India’s top 11 listed developers target ₹1.82 lakh crore pre-sales in FY27, up 22.3%: Anarock

India’s leading listed residential developers are set to maintain strong sales momentum in FY27, with combined pre-sales of 11 major players estimated to rise 22.3% year-on-year to ₹1.82 lakh crore from ₹1.49 lakh crore in FY26, according to Anarock Research. The projection comes despite rising property prices, elevated construction costs and continuing global economic and geopolitical uncertainty.

Anarock’s analysis of investor presentations of the 11 developers shows that 10 are projected to report positive pre-sales growth in FY27, while only one is expected to see a marginal decline, primarily due to a high base. Nearly half of the companies analysed are expected to record pre-sales growth of more than 20%.

Oberoi Realty leads projected growth

Oberoi Realty is expected to register the sharpest increase, with pre-sales estimated to soar 141% to ₹13,000 crore in FY27 from ₹5,400 crore in FY26. Puravankara follows with a projected 51% growth to ₹11,200 crore, while Mahindra Lifespaces is estimated to grow 41% to ₹4,800 crore.

Sobha’s pre-sales are projected to increase 31% to ₹10,600 crore, while Rustomjee is estimated to grow 25% to ₹5,000 crore. Brigade Enterprises and Signature Global are both projected to post 22% growth, at ₹9,000 crore and ₹10,000 crore, respectively.

Prestige Estates is estimated to record an 18% increase to ₹35,300 crore, while Lodha and Godrej Properties are projected to grow 17% and 14%, respectively. DLF is the only developer expected to see a marginal decline, with pre-sales broadly stable at ₹20,000 crore.

Dr Prashant Thakur, Executive Director and Head-Research & Advisory at Anarock Group, said the analysis points to “broad-based growth” across the organised housing sector, with healthy demand supported by a steady launch pipeline and sustained buyer confidence.

Premiumisation keeps booking values resilient

The developers’ inventory position also remains comfortable. Their inventory-to-annual-bookings ratio ranges from 0.07x to 2.70x based on FY27 estimates, with most maintaining inventory equivalent to less than 1.5 years of annual bookings.

“While the explosive growth of the past three years is normalizing, the sector's underlying resilience remains unshaken,” Thakur said, adding that nearly half the developers are on track to clock more than 20% pre-sales growth.

According to Thakur, moderating unit-sales growth has not translated into weaker booking values, with higher average selling prices, larger apartment sizes and sustained premium-housing demand supporting overall sales value.

Listed, Grade A developers expand footprint

Anarock’s data also shows the growing dominance of listed and Grade A developers in new launches. Between FY26 and Q1 FY27, their share rose from 66% to 70% in NCR, 53% to 57% in Bengaluru, 45% to 46% in Pune and 36% to 39% in Hyderabad. Their share also increased in Chennai from 58% to 60%, Kolkata from 41% to 43% and MMR from 24% to 26%.

Thakur said homebuyers and lenders are increasingly consolidating around financially stronger, transparent developers with proven execution, while future launches are likely to focus on high-visibility projects, phased execution and disciplined capital allocation.