Sales bookings by 28 major listed real estate developers fall 21% year-on-year to about ₹39,964 crore (April–June quarter of FY27), reflecting softer demand and fewer launches. Both reports describe a slowdown driven by homebuyer caution and the prevailing market uncertainty.
Godrej Properties leads the rankings by sales bookings, with its pre-sales rising to about ₹8,651 crore from roughly ₹7,082 crore a year earlier. Prestige Estates Projects records a sharp drop, falling to about ₹6,579 crore from about ₹12,126 crore. Several other companies post gains, including Lodha Developers and Sobha, while Signature Global’s bookings decline. The Times of India also notes that some firms face difficulty, but it highlights that analysts expect improvement by the second quarter.
Outlets differ mainly in emphasis: Times of India frames the situation as a “speed bump” with an expected turnaround, while Free Press Journal provides more detailed figures across companies. Free Press Journal attributes the overall fall to lower sales volumes, fewer project launches by some large developers, a high base in the prior year, and cautious sentiment amid global economic uncertainty. It also reports that 19 of the 28 developers register growth, while nine decline.
