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Sales bookings of 28 major listed realty firms fall 21% to Rs 40,000 crore in Apr-Jun; Godrej tops chart
India's 28 major listed real estate companies saw a 21% year-on-year decline in sales bookings to ₹39,964 crore in Q1 2026-27, with Godrej Properties becoming the largest developer. While 19 firms grew, nine, including DLF and Prestige, posted sharp falls. Analysts expect a rebound in Q2.
India's 28 major listed real estate firms recorded a combined ₹39,964 crore in sales bookings (pre-sales) in the April-June quarter of fiscal year 2026-27, down 21% from ₹50,900 crore in the same period a year ago, according to data from investor presentations cited by The Economic Times and Hindustan Times. The housing segment contributed the bulk of these bookings.
Real estate consultants attributed the decline to lower volumes, with some large developers refraining from launching new housing projects amid global economic uncertainties, including the West Asia conflict. They hoped sales would revive from Q2 onwards, according to both publications.
Godrej Properties Takes the Lead
Godrej Properties became the largest listed real estate developer by sales bookings in the quarter, with pre-sales rising to ₹8,651 crore, up from ₹7,082 crore in the same period the preceding year. This marked a significant jump and propelled the company to the top of the chart.
Mumbai-based Lodha Developers Ltd followed with ₹4,630 crore, up from ₹4,450 crore a year ago. Bengaluru-based Sobha Ltd saw sales jump to ₹3,656 crore from ₹2,079 crore. Other notable growers included Puravankara Ltd, whose bookings rose to ₹1,439 crore from ₹1,124 crore, and Kalpataru Ltd, which grew to ₹1,329 crore from ₹1,249 crore.
Among the faster performers, Mahindra Lifespace Developers Ltd's sales more than doubled to ₹925 crore from ₹449 crore, and Max Estates saw a robust increase to ₹1,093 crore from ₹217 crore.
How each outlet told it
The Economic Times
Framing: The headline highlights the 21% decline and Godrej top chart, emphasizing the overall drop and the top performer. — measured - The tone is factual and news-like, with the phrase 'plunged' used for DLF but otherwise neutral.
Facts Included:
A 21% decline in sales bookings for 28 major listed realty firms to Rs 39,964 crore in Q1 FY27.
Godrej Properties became the largest developer with Rs 8,651 crore pre-sales vs Rs 7,082 crore.
19 of 28 developers reported growth; list of firms provided.
Nine firms saw decline including DLF, Prestige, etc.
DLF did not launch any project in Q1 and is India's largest by market cap.
Second position was Prestige with Rs 6,579.3 crore vs Rs 12,126.4 crore.
Specific figures for other firms: Lodha ₹4,630 cr, Sobha ₹3,656 cr, Signature Global ₹1,970 cr, Puravankara ₹1,439 cr, etc.
Causal factors: lower volumes, some big developers refrained from launching amid global uncertainties.
Analysts expect rebound in Q2.
Note that many listed players don't report sales bookings; revenue recognition linked to project completion.
Framing: Headline leads with the 21% drop in sales bookings and notes Godrej topping the chart; it emphasizes the decline while also highlighting a positive. — measured - The tone is financial reporting, e.g., 'plunged', 'jumped', 'shot up' but all with factual basis.
Facts Included:
Total combined sales bookings of 28 listed real estate companies stood at ₹39,964 crore in Q1 2026-27, compared to ₹50,900 crore in the year-ago period.
Godrej Properties became the largest listed real estate developer with sales of ₹8,651 crore in the June quarter, up from ₹7,082 crore.
Out of 28 developers, 19 reported growth in pre-sales; the list includes Godrej, Lodha, Sobha, Max Estates, Puravankara, etc.
Nine firms reported declines: DLF, Prestige, Oberoi Realty, Signature Global, Aditya Birla Real Estate, Brigade, Ashiana Housing, and Eldeco.
Prestige Estates Projects Ltd grabbed second position with ₹6,579.3 crore vs ₹12,126.4 crore a year ago.
DLF saw sales plunge to ₹657 crore from ₹11,425 crore, and did not launch any project in Q1 FY27.
Individual firm figures for the remainder of the 28 companies are listed in the article.
Real estate consultants attributed the fall to no fresh launches, high base effect, and cautious sentiment due to global economic uncertainties amid West Asia conflict.
Consultants hoped sales would revive from Q2 onwards.
Many listed players do not report sales booking numbers; revenue recognition is linked to completion of projects.
Unlisted developers generally do not report quarterly/annual sales bookings.
Each row is one claim, attributed to the outlet whose wording states it most clearly. Confidence rates how directly the source text states the claim — explicit and unhedged rates high; hedged, pieced-together, or internally inconsistent statements rate lower. It does not measure whether the claim is true. Status counts the distinct outlets we found asserting it — so a single-source claim can still show high confidence, and a multi-source claim can show medium. Every one of those outlets is named beside the status, so you can check the count against the list. For claims extracted before we began storing that list, the row says so: it names the outlet the claim is quoted from and states that we have not recorded which outlets backed it. Outlets wrote at different times, so a figure that evolves — a casualty count, for example — can legitimately differ between rows; check the "as of" time next to each claim's source.
Claim
Confidence
Status
ClaimTotal combined sales bookings (pre-sales) of 28 major listed real estate companies stood at ₹39,964 crore in Q1 2026-27, compared to ₹50,900 crore in the year-ago period.
ClaimGodrej Properties became the largest listed real estate developer in terms of sales bookings, with sales of ₹8,651 crore in the June quarter, up from ₹7,082 crore in the year-ago period.
ClaimNine listed realty firms reported a decline in sales bookings: DLF, Prestige, Oberoi Realty, Signature Global, Aditya Birla Real Estate, Brigade, Ashiana Housing and Eldeco.
ClaimDLF Ltd, India's largest realty firm by market capitalisation, saw its pre-sales plunge to ₹657 crore from ₹11,425 crore, and did not launch any projects in the quarter.