Listed Developers Strengthen Hold on Residential Real Estate

Mumbai, May 19, 2025: A significant chunk of homebuyers seems to be reposing faith in developers who have constantly demonstrated their ability to complete projects on time without compromising quality standards, particularly on listed entities.

The annual performance of some of the reputed listed real estate companies establishes this phenomenon. For the fiscal year 2024-2025, Godrej Properties reported a robust 31 per cent YoY surge in sales at INR 29,444 crore.

Another Mumbai-headquartered real estate firm, Macrotech Developer, is not far behind. For the year ended March 31, Macrotech reported strong sales bookings of INR 17,630 crore, reflecting a healthy 21 per cent annual growth.

The trend is just not limited to Mumbai-based developers but is rather widespread. Delhi-headquartered DLF Limited reported a healthy sales number in the first three quarters of FY25. It surpassed its initial sales guidance of INR 17,000 crore within the first nine months, highlighting sustained buyer confidence in their offerings.

Similarly, Signature Global (India) Ltd. achieved pre-sales of INR 10,290 crore, marking a substantial 42 per cent increase from the preceding fiscal year.

“The year 2024-25 was a phenomenal one for us. We easily achieved the guidance by clocking a pre-sales to the tune of INR 10,290 crore,” Ravi Aggarwal, Co Founder and MD, Signature Global (India) Ltd., said. 

“We received a phenomenal response for all our offerings from various stakeholders, and with interest rates inching downwards, we are confident about continuing with the sales momentum.”

He added, “In FY26, we plan to launch projects worth INR 17,000 crore and are targeting pre-sales of INR 12,500 crore. While most new launches in the region are priced at INR 8-10 crore, Signature Global remains will continue to focus on launching homes at prime locations in Gurugram in the price range of INR 2-5 crore.”

Ashok Kapur, Chairman, Krishna Group and Krisumi Corporation, said, “The surge in demand for premium properties, especially from HNIs and NRIs, is a clear testament to the strong shift in market sentiment towards quality living experiences.”

Developers who recognise this trend are consistently aligning their offerings with the aspirations of discerning buyers who seek world-class design, timely delivery and a lifestyle that is truly unmatched, he added.

With most of the reputed listed entities having reported decent numbers, it reflects increasing preference of homebuyers for trusted brands that assure quality construction, timely delivery and adherence to regulatory norms.

An ICRA research report suggests the same. As larger and more reputable companies gain a larger market share, their performance is expected to outpace the overall industry growth, the report has mentioned.

While domestic demand continues to remain robust, NRIs are also emerging as a significant buyer segment—attracted not only by the investment potential of Indian real estate but also by a deep emotional connection to their roots.

As part of their long-term wealth preservation strategies, NRIs are actively acquiring premium and high-value properties in major metropolitan areas and even in holiday destinations. NRIs are increasingly turning to the luxury real estate sector as a safer and more rewarding investment avenue, a recent GRI Club report has stated.

“Share of NRI investment in newly launched projects in major metros continues to rise substantially, and with India remaining an attractive destination, the NRIs are expected to continue their trust in the vibrant Indian real estate,” Aggarwal said.

Cities like Mumbai, Gurugram, Hyderabad and Bangalore are expected to attract the majority of NRI investments. While Gurugram, in particular, has emerged as a prime destination for premium and luxury real estate, some micro-markets such as Southern Peripheral Road, Dwarka Expressway and Sohna are expected to outperform other areas due to their superior connectivity and rapid urban infrastructure development.