NEW DELHI: According to an Anarock Research analysis, the combined pre-sales of 11 listed real estate developers increased by 18% year-on-year, reaching ₹1,48,158 crore in FY26, up from ₹1,25,841 crore in FY25.
The analysis focused on major players including Godrej Properties, Prestige Estates, DLF, Macrotech Developers, Signature Global, Brigade Enterprises, Puravankara, Oberoi Realty, Kolte-Patil Developers, Keystone Realtors, and Sobha.
Developers with significant exposure to premium and luxury housing exhibited stronger growth over the year. Prestige Estates saw the largest annual growth in pre-sales at 76%, followed by Puravankara at 48%, Keystone Realtors at 33%, Sobha at 30%, Godrej Properties at 16%, and Macrotech Developers also at 16%.
Anarock noted that geographic diversification has become a crucial strategy for large listed developers, reducing reliance on specific home markets and expanding into residential areas like the Mumbai Metropolitan Region (MMR), NCR, Bengaluru, Hyderabad, Pune, and Chennai.
Approximately 68% of Godrej Properties’ FY26 pre-sales originated from markets outside MMR. The company has decreased its dependence on its home market, with MMR’s contribution to pre-sales falling to about 32% in FY26 from 55% in FY21.
Similarly, Prestige Estates has diminished its reliance on Bengaluru, with around 60% of FY26 pre-sales sourced from markets outside its home region, including Mumbai, Hyderabad, and NCR. Bengaluru’s share in its pre-sales dropped to about 40% in FY26 from nearly 90% in FY21.
Macrotech Developers reported that nearly 32% of its FY26 pre-sales came from Pune and Bengaluru, further lessening its dependence on MMR. Puravankara has expanded into markets such as Mumbai, Pune, and Hyderabad.
South India-based developers like Prestige Estates, Sobha, Brigade Enterprises, and Puravankara are broadening their reach beyond core markets to include cities like MMR, NCR, Hyderabad, and Pune.
In contrast, DLF has remained focused on NCR, generating nearly 90% of its FY26 pre-sales from its home market. Signature Global also concentrated on NCR during the same period.
The new launch data indicates a shift towards multi-city expansion. Only about 10% of Godrej Properties’ new supply in FY26 was in MMR, with the remaining 90% allocated to other major cities. For Prestige Estates, around 33% of new launches took place in Bengaluru, with the rest in different markets.
Sobha reported that nearly one-third of its FY26 launches and sales contributions were from areas outside Bengaluru.
