Mumbai, NCR and beyond: Top developers see sharp FY26 pre-sales surge on multi-city push

Indiarsquos top listed real estate developers posted a robust 18 per cent annual growth in presales revenue in financial year FY26 crossing Rs 148 lakh crore The growth was driven largely by aggressive geographic diversification beyond traditional home markets according to data compiled by ANAROCK ResearchAccording to the analysis of investor presentations annual reports and regulatory filings of 11 major listed developers combined presales rose from Rs 125841 crore in FY25 to Rs 148158 crore in FY26Developers with strong exposure to luxury and premium housing segments outperformed the broader market Prestige Estates led the pack with 76 per cent growth in presales followed by Puravankara at 48 per cent KeystoneRustomjee at 33 per cent Sobha at 30 per cent and both Godrej Properties and Lodha Macrotech at 16 per cent eachGeographic diversification emerges as key growth driverGeographic expansion has emerged as a defining strategy for leading developers with several companies steadily reducing dependence on singlecity markets and building a panIndia presenceGodrej Properties derived nearly 68 per cent of its FY26 presales from markets outside its home base of MMR Prestige Estates recorded around 60 per cent of presales from outside Bengaluru with significant contributions from Mumbai Hyderabad and the NCR Lodha Macrotech generated nearly 32 per cent of its presales from Pune and BengaluruSouth Indiabased developers including Prestige Estates Sobha Brigade Enterprises and Puravankara continued to strengthen their presence across MMR NCR Hyderabad and PuneIn contrast DLF remained heavily concentrated in the NCR with nearly 90 per cent of FY26 presales originating from its home market Signature Global also remained entirely NCRcentricCompanywise presales performanceGodrej Properties reported presales of Rs 29444 crore in FY25 rising to Rs 34171 crore in FY26 an increase of 16 per cent Prestige Estates saw a sharp jump from Rs 17023 crore to Rs 30024 crore up 76 per cent DLF declined marginally from Rs 21223 crore to Rs 20143 crore down 5 per cent Lodha Macrotech rose from Rs 17630 crore to Rs 20530 crore up 16 per centSignature Global reported a decline from Rs 10290 crore to Rs 8250 crore down 20 per cent Brigade Enterprises fell from Rs 7847 crore to Rs 7424 crore down 5 per cent Puravankara rose from Rs 5006 crore to Rs 7407 crore up 48 per cent Oberoi Realty posted a modest increase from Rs 5281 crore to Rs 5447 crore up 3 per cent KoltePatil declined from Rs 2791 crore to Rs 2605 crore down 7 per centKeystone Rustomjee grew from Rs 3028 crore to Rs 4022 crore up 33 per cent while Sobha increased from Rs 6278 crore to Rs 8135 crore up 30 per centPremium housing and multicity expansion drive growthCommenting on the trend Anuj Puri Chairman ANAROCK Group said the strongest growth was witnessed among developers with significant exposure to premium and luxury housingldquoPrestige Estates tops the chart with 76 per cent annual growth in presales followed by Puravankara at 48 per cent KeystoneRustomjee at 33 per cent Sobha at 30 per cent Godrej Properties at 16 per cent and Lodha at 16 per centrdquo he saidPuri added that geographic diversification is increasingly shaping sector performance Developers expanding across multiple markets are better positioned to capture demand across highgrowth corridors while reducing dependence on cyclical singlecity marketsNew launch trends also reflect this shift Leading developers including Godrej Properties Prestige Estates Sobha Lodha Brigade Enterprises and Puravankara have significantly increased launches outside their home marketsFor instance only 32 per cent of Godrej Propertiesrsquo FY26 presales came from MMR compared to 55 per cent in FY21 while Prestige Estates reduced Bengalurursquos share from 90 per cent in FY21 to 40 per cent in FY26The trend signals a transition of leading developers from regional players to national residential platforms supporting more resilient and diversified growth in the sector