Sales of listed realty firms just 50% of highest Q4FY19 figures

The Q4 of FY19 sales numbers excluded those of property developer Macrotech promoted by the Lodha group

Even as research reports talk about revival in residential sales of listed realty firms, the total net sales figures do not show such buoyancy.

Total net sales posted by these companies in the June quarter of the current financial year are just half of the highest quarterly sales figure in the March quarter of FY19. The Q4 of FY19 figure was the highest sales they posted so far in the last 45 quarters.

In Q4 of FY19, the top listed companies posted total sales of Rs 20,220 crore, while in Q1 of FY22, they posted sales of Rs 11,107 crore, data culled