The general housing sales share of the highest 8 listed realty gamers is growing inexorably y-o-y. As per the most recent ANAROCK information, of the whole sales made in the first 9 months of FY2021 (about 93,140 models) throughout the highest 7 cities, the highest 8 listed gamers’ share stood at 22% whereas non-listed main gamers’ share was 18%. Non-branded builders accounted for a 60% share.
In distinction, of the whole 2.03 lakh models offered in prime 7 cities in FY2017, the share of these prime 8 listed gamers was the bottom at about 6% whereas that of non-listed main gamers stood at 11% and others (non-branded) had a whopping 83% share.
The elevated share of these prime 8 listed gamers through the years supplies a transparent roadmap of homebuyers’ evolving preferences.
The prime 8 listed builders thought of are Brigade Enterprises, Godrej Properties, Kolte-Patil, Mahindra Lifespaces, Oberoi Realty, Prestige Estates, Puravankara, and Sobha.
If we contemplate the whole sales space information of these gamers as per their company displays, they collectively offered as a lot as 21.23 mn sq. ft. space in the first three quarters of monetary year 2021 (Apr-Dec. 2020 interval) regardless of the first wave of COVID-19 – rising by 2% in opposition to the corresponding interval in FY2020, when 20.88 mn sq. ft. had been offered.
Among the listed gamers, Godrej Properties offered the utmost in phrases of space (approx. 6.64 mn sq. ft.) in this era, adopted by Bengaluru-based Prestige Estates with approx. 5.04 mn. sq. ft. house.
Commenting on the identical, Anuj Puri, Chairman, ANAROCK Property Consultants, mentioned, “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 main builders thought of embrace 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 referred to as Macrotech Developers Ltd. which was listed in April 2021).
Listed Developers’ Sales Trend
The prime 8 listed gamers collectively offered approx. 21.23 mn sq. ft. of residential house in the first 9 months of FY21. Complete information for the fourth quarter FY2021 continues to be awaited. Breaking down the information on a quarterly foundation reveals that Q3 FY21 (the Oct.-Dec. interval) was one of the all-time quarters for these listed gamers with whole space offered growing by 77% in opposition to the previous quarter (Q2 FY21 – Jul-Sept).
- Q1 FY21 (Apr.– Jun.) – essentially the most closely impacted by the COVID-19-induced nationwide lockdown – noticed approx. 5.16 mn sq. ft. offered by the highest 8 listed realty gamers.
- Q2 FY 21 (Jul-Sept) noticed solely a meagre enhance regardless of easing of lockdown restrictions – approx. 5.8 mn sq. ft. space was offered in the course of the quarter. This was additionally as a result of the inauspicious ‘shraad’ interval in this quarter causes many patrons to steer clear of property purchases
- The festive quarter of Q3 FY21 noticed a 77% rise in space offered, in opposition to the previous quarter when approx. 10.27 mn sq. ft. space was cumulatively offered by these prime 8 listed gamers.
- In This fall FY21, solely three listed gamers – Brigade Enterprises, Oberoi Realty and Mahindra Lifespaces Developers – had launched their information; in line with this, they’d collectively offered approx. 3.21 mn sq. ft. in this quarter.