Realty bookings fall 21% in Q1 FY27

New Delhi: Sales bookings across 28 major listed real estate companies fell 21 per cent to Rs 39,964 crore in the April-June quarter of 2026-27, from Rs 50,900 crore a year earlier.

The decline was linked to lower sales volumes, fewer project launches and cautious buyer sentiment amid global economic uncertainties. However, the slowdown was uneven, with 19 of the 28 developers reporting growth in pre-sales.

Godrej leads the List

Godrej Properties topped the group with sales bookings of Rs 8,651 crore, compared with Rs 7,082 crore a year earlier.

Prestige Estates Projects ranked second at Rs 6,579.3 crore, down from Rs 12,126.4 crore.

Lodha Developers increased pre-sales to Rs 4,630 crore from Rs 4,450 crore, while Sobha recorded Rs 3,656 crore against Rs 2,079 crore.

Signature Global reported Rs 1,970 crore, compared with Rs 2,640 crore a year earlier.

Major players show Mixed Results

DLF recorded one of the sharpest declines, with sales bookings falling to Rs 657 crore from Rs 11,425 crore. The company did not launch any project during the first quarter of FY27.

Aditya Birla Real Estate reported pre-sales of Rs 329 crore, down from Rs 422 crore, while Oberoi Realty declined to Rs 1,049.88 crore from Rs 1,638.68 crore.

Brigade Enterprises recorded Rs 1,061 crore against Rs 1,118 crore.

Growth remains visible

Puravankara increased sales bookings to Rs 1,439 crore from Rs 1,124 crore, while Kalpataru rose to Rs 1,329 crore from Rs 1,249 crore.

Max Estates recorded a sharp increase to Rs 1,093 crore from Rs 217 crore. Mahindra Lifespace Developers more than doubled to Rs 925 crore from Rs 449 crore, while Embassy Developments jumped to Rs 868 crore from Rs 198 crore.

Sunteck Realty grew to Rs 787 crore from Rs 657 crore, while Raymond Realty more than doubled to Rs 700 crore from Rs 306 crore.

Kolte-Patil Developers remained almost unchanged at Rs 617 crore, compared with Rs 616 crore.

Other Developers

Keystone Realtors reported Rs 617 crore, down from Rs 1,068 crore, while TARC increased to Rs 602 crore from Rs 225 crore.

Shriram Properties rose to Rs 484 crore from Rs 441 crore, and Arvind SmartSpaces increased to Rs 432 crore from Rs 175 crore.

Sri Lotus Developers jumped to Rs 409 crore from Rs 61 crore.

Ashiana Housing, which focuses on senior living, reported Rs 358 crore against Rs 431 crore.

Arihant Superstructures increased to Rs 173.1 crore from Rs 150.6 crore, while Arkade Developers rose to Rs 155.1 crore from Rs 142 crore.

Ajmera Realty & Infrastructure recorded Rs 146 crore against Rs 108 crore, while Suraj Estate Developers increased to Rs 141 crore from Rs 81 crore.

Eldeco Housing & Industries reported a decline in pre-sales to Rs 105.7 crore from Rs 221.1 crore.

Closing Insights

The June-quarter numbers suggest a selective slowdown rather than a broad-based weakness in housing demand. While the combined bookings declined 21 per cent, 19 of the 28 developers still reported growth.

The performance also highlights the importance of project launches and individual development pipelines in shaping quarterly sales.

Real estate consultants expect sales activity to improve from the second quarter onwards.

Sales bookings are an important indicator of operational performance, although they do not immediately translate into recognised revenue, which is linked to project completion. Many unlisted developers also do not disclose quarterly sales-booking figures, making listed-company data only one part of the wider market picture.

By Sana khan
Executive Editor,
Realty Quarter
Mumbai