Realty Majors Achieve 30 Percent of FY26 Pre-Sales Target in Q1

In spite of macroeconomic headwinds and high housing costs, India's listed Realty Top 10 developers are well-placed to achieve their lofty pre-sales target of Rs.1.49 lakh crore for FY26. As per ANAROCK Research, the group has already crossed nearly 30 percent, Rs.44,317 crore of the mark in Q1.

"Top 10 listed developers' investor presentations and regulatory filings indicate that nearly 30 percent of the pre-sales target has already been secured in Q1 FY26. They are well-set to reach more than Rs.1.49 lakh crore," ANAROCK stated in its report.

Among standalone players, DLF Ltd. and Prestige Estates have led early on, reaching 52 percent and 45 percent of their full-year pre-sales targets, respectively. 

Key Highlights:

• Top 10 listed realty firms clocked Rs.44,317 crore pre-sales in Q1 FY26, 30 percent of their annual target of Rs.1.49 lakh crore
• DLF and Prestige Estates led with 52 percent and 45 percent of their yearly sales goals achieved in just one quarter
• Developers’ net debt-to-equity ratio dropped to 0.05 in FY25, reflecting a 90 percent fall since FY17, boosting investor confidence

"DLF has achieved close to 52 percent of its Rs.20,000 to 22,000 crore target in the first quarter alone, while Prestige has reached almost 45 percent of its Rs.27,000 crore target," stated Anuj Puri, Chairman, ANAROCK Group.

The report also noted a steep increase in land buying. In H1 2025 alone, 2,898 acres were bought under 76 deals—1.15 times the deals that were closed in the entire year of 2024.

Most importantly, balance sheets have improved after decades of deleveraging. The mean net debt-to-equity ratio for listed developers declined to 0.05 in FY25 from a high of 0.55 in FY17, a 90 percent decline. "This deleveraging period will benefit Indian real estate in the long run. With low D/E levels and healthy equity flows, developers can now grow strategically and establish consumer confidence," said Puri.

Also Read: The Rise of Commercial Real Estate in New Gurgaon: A Game Changer for Investors

Industry experts opine that the shift of the sector from leverage-driven to balance-sheet-driven growth has increased investor optimism, thereby making it more appealing for institutional and foreign capital inflows.