DLF, Godrej and 9 top builders plan to sell ₹1.82 lakh crore worth homes in FY27; what homebuyers should know

India’s leading listed residential developers are expected to sustain strong sales momentum despite higher property prices, rising construction costs and global economic and geopolitical uncertainty.

11 developers | ₹1.82 lakh crore estimated FY27 pre-sales | 22.3% growth

Source: ANAROCK Research & Advisory

The combined pre-sales of 11 listed developers are estimated to rise from ₹1.49 lakh crore in FY26 to ₹1.82 lakh crore in FY27.That represents an estimated 22.3% year-on-year increase, highlighting continued strength in India's organised residential market.​
Key takeaway:
FY26 pre-sales: ₹1,487 billion
FY27 estimated pre-sales: ₹1,819 billion
Estimated growth: 22%Source: ANAROCK Research & Advisory

Among the 11 developers analysed, 10 are projected to report positive pre-sales growth in FY27, while DLF is expected to remain broadly flat.
Estimated FY27 pre-sales growth:
Oberoi Realty: +141%
Puravankara: +51%
Mahindra Lifespaces: +41%
Sobha: +31%
Rustomjee: +25%
Brigade: +22%
Signature Global: +22%
Prestige: +18%
Lodha: +17%
Godrej Properties: +14%
DLF: 0%
Nearly half of the developers are projected to achieve more than 20% growth.
Source: ANAROCK Research & Advisory

The growth story is not limited to percentage increases. Several large developers are expected to deliver substantial booking values in FY27.
Estimated FY27 pre-sales:
Godrej Properties: ₹39,000 crore
Prestige Estates: ₹35,300 crore
Lodha: ₹24,000 crore
DLF: ₹20,000 crore
Oberoi Realty: ₹13,000 crore
Puravankara: ₹11,200 crore
Sobha: ₹10,600 crore
Signature Global: ₹10,000 crore
Brigade: ₹9,000 crore
Rustomjee: ₹5,000 crore
Mahindra Lifespaces: ₹4,800 croreSource: ANAROCK Research & Advisory

Despite aggressive launch plans, the developers are expected to maintain disciplined inventory levels.
The inventory-to-annual bookings ratio ranges from 0.07x to 2.70x based on FY27 estimates.
Most developers have inventory equivalent to less than 1.5 years of annual bookings, indicating a relatively healthy balance between launches and sales.
Why it matters:Lower inventory overhang can reduce pressure on cash flows while allowing developers to maintain a pipeline of homes for future sales.​
Source: ANAROCK Research & Advisory

Unit sales growth may be moderating, but booking values remain resilient.
According to ANAROCK, three factors are supporting developers’ pre-sales:
1. Rising average selling prices
Higher property prices are lifting the value of bookings.
2. Larger apartment sizes
Increasing home sizes are contributing to higher ticket values.
3. Strong premium-housing demand
Demand for higher-end homes continues to support booking momentum.
This combination is helping developers maintain strong pre-sales despite rising property and construction costs.
Source: ANAROCK Research & Advisory

ANAROCK’s analysis indicates that aggregate net debt among a broader group of listed developers remained largely stable in FY26, even as combined pre-sales increased by about 18%.

Several developers continue to maintain net cash positions, with cash and cash equivalents exceeding outstanding debt.

What this indicates:
Growth has not been accompanied by a major increase in aggregate leverage.
Internal accruals and operating cash flows have supported expansion.
Several developers strengthened their net cash surplus during FY26.
Source: ANAROCK Research & Advisory

The share of listed and Grade A developers in new residential launches increased across most major markets between FY26 and Q1 FY27.

Bottom line:The rising share of organised developers, healthy pre-sales projections and disciplined balance sheets point to continued confidence in India’s residential real estate market despite global headwinds.

Source: ANAROCK Research & Advisory