Now Reading: Top 11 developers target Rs 1.82 trillion presales by FY27
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Top 11 developers target Rs 1.82 trillion presales by FY27
India's top 11 listed real estate developers are targeting combined presales of Rs 1.82 trillion by FY27, a 22.3 per cent year-on-year rise from Rs 1.49 trillion in FY26, according to real…
The Story in Brief
India's top 11 listed real estate developers are targeting combined presales of Rs 1.82 trillion by FY27, a 22.3 per cent year-on-year rise from Rs 1.49 trillion in FY26, according to real estate consultancy Anarock. The residential sector maintains momentum despite rising property prices, elevated construction costs, and global geopolitical turbulence, driven by steady end-user demand and strong launch pipelines.
Oberoi Realty is expected to lead with an estimated 141 per cent presales growth in FY27, while DLF's growth is projected to remain flat. Developers are funding growth through internal accruals and operating cash flows, with aggregate net debt stable even as presales rise. Listed and grade A developers are also increasing their share of new launches in major cities like Mumbai, Delhi-NCR, and Bengaluru.
The Indian Opinion
The Anarock report fuels a familiar narrative of boom times in Indian real estate, glossing over unequal gains. Headline numbers hide that DLF's presales are flat. Oberoi Realty's 141 per cent jump comes from a low base. Most growth is from price hikes, not volume, squeezing affordability for ordinary buyers. The real test is whether demand holds when interest rates stay high and property prices cross reasonable limits for salaried families. Watch the inventory-to-bookings ratio for signs of a glut.
Source: rediff.com
This story was synthesised by AI from the source linked above.
