Page 2 - Housing Demand

DLF plans to launch housing projects worth Rs 17K cr in FY26 to boost sales

Realty major DLF Ltd plans to launch housing properties worth over Rs 17,000 crore this fiscal year to capitalize on the strong demand for luxury homes. In its latest investors presentation, DLF informed that the company launched 7.5 million square feet area during the last fiscal for sale with an estimated revenue potential of Rs 40,600 crore. Out of this, the company sold 5 million square feet in the last financial year itself for Rs 19,344 crore. At the beginning of the 2024-25 fiscal, DLF Ltd had given a guidance that the company would launch a 37 million square feet area in the medium-term with a total revenue potential of Rs 1,14,500 crore. Out of this, the company said, "About 35 per cent was already launched in FY25; around 15 per cent are planned to be launched in FY26." In the 2024-25 fiscal, DLF launched its super luxury project 'The Dahlias' with a total saleable area of 4.5 million sq ft and sales potential of Rs 35,000 crore. DLF said the company has received encour

Signature Global aims 21.5% rise in sales bookings in FY26 on strong demand

Realty firm Signature Global is targeting 21.5 per cent increase in its sales bookings to Rs 12,500 crore for the current fiscal as it plans to launch multiple housing projects to encash strong housing demand. According to an investor's presentation, the Gurugram-based company has provided guidance for sales bookings or pre-sales at Rs 12,500 crore for the 2025-26 fiscal. "The company plans to grow sales at 20 per cent in FY26 over FY25 and aims to consistently maintain this growth over the long term," Signature Global said. The company's sales bookings rose 42 per cent to a record Rs 10,290 crore in the 2024-25 fiscal. Signature Global on Thursday reported a 48 per cent increase in its consolidated net profit to Rs 61.12 crore for the latest quarter ended March. Its net profit stood at Rs 41.25 crore in the year-ago period. Total income declined to Rs 570.43 crore in the fourth quarter of the last fiscal from Rs 722.73 crore in the year-ago period. During the 2024-25 fiscal, ..

Godrej Properties to launch projects worth Rs 40K cr in FY26: Chairman

Godrej Properties plans to launch housing projects worth Rs 40,000 crore, as the company aims to increase market share and retain its position as the top listed real estate firm in terms of sales bookings. In an interview with PTI, Godrej Properties Executive Chairperson Pirojsha Godrej noted that the housing demand continues to be strong despite global economic uncertainties, and cited the company's performance in the last fiscal, where it achieved record sales bookings of Rs 29,444 crore, the highest among listed entities. "So, overall, I am very happy with the company's performance in FY25, and I think, key is now to maintain this momentum in the current financial year," Pirojsha told PTI. He said the company would continue to invest in land acquisition and development works to expand its business and increase market share. "We raised Rs 6,000 crore in October last year through QIP (Qualified Institutional Placement). That Rs 6,000 crore plus Rs 7,500 crore operating cash flow .

Housing units delivery across Delhi-NCR down 8% in FY25: PropEquity

Delhi-NCR has witnessed an 8 per cent decline in total residential units delivered during the last financial year to 48,388 units, according to PropEquity. The number of homes delivered in Delhi-NCR during the 2023-24 fiscal stood at 44,423 units. Real estate data analytic firm PropEquity data showed that the number of homes delivered in 9 major cities has risen 33 per cent to 4,06,889 units in 2024-25 as against 3,06,600 units in the preceding year. The data represents apartments, row houses, and villas whose occupancy certificates have been received. The top 9 cities are Bengaluru, Chennai, Hyderabad, Kolkata, Delhi-NCR, Mumbai, Thane, Navi Mumbai and Pune. The most number of homes were delivered in Pune at 81,563 units during the 2024-25 fiscal, an increase of 41 per cent Year-on-Year (Y-O-Y). Pune was followed by 77,017 units in Thane (39 per cent Y-O-Y growth), 57,304 units in Hyderabad (61 per cent Y-O-Y growth), 46,103 units in Bengaluru (26 per cent Y-O-Y growth), 44,423

Prestige Estates Q4 sales rise 48% to Rs 7K cr, FY25 bookings fall 19%

Realty firm Prestige Estates Projects Ltd sales bookings rose 48 per cent to nearly Rs 7,000 crore in January-March quarter, but pre-sales declined 19 per cent to over Rs 17,000 crore in the last fiscal. Prestige Estates attributed the fall in annual sales bookings numbers to lower launches of housing projects due to a lack of approvals from development authorities. As a result, the company has failed to achieve the annual sales bookings guidance of Rs 24,000 crore. In a regulatory filing, Bengaluru-based Prestige Estates shared its operational performance for the fourth quarter of the last fiscal and the full 2024-25 financial year. The company's sales bookings stood at Rs 6,957.4 crore in the January-March quarter of the last fiscal, an increase of 48 per cent year-on-year (y-o-y). Sales volume stood at 4.49 million square feet, a 9 per cent increase Y-o-Y. Total units sold during the fourth quarter stood at 2,301. The average realisation for apartments, villas, and commercia

Realtors may post mixed Q4 results as residential demand moderates

According to Anarock, housing sales across the top seven Indian cities declined by 28 per cent in Q4 FY25, driven by soaring residential prices and geopolitical headwinds

Keystone Realtors Q4 sales bookings up 1% at Rs 854 cr on strong demand

Realty firm Keystone Realtors Ltd on Tuesday reported a 1 per cent growth in sales bookings to Rs 854 crore for the fourth quarter of last fiscal as housing demand continues to be strong. Its sales bookings stood at Rs 843 crore in the year-ago period. In a regulatory filing, Keystone Realtors also informed that its sales bookings rose 34 per cent to Rs 3,028 crore in the 2024-25 fiscal year from Rs 2,266 crore in the preceding year. Boman Irani, CMD of Keystone Realtors, said, "FY25 has been an eventful and successful year for our company, marked by impressive achievements across key performance metrics, including pre-sales, collections, business development and new launches." The company's collections of funds from customers also showed remarkable growth, reaching Rs 2,326 crore for the entire 2024-25, he "In 2024-25, we launched a total of 7 projects with an estimated GDV (gross development value) of Rs 5,019 crore. The redevelopment opportunities in Mumbai remain a significant

Godrej Properties records highest-ever Q4, full-year bookings in FY25

At bookings worth Rs 10,163 crore, the company saw a 7% rise year-on-year in the fourth quarter. Booking for the whole FY25 were worth Rs 29,444 crore, up 31%

Godrej Properties Q4 sales bookings up 7% at Rs 10,163 cr on strong demand

Realty firm Godrej Properties on Tuesday reported a 7 per cent growth in sales bookings to record Rs 10,163 crore in the fourth quarter of last fiscal on better demand for its housing projects. The company's sales bookings or pre-sales increased 31 per cent to Rs 29,444 crore in the full 2024-25 fiscal year, according to a regulatory filing. With sales bookings of nearly Rs 30,000 crore, Godrej Properties is likely to emerge as the largest listed real estate company in the 2024-25 fiscal year in terms of sales bookings. DLF is India's largest real estate company in terms of market capitalisation. Godrej Properties said its latest March quarter sales booking value grew 7 per cent annually to Rs 10,163 crore. This was achieved through the sale of 3,703 homes with a total area of 7.52 million square feet. "This is the highest ever quarterly booking value achieved by Godrej Properties," the filing said. This is also the 7th consecutive quarter in which the company has delivered more

Macrotech Q4 pre-sales rise 14% to Rs 4,810 crore on strong housing demand

Real estate company Macrotech Developers Ltd on Monday reported a 14 per cent increase in sales bookings to a record Rs 4,810 crore in the fourth quarter of this fiscal mainly on strong housing demand. Its sales bookings stood at Rs 4,230 crore in the year-ago period. In a regulatory filing, Mumbai-based Macrotech Developers informed that the company's sales bookings grew 21 per cent last fiscal year to Rs 17,630 crore from Rs 14,520 crore in the FY24. "We achieved our best-ever quarter pre-sales of Rs 4,810 crore, showing 14per cent Y-o-Y (year-on-year) growth. With this, we have achieved pre-sales of Rs 17,630 crore in FY25 (up 21 per cent Y-o-Y), surpassing our FY25 guidance and delivering sustainable, predictable 20 per cent growth," the company said. Macrotech Developers, which sells properties under the Lodha brand, is one of the largest real estate companies in the country. It has a significant presence in Mumbai Metropolitan Region (MMR), Pune and Bengaluru housing ...

Housing demand stays strong, prices to rise above inflation: Credai chief

Housing demand continues to be strong and is expected to grow further on the back of tax incentives offered in the Budget and a recent repo rate cut, CREDAI President Boman Irani said. CREDAI is an apex body for private real estate developers. In an interview with PTI, Irani asserted that there are no signs of demand slowdown in the Indian housing market, rather it will continue to rise in the long-term horizon. However, he said there could be an impact in some markets that are "over-heated" but overall at pan-India level there are no concerns at all on the growth going up only. Short-term blips in a real estate cycle is not something that we need to worry about. We need to see long-term growth," he told PTI in Nashik, where CREDAI recently organised its two-day conference. Asked whether the frenzy and euphoria seen in the last three calendar years has subsided, Irani said, "I don't think so." He cited the property registration data of Mumbai market for February this year to prove

Housing demand strong in major cities, but euphoria easing: Pirojsha Godrej

Demand for residential properties remains "very strong" across major cities but the euphoria seen in the last few years is mellowing down a little bit, said Pirojsha Godrej, the executive chairperson of Godrej Properties. Godrej Properties is one of the leading real estate developers in the country. It became the largest listed realty firm in 2024 in terms of sales bookings or pre-sales by selling more than Rs 28,000 crore worth of properties. In an interview with PTI, Pirojsha Godrej noted that there is no demand slowdown in the housing market, as reflected from the company's pre-sales numbers. "Am I seeing a slowdown in demand. The answer is 'No'. Because we have seen Rs 500 crore plus sales in our new housing project launches in five different cities (during the December quarter) across North, South, West and East India. That to me is pretty indicative of a very strong housing market," he said. Pirojsha added: "But, I would say that some of that euphoria is perhaps mellowing dow

RBI's rate cut to have limited impact, more needed to boost housing: Credai

Realtors' apex body CREDAI on Friday said the RBI's decision to cut benchmark lending rate by 25 basis points might have "limited direct impact" and sought further reduction in the next monetary policy meet for "stronger impetus" to housing demand. Reduction in repo rate may lead to lowering of interest rates on home loans provided banks decide to pass on the benefits. Commenting on the monetary policy announcement, CREDAI National President Boman Irani said, "The RBI's decision to reduce repo rate by 25 basis points to 6.25 per cent supplements recent announcements in the Budget aimed at boosting spending and spur economic growth." This supportive monetary policy was "imperative", especially after the recent 50 basis points reduction in Cash Reserve Ratio (CRR), which has already injected significant liquidity into the banking system, he added. "While the current cut may have a limited direct impact, we anticipate that a further rate cut in the next MPC meeting will provide strong

India's student housing market expected to expand as demand rises

Student enrolment in higher education was 43.3 million in 2021-22, increasing 26.5 per cent from 34.2 million in 2014-15, according to data from the Ministry of Education

Supply of homes priced up to Rs 1 crore falls 30% in 2024: PropEquity

Fresh supply of affordable and mid-income homes costing up to Rs 1 crore fell 30 per cent last year to nearly 1.99 lakh units across nine major cities, according to PropEquity. Real estate data analytics firm PropEquity on Tuesday pointed out that India's top nine cities, where a majority of Indians migrate for jobs, are "staring at a housing crisis". PropEquity attributed this fall in new supply of affordable and mid-income homes to a shift in developers' focus towards luxury housing. The supply of homes in the affordable and mid-income category (priced Rs 1 crore and below) across nine cities has dipped to 1,98,926 units in 2024 from 2,83,323 units in the preceding year. The supply was 3,10,216 units in 2022. "Today, 8 per cent of India's population live in tier-1 cities and this number is expected to grow exponentially in the next five years as more people move to these cities for employment opportunities," Samir Jasuja, Founder and CEO of PropEquity, said. The lack of supply i

Housing sales drop 9% in 9 major cities to 471k units in 2024: PropEquity

Housing sales across nine major cities dropped 9 per cent to nearly 4.71 lakh units in 2024 on lower demand as well as fall in fresh supply, according to PropEquity. Data analytics firm PropEquity, part of listed entity P E Analytics, on Wednesday released the housing data for nine major cities namely Bengaluru, Chennai, Hyderabad, Kolkata, Delhi-NCR, Mumbai, Navi Mumbai, Pune and Thane. As per the data, the sales of residential properties declined 9 per cent to 4,70,899 units during 2024 from 5,14,820 units in the preceding year. New supply fell 15 per cent to 4,11,022 units in 2024 on the back of two quarters of under-activity due to general elections and monsoon. Samir Jasuja, CEO & Founder, PropEquity said, "The drop in housing supply and sales in 2024 is due to the high base effect, as 2023 was a peak year." "A detailed analysis of the numbers reveals that despite the drop, the supply to absorption ratio in 2024 remains the same as 2023 which indicates that the fundamentals .

Keystone Realtors sale bookings up 40% to Rs 863 crore in Q3 on high demand

Keystone Realtors Ltd on Thursday reported a 40 per cent growth in sale bookings to Rs 863 crore in the December quarter on robust housing demand. Keystone Realtors markets its properties under Rustomjee brand. In a regulatory filing, the company informed that its pre-sales or sale bookings stood at Rs 863 crore during the third quarter of this fiscal from Rs 616 crore in the corresponding period of the preceding year. During the April-December period of this fiscal, the pre-sales increased to Rs 2,174 crore against Rs 1,423 crore in the year-ago period. "In the third quarter of 2024-25, we saw impressive growth across key business indicators," Boman Irani, Chairman and Managing Director of Keystone Realtors, said. He said the company has almost achieved the pre-sales of 2023-24 in just 3 quarters of this fiscal, "putting us in a strong position to achieve the full year pre-sales guidance given by us". Irani expressed confidence that the company is well-positioned to not only sec

Demand-supply mismatch: Affordable housing shortage must be addressed

A Knight Frank study shows that India will face an affordable housing shortage of 31.2 million units by 2030. There is already an existing shortage of 10.1 million units

Puravankara bookings fall 17% to Rs 1,331 cr despite strong housing demand

Realty firm Puravankara Ltd's sale bookings fell 17 per cent to Rs 1,331 crore in the second quarter of this fiscal year despite strong housing demand. Its sale bookings stood at Rs 1,600 crore in the year-ago period. The company sold properties worth Rs 2,459 crore during the first six months of this fiscal year, down from Rs 2,725 crore in the corresponding period of the previous year. "In Q2FY25, we have achieved collections of Rs 1,033 crore and pre-sales of Rs 1,331 crore mostly from sustenance sales. Our performance continues to reflect robust housing demand across key markets, driven by our strategic focus on customer-centric offerings and operational efficiencies," Ashish Puravankara, Managing Director of Puravankara Ltd, said. In the first half of the fiscal, he said the company witnessed sustained traction across its portfolio and continued to replenish land bank by acquiring over 5.75 million square feet of saleable area in Mumbai, Bengaluru and Goa with a total potentia

Indian real estate mkt to jump manifold by 2047, to touch $10 trn: Report

Housing demand in Indian real estate market continues to be strong with no signs of slowdown and there is a need to boost supply to meet the requirements, according to realtors' apex body CREDAI. The association said that housing sales in any particular quarter could fall due to lesser number of launches, but consumer demand that has surged post COVID pandemic remains intact. CREDAI is holding its flagship conference 'CREDAI NATCON' here during September 23-26 being attended by more than 1,100 delegates. When asked about estimated fall in sales during the current quarter, CREDAI National Chairman Manoj Gaur said the new launches have been lower in the September quarter. "There is no inventory. There is a huge demand for residential properties from good developers at right locations and attractive prices," Gaur told reporters here. He was replying to a query about PropEquity latest data which estimates 18 per cent fall in sales across nine major cities to 1,04,393 units during ...