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India’s top 11 listed residential developers are projected to achieve combined pre-sales of INR 1.82 lakh crore in FY27, up from INR 1.49 lakh crore in FY26, marking a 22.3% year-on-year increase, according to an ANAROCK Research analysis of investor presentations. The projected growth comes despite higher property prices, elevated construction costs and continuing global economic uncertainty. Godrej Properties is expected to record the highest pre-sales at INR 39,000 crore, followed by Prestige Estates at INR 35,300 crore. Oberoi Realty is projected to post the strongest growth, while DLF is expected to remain broadly flat.
India’s top 11 listed residential developers are expected to record combined pre-sales of INR 1.82 lakh crore in FY27, representing a 22.3% increase from the INR 1.49 lakh crore achieved in FY26, according to an analysis by ANAROCK Research based on investor presentations.
The projected increase comes despite a challenging operating environment marked by higher property prices, elevated construction costs and continuing geopolitical and economic uncertainty. The outlook indicates that demand for homes, particularly in the premium segment, continues to support the organised residential real estate market.
Among the 11 developers, Godrej Properties is expected to record the highest pre-sales in FY27 at around INR 39,000 crore, representing a projected 14% increase over FY26. Prestige Estates Projects is estimated to achieve pre-sales of approximately INR 35,300 crore, up 18%, while Lodha is projected to record INR 24,000 crore, an increase of 17%.
Oberoi Realty is expected to emerge as the strongest performer in terms of growth, with its pre-sales projected to rise 141% year-on-year in FY27. The sharp increase is linked to its project launch and completion pipeline, which is expected to support a substantial increase in sales during the year.
At the other end of the spectrum, DLF is the only developer among the group projected to see a marginal decline in pre-sales. Its FY27 pre-sales are estimated at around INR 20,000 crore, compared with INR 20,100 crore in FY26. The company's relatively stable projection comes despite its position as one of India's largest listed residential developers.
The analysis suggests that growth rates will vary significantly between companies because of differences in their project launch schedules, completion timelines and geographical exposure. Developers with a stronger pipeline of new projects are expected to benefit from the continued demand in high-demand micro-markets.
The projected numbers also indicate the increasing importance of organised developers in India's housing market. Established listed companies have been expanding their portfolios across major cities and strengthening their presence in premium and luxury housing segments, where demand has remained relatively resilient.
At the same time, developers continue to operate against the backdrop of rising input and construction costs. Higher property prices could also influence affordability, making project selection, location and product positioning increasingly important for future sales performance.
Overall, the projected INR 1.82 lakh crore combined pre-sales for FY27 point to continued momentum among India's leading listed residential developers. While growth is expected to differ across companies, a strong launch pipeline and sustained housing demand are expected to remain key drivers of the sector's performance during the financial year.
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