253.16 Million Square Feet of Branded Housing Supply in Pipeline

New Delhi, December 17. 2024: New housing supply in 2024 remained relatively tepid compared to peak-year 2023 due to elections-related approval delays in H1 and state elections in H2. There will, however, be a spurt of new housing supply by listed developers in 2025.

ANAROCK’s analysis of the top 11 listed developers shows that at the beginning of FY 2025, they announced plans to launch 253.16 Mn sq. ft. of new supply across cities over the next few years. Interestingly, of this total planned supply, just 23 per cent (about 57.15 million square feet) were launched in H1 FY 2025, indicating a strong new supply pipeline over the coming quarters.

Among the top 11 listed players, Bengaluru-based Prestige Group – with 75 million square feet – has the highest new supply planned over the next few years. Of this, they launched just 10.05 million square feet (or 13 per cent) in H1 FY2025 across geographies. In early September, the Group indicated an overall project pipeline of at least 60 million square feet.

Signature Global has the second-highest launch plan with approx. 29.3 million square feet over the next few years. In H1 FY2025, they launched approx. 9.5 million square feet (32 per cent) of their scheduled supply.

Regional Director & Head of Research, ANAROCK Group, Prashant Thakur said: “Various factors indicate that 2025 will see significant new supply added across cities, particularly by these listed developers. Amid high demand for their branded offerings, they have been aggressively tapping the capital markets via Qualified Institutional Placements (QIPs) for their expansion. Several of these players raised as much as INR 12,801 Cr via QIPs in 9M 2024. Much of these funds are earmarked for land acquisition and to launch residential projects. These players are more than adequately funded.”

“Also, the inventory overhang across the top 7 cities is at its lowest best – 14 months as of 9M 2024. This alone will prompt developers to meet the robust demand for their offerings with more supply across cities.”