India’s real estate sector witnessed an exceptional surge in FY24, as the country’s top 26 listed developers collectively reported property sales exceeding ₹1.62 lakh crore. This marks a robust growth of over 20% compared to the previous fiscal, highlighting strong demand — particularly in the residential and luxury housing segments.
The market was led by Godrej Properties, which recorded pre-sales worth ₹29,444 crore, making it the top-selling real estate developer in the country for the year. Other prominent names like DLF, Macrotech Developers (Lodha), and Prestige Estates Projects also posted stellar performances.
Top Performers in India’s Real Estate Boom
Godrej Properties: The Undisputed Leader
- FY24 Pre-sales: ₹29,444 crore
- Strong performance across premium and luxury residential launches
- Continued consumer trust in brand and timely project execution
DLF Ltd: Luxury Drives Growth
- Pre-sales surged to ₹21,223 crore (up from ₹14,778 crore in FY23)
- The ultra-luxury project, The Camellias in Gurugram, was a major contributor
- DLF remains the largest Indian developer by market capitalization
Macrotech Developers (Lodha): Steady Rise
- Pre-sales climbed to ₹17,630 crore from ₹14,520 crore
- Focus on expanding premium residential portfolio in Mumbai and Pune
Other Notable Highlights
- Signature Global and Prestige Estates completed the top five with sales around ₹10,300 crore and slightly lower respectively.
- Aditya Birla Real Estate doubled its sales to ₹8,087 crore, showcasing aggressive expansion.
- Brigade Enterprises and Max Estates recorded healthy growth.
- Meanwhile, Sobha Ltd, Puravankara Ltd, and Prestige Estates saw marginal declines.
Up-and-Coming Players on the Rise
Several mid- and small-cap developers also registered solid gains:
- TARC Ltd, Mahindra Lifespace Developers, and Keystone Realtors (Rustomjee) posted growth below the ₹5,000 crore mark.
- Smaller players like Arkade Developers, Suraj Estate Developers, and Eldeco Housing showed consistent performance, reflecting wider resilience across the sector.
Quick Summary Table
| Developer | FY24 Sales (₹ Crore) | YoY Growth |
|---|---|---|
| Godrej Properties | 29,444 | Highest in the sector |
| DLF Ltd | 21,223 | ↑ 43.6% |
| Macrotech Developers (Lodha) | 17,630 | ↑ 21.4% |
| Signature Global | ~10,300 | Robust debut year |
| Aditya Birla Real Estate | 8,087 | ↑ 100% |
| Prestige Estates Projects | Slight decline | – |
| Sobha Ltd / Puravankara Ltd | Slight decline | – |
| TARC / Mahindra / Keystone | <5,000 | Healthy growth |
Industry Experts Weigh In
“There’s a clear shift in consumer sentiment towards trusted, branded developers who can deliver high-quality projects on time,” said a senior market analyst.
A Godrej Properties spokesperson noted, “Our strong performance reflects deep consumer trust and our strategic focus on premium housing across India’s top cities.”
FAQ: Indian Real Estate Market Trends FY24
1. Which real estate company led the market in FY24?
Godrej Properties topped the list with ₹29,444 crore in pre-sales.
2. What segments are driving real estate growth in India?
Luxury and premium residential projects are the key growth drivers, with commercial property sales contributing a smaller share.
3. How did DLF perform this year?
DLF reported ₹21,223 crore in bookings, largely driven by its ultra-luxury project, The Camellias in Gurugram.
4. Are mid-sized developers showing growth too?
Yes, companies like Aditya Birla Real Estate, Mahindra Lifespace, and Keystone Realtors recorded impressive YoY growth.
5. What’s driving consumer preference toward listed players?
Trust, brand reputation, and execution capability are pushing buyers toward large, listed, and credible developers.