Top Indian Builders Target ₹1.82 Lakh Crore Home Sales in FY27: What Homebuyers Should Know

India’s organised residential real estate sector is heading into FY27 with an ambitious sales pipeline, as 11 leading listed developers are projected to generate combined pre-sales of around ₹1.82 lakh crore. The estimate represents a significant increase from approximately ₹1.49 lakh crore recorded by the same group in FY26, pointing to continued demand for homes despite higher prices and construction costs.

The projections are based on research by ANAROCK Research & Advisory and highlight a housing market where large, organised developers are continuing to expand their presence.

Pre-sales expected to rise more than 22%

The combined pre-sales of the 11 developers are estimated to grow by about 22.3% year-on-year in FY27. The projected increase suggests that demand has remained relatively resilient even as residential property prices have moved higher in several major markets.

A key feature of the forecast is that growth is expected to be broad-based. Ten of the 11 developers covered in the analysis are projected to record an increase in pre-sales during FY27, while DLF is expected to remain broadly stable.

Oberoi Realty is projected to record the strongest percentage growth at 141%, followed by Puravankara at 51% and Mahindra Lifespaces at 41%. Sobha is expected to grow by 31%, while Rustomjee, Brigade and Signature Global are projected to post increases of around 25%, 22% and 22%, respectively.

Prestige Estates is expected to grow by 18%, Lodha by 17% and Godrej Properties by 14%.

Godrej Properties could lead in booking value

While percentage growth provides one picture of the market, the absolute value of expected bookings shows where the largest sales volumes are likely to come from.

Godrej Properties is projected to record the highest FY27 pre-sales among the developers analysed, at approximately ₹39,000 crore. Prestige Estates follows with an estimated ₹35,300 crore, while Lodha is projected at ₹24,000 crore.

DLF is expected to achieve around ₹20,000 crore in pre-sales. Oberoi Realty is projected at ₹13,000 crore, followed by Puravankara at ₹11,200 crore and Sobha at ₹10,600 crore.

Signature Global is estimated at ₹10,000 crore, while Brigade, Rustomjee and Mahindra Lifespaces are projected to record around ₹9,000 crore, ₹5,000 crore and ₹4,800 crore, respectively.

These numbers underline the growing scale of the organised residential development segment in India.

Why booking values are staying strong

The expected increase in pre-sales does not necessarily mean that developers will sell dramatically more units. Higher property prices are an important factor behind the rise in booking values.

Larger homes are another contributor. As buyers increasingly opt for bigger apartments, the value of individual transactions can rise even without a comparable increase in the number of units sold.

Premium and luxury housing demand is also supporting the market. Affluent buyers have remained an important source of demand, allowing developers with strong premium portfolios to maintain sales momentum.

For homebuyers, this also means that headline sales growth should not automatically be interpreted as evidence that homes are becoming more affordable.

Inventory levels remain an important positive

Another factor supporting the sector is the relatively comfortable inventory position among the developers covered in the analysis.

The estimated inventory-to-annual-bookings ratio for FY27 ranges from 0.07 times to 2.70 times. Most of the companies are expected to have inventory equivalent to less than 1.5 years of annual bookings.

For developers, controlled inventory can reduce the pressure associated with unsold stock and help preserve cash flows. At the same time, a healthy inventory position gives companies room to introduce new projects as demand develops.

For buyers, lower inventory overhang can also be viewed as a sign that the market is not being driven purely by excessive supply.

Balance sheets offer another layer of comfort

The growth outlook comes alongside relatively stable financial positions among many major developers. ANAROCK's analysis indicates that aggregate net debt across a broader group of listed developers remained largely stable in FY26, even as combined pre-sales increased substantially.

Some developers continue to maintain net cash positions, with cash and cash equivalents exceeding outstanding debt. Operating cash flows and internal accruals have therefore played an important role in supporting expansion.

This is particularly relevant for homebuyers because a developer's financial strength can influence project execution, construction schedules and the ability to complete projects during periods of market uncertainty.

What this means for homebuyers

The FY27 projections point to a residential market that remains confident, but buyers should not interpret strong developer sales as a reason to rush into a purchase.

Higher booking values are partly being supported by rising prices and larger homes. Buyers should therefore compare the total cost of ownership rather than focusing only on the advertised price per square foot.

Project location, developer track record, construction progress, approvals, delivery history, maintenance costs and financing terms remain important considerations.

The growing market share of listed and Grade A developers also gives buyers more choices among established players. However, even within this segment, project-level due diligence remains essential.

Organised developers continue to gain ground

The expansion of listed and Grade A developers is becoming increasingly visible across major Indian housing markets. Their share of new residential launches has increased across several important cities, indicating a gradual shift towards larger and more organised players.

For the broader property market, the projected ₹1.82 lakh crore pre-sales target reinforces the view that India's housing demand remains resilient in FY27. For consumers, however, the combination of strong demand, higher prices and larger ticket sizes means that affordability and value for money will remain central to the home-buying decision.

Overall, FY27 appears set to be another strong year for India's organised residential real estate sector, with leading developers preparing for substantial sales while maintaining relatively disciplined inventory and financial positions.