The general housing sales share of the leading 8 listed realty players is rising inexorably y-o-y. As per the most recent ANAROCK information, of the total sales made in the very first nine months of FY2021 (about 93,140 units) across the leading 7 cities, the leading 8 listed players’ share stood at 22% when non-listed top players’ share was 18%. Non-branded developers accounted for a 60% share.
In contrast, of the total 2.03 lakh units sold in leading 7 cities in FY2017, the share of these leading 8 listed players was the lowest at about 6% when that of non-listed top players stood at 11% and other people (non-branded) had a whopping 83% share.
The elevated share of these leading 8 listed players more than the years offers a clear roadmap of homebuyers’ evolving preferences.
The leading 8 listed developers regarded as are Brigade Enterprises, Godrej Properties, Kolte-Patil, Mahindra Lifespaces, Oberoi Realty, Prestige Estates, Puravankara, and Sobha.
If we think about the total sales location information of these players as per their firm presentations, they collectively sold as a lot as 21.23 mn sq. ft. location in the very first 3 quarters of monetary year 2021 (Apr-Dec. 2020 period) in spite of the very first wave of COVID-19 – increasing by 2% against the corresponding period in FY2020, when 20.88 mn sq. ft. had been sold.
Among the listed players, Godrej Properties sold the maximum in terms of location (approx. 6.64 mn sq. ft.) in this period, followed by Bengaluru-based Prestige Estates with approx. 5.04 mn. sq. ft. space.
Commenting on the very same, Anuj Puri, Chairman, ANAROCK Property Consultants, stated, “After the roll-out of structural policies including RERA and GST, organized and branded players’ dominance has risen exponentially. Homebuyer demand has tilted towards branded products. Both listed and leading developers have been catering to this new demand with projects for the affordable and mid-income segments, rather than playing only to the luxury homes gallery. This demand-supply equilibrium has helped keep sales momentum going during the pandemic, when housing demand rose significantly.”
“The top 8 listed players’ sales share increased to 22% from April to December 2020 – a major increase from 6% in FY 2017. Even non-listed leading developers have ramped up their share from 11% in FY 2017 to 18% now. It is a major and ongoing realignment in residential real estate demand and supply,” he added.
Source: Listed Companies information & ANAROCK Research
Top top developers regarded as involve Aparna Constructions and Estates, Assetz Property, ATS Green, Casagrand Builders, Kalpataru, Lodha Group, My Home Constructions, Piramal Realty, Runwal Group, Salarpuria Sattva, Shriram Properties, Signature Global, Sunteck Realty, TATA Housing Development Co., The Shapoorji Pallonji Group, The Wadhwa Group, VTP Realty and Lodha Group (now identified as Macrotech Developers Ltd. which was listed in April 2021).
Listed Developers’ Sales Trend
The leading 8 listed players collectively sold approx. 21.23 mn sq. ft. of residential space in the very first nine months of FY21. Complete information for the fourth quarter FY2021 is nevertheless awaited. Breaking down the information on a quarterly basis reveals that Q3 FY21 (the Oct.-Dec. period) was one of the most effective-ever quarters for these listed players with total location sold rising by 77% against the preceding quarter (Q2 FY21 – Jul-Sept).
- Q1 FY21 (Apr.– Jun.) – the most heavily impacted by the COVID-19-induced national lockdown – saw approx. 5.16 mn sq. ft. sold by the leading 8 listed realty players.
- Q2 FY 21 (Jul-Sept) saw only a meagre boost in spite of easing of lockdown restrictions – approx. 5.8 mn sq. ft. location was sold in the course of the quarter. This was also simply because the inauspicious ‘shraad’ period in this quarter causes quite a few purchasers to steer clear of home purchases
- The festive quarter of Q3 FY21 saw a 77% rise in location sold, against the preceding quarter when approx. 10.27 mn sq. ft. location was cumulatively sold by these leading 8 listed players.
- In Q4 FY21, only 3 listed players – Brigade Enterprises, Oberoi Realty and Mahindra Lifespaces Developers – had released their information according to this, they had collectively sold approx. 3.21 mn sq. ft. in this quarter.