The general housing sales share of the top-8 listed realty gamers went up from six per cent in FY17 to 22 per cent in FY21, stated a brand new report.
Of the full sales made in the primary 9 months of FY21 (round 93,140 models) throughout the top-7 cities, the top-8 listed gamers’ share stood at 22 per cent whereas non-listed gamers’ share was 18 per cent. Non-branded builders accounted for 60 per cent share.
In distinction, of the full 203,000 models bought in top-7 cities in FY17, the share of these top-8 listed gamers was the bottom at about six per cent whereas that of non-listed main gamers stood at 11 per cent and others (non-branded) had as a lot as 83 per cent share.
The rising share of these top-8 listed players–Brigade Enterprises, Godrej Properties, Kolte-Patil, Mahindra Lifespaces, Oberoi Realty, Prestige Estates, Puravankara, and Sobha–provides a transparent roadmap of homebuyers’ evolving preferences.
Together they bought as a lot as 21.23 million sq ft space throughout the first three quarters of monetary year 2021 (April-Dececember 2020 interval) regardless of the primary wave of Covid-19, up two per cent towards the corresponding interval in FY20, when 20.88 million sq ft have been bought.
Among the listed companies, Godrej Properties bought probably the most by space (6.64 million sq ft) in this era, adopted by Bengaluru-based Prestige Estates with 5.04 million sq ft area.
Anuj Puri, Chairman–Anarock Property Consultants, says, “After the roll-out of structural policies including Rera and GST, organised 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.”
He added: “Even non-listed leading developers have ramped up their share from 11 per cent in FY17 to 18 per cent now. It is a major and ongoing realignment in residential real estate demand and supply.”