF’s extensive portfolio includes shopping malls, luxury apartments, gated communities, office spaces and hotels. As a publicly traded company listed on the NSE and BSE, DLF leverages its solid reputation, vast experience and diverse portfolio to capitalize on the growing Indian real estate market.

2. Godrej Properties: Founded in 1990, Godrej Properties has grown to become one of India’s leading real estate companies, recognized for its innovative design, quality construction and dedication to customer satisfaction. The company has developed numerous commercial and residential projects across the country and has built a strong reputation in the industry. Godrej Properties has received several accolades, including the prestigious “Development of the Year” award from the National Real Estate Development Council (NAREDCO). With over 100 completed projects, it is one of India’s top-ranked real estate companies.

3. Phoenix Mills: Phoenix Mills Ltd. has established itself as a prominent player in the Indian real estate sector, excelling in the development of mega retail malls, entertainment complexes, commercial spaces and hospitality units. The company’s activities span all facets of real estate development including planning, execution, marketing, management, maintenance and sales. Phoenix Mills has a diverse portfolio of real estate assets in cities such as Mumbai, Bengaluru, Chennai, Pune, Raipur, Agra, Indore, Lucknow, Bareilly and Ahmedabad.

4. Prestige Estates: The Prestige Group is now synonymous with innovation in the real estate sector. The company has spearheaded numerous groundbreaking developments and introduced several firsts in South India. With over 300 completed projects covering a developable area of ​​over 180 million square feet, Prestige Group is a major player in the industry. The company currently has 56 ongoing projects across various segments, covering a total of 86 million square feet of developable area. In addition, it plans to launch 43 projects covering 85 million square feet and has a land bank of over 728 acres as of September 2023.

5. Oberoi Realty: Oberoi Realty has perfected the creation of high-quality, sustainable lifestyle standards. For over 40 years, the group has been enhancing, elevating and inspiring the daily lives of homebuyers through innovative designs. Over the past four decades, Oberoi Realty has built an unmatched brand reputation through aesthetic design and consistent quality construction that meets international standards.

6. Brigade Enterprises: Since 1986, Brigade has been dedicated to shaping India’s real estate landscape with groundbreaking developments across sectors, and has established itself as a distinguished leader in the industry. With a diverse portfolio of residential, commercial, hospitality and retail projects, Brigade has built a distinguished legacy characterised by consistent excellence and superior quality. The company’s leadership in the industry is rooted in its commitment to exceeding client expectations. This client-centric approach ensures that every Brigade development embodies the highest standards of elegance and refinement.

7. Signature Global: Among the leading real estate companies, Signature Global has emerged as a standout player, making a significant impact in the sector. Listed only last year, the company has quickly gained the trust and admiration of homebuyers and investors through its stellar performance. Initially known for its affordable housing solutions, the company has successfully forayed into the premium housing segment with the launch of two back-to-back high-end projects – Deluxe DXP and Titanium SPR, which have set a new benchmark in the Gurugram real estate market with record sales of over Rs. 3600 crores and 2700 crore respectively.

Signature Global has delivered an impressive 10.4 million square feet of residential space to date and has a robust pipeline of around 32.2 million square feet of saleable area in upcoming projects. In addition, the company has 16.4 million square feet of ongoing projects slated for execution in the next 2-3 years. In FY24, Signature Global achieved sales bookings totaling Rs. 72.7 billion, reflecting a remarkable sales CAGR of 62% from FY21 to FY24. Looking ahead, the company forecasts a revenue of Rs. 100 billion in FY25 and expects revenue recognition of Rs. 38 billion.

8. SOBHA: Since its inception, SOBHA Limited has consistently strived to set new standards in terms of quality, customer focus, business ethics and transparency. This steadfast commitment has established the company as the most preferred real estate brand in India. For more than three consecutive years, SOBHA has been recognized as the top brand in the Indian real estate sector. In addition, the company received the highest accolades in India’s first-ever Real Estate Best Practices audit report in 2017 by Track2Realty.

9. Anant Raj: Anant Raj Limited has a rich heritage of over fifty years, dedicated to transforming the real estate landscape. Headquartered in Delhi, the company is recognized as one of the leading real estate developers in the country. Established in 1969 as a construction company, Anant Raj has executed major projects for the Delhi Development Authority (DDA) and other government agencies. Over the years, the company has grown to become one of the largest real estate developers in the Delhi NCR region. Anant Raj prides itself on owning one of the largest land portfolios in the Delhi NCR region and being present in almost all facets of real estate.

10. Valor Estate Limited: (Formerly known as DB Realty Limited), established in 2007, has carved out a huge swath of territory in a short span of time, establishing its position as India’s leading real estate developer. While the company’s growth story is rooted in facts and figures, its legacy will be built on a strong reputation of excellence in residential, commercial and gated community developments. This is why, even during these challenging times, they remain committed to their mission of creating superior developments in each of our market segments and delivering on the promise to all stakeholders.

The company’s growing portfolio comprises of over 100 million square feet of prime real estate – carefully curated by 15,000 experts and managed by over 500 internationally and nationally acclaimed executives – spread across 35 exclusive projects that have served nearly 20,000 satisfied clients to date. Most of the projects are located in and around Mumbai and are in various stages of planning and construction.

These companies not only dominate the market but have also set benchmarks for quality, innovation and customer satisfaction. Their contributions are crucial in driving the growth of the Indian real estate sector, which continues to flourish and evolve. With the Indian real estate sector expected to reach USD 1 trillion by 2030, the performance of the top listed real estate companies will be crucial in shaping the future of the sector.