Leading Realtors See Pre-Sales Boom in FY24

DLF, one of the country's top real estate players, has recorded pre-sales of ?2,040 crore in the first quarter of FY24, marking a substantial year-on-year increase. Similarly, Macrotech Developers (Lodha) has seen pre-sales soar to ?3,300 crore, driven by high demand in both luxury and mid-income housing segments. Godrej Properties also reported impressive pre-sales, attributing the growth to new project launches and strategic sales initiatives.

The boom in pre-sales is largely attributed to a combination of factors including lower interest rates, increased consumer confidence, and a renewed focus on homeownership post-pandemic. Additionally, the implementation of the Real Estate (Regulation and Development) Act (RERA) has boosted buyer confidence by ensuring greater transparency and accountability in the sector.

Industry experts predict that this upward trend will continue, fueled by urbanisation, rising disposable incomes, and government incentives for affordable housing. Developers are optimistic about sustaining this growth momentum, with many planning to launch new projects and expand their footprints in key markets.

The positive pre-sales performance not only highlights the resilience of the real estate sector but also underscores its critical role in the overall economic recovery. As developers adapt to changing consumer preferences and market dynamics, the outlook for the real estate industry remains bullish for the remainder of FY24.