India’s Real Estate Sector Sees a Rs 53,000 Crore Boom in Q1 FY26 Led by Prestige Estates.

India’s Real Estate Sector Sees a Rs 53,000 Crore Boom in Q1 FY26 Led by Prestige Estates

The Indian real estate market kicked off FY26 with a spectacular performance, driven by strong demand in residential properties and a growing preference for branded developers. According to regulatory filings compiled by PTI, listed real estate players in India collectively recorded property sales worth nearly Rs 53,000 crore during the April-June quarter, indicating robust market momentum post-pandemic.

Prestige Estates Takes the Lead
Bengaluru-based Prestige Estates Projects Ltd led the pack, posting record pre-sales of Rs 12,126.4 crore, largely fueled by strong demand in its home market. Close behind was India’s largest realty firm by market capitalization, DLF Ltd, which secured Rs 11,425 crore in sales bookings. DLF’s strength mainly came from luxury housing projects in Gurugram, where demand remains high. Mumbai-based Godrej Properties took the third spot with Rs 7,082 crore in bookings, followed by Lodha Developers and Signature Global with Rs 4,450 crore and Rs 2,640 crore, respectively. These top five developers accounted for a massive 71% of the combined sales of 28 listed realtors, signaling market consolidation among leading players.

Mid-Tier Developers Also Show Strong Sales
Apart from the big names, several mid-sized and regional developers posted impressive sales figures, reflecting the broad-based revival in the sector. Sobha Ltd (Rs 2,079 crore), Omaxe Ltd (Rs 2,001 crore), and Oberoi Realty (Rs 1,639 crore) were among those making notable contributions. Players like Kalpataru Ltd, Puravankara Ltd, and Brigade Enterprises each crossed the Rs 1,000 crore mark in Q1, alongside emerging names such as Keystone Realtors (Rustomjee). Even smaller developers such as Sunteck Realty, Kolte-Patil, Mahindra Lifespace, and Shriram Properties recorded commendable sales ranging from Rs 400 crore to Rs 650 crore.

Residential Demand Remains the Core Driver
The lion’s share of pre-sales came from residential properties, underpinning homebuyers’ growing preference for branded realty developers. Since the pandemic, buyers have become more cautious with project delays and financial risks associated with smaller builders, boosting demand for reputed, large-scale developers capable of timely delivery and quality assurance. Analysts note that the market is evolving to become both volume- and value-driven, with branded developers emerging as key beneficiaries of this structural shift.

Outlook for FY26 and Beyond
During FY25, 26 major listed real estate companies collectively sold properties valued at Rs 1.62 lakh crore, with Godrej Properties topping the chart with bookings close to Rs 30,000 crore. The strong sales performance by Prestige Estates in Q1 FY26 positions it as a serious competitor to DLF and Godrej for the top spot in annual sales this fiscal year. However, industry watchers point out that revenue recognition for these sales bookings will be gradual, linked to project completion milestones, meaning that cash inflows for developers will lag behind the current pre-sales growth.

The Indian real estate sector’s promising start to FY26 signals sustained demand for housing, especially in the luxury and premium segments, supported by buyers’ preference for branded and reliable developers. As the market continues to evolve post-pandemic, the dominance of organized players is expected to deepen, shaping the future landscape of real estate development in the country.

This strong sales momentum in Q1 offers optimism for continued growth and resilience in one of India's most important economic sectors.