By FY26 sales bookings, the ten largest listed real estate companies in India are Godrej Properties (₹34,171 crore), Prestige Estates Projects, Lodha Developers, DLF, Signature Global, Aditya Birla Real Estate, Sobha, Brigade Enterprises, Puravankara and Oberoi Realty. By market capitalisation on 5 October 2026, DLF is the largest, at about ₹1.66 lakh crore.
Top 10 Real Estate Companies in India at a Glance
The order below uses one public measure: sales bookings (pre-sales) for the financial year 2025-26, as reported by the companies and compiled by PTI in June 2026 for 28 listed developers. Listed developers that did not disclose a bookings figure are not part of that compilation.
| Rank by FY26 bookings | Company | FY26 sales bookings |
|---|---|---|
| 1 | Godrej Properties | ₹34,171 crore |
| 2 | Prestige Estates Projects | ₹30,024 crore |
| 3 | Lodha Developers (formerly Macrotech Developers) | ₹20,530 crore |
| 4 | DLF | ₹20,143 crore |
| 5 | Signature Global | ₹8,250 crore |
| 6 | Aditya Birla Real Estate | ₹8,136 crore |
| 7 | Sobha | ₹8,135 crore |
| 8 | Brigade Enterprises | ₹7,424 crore |
| 9 | Puravankara | ₹7,407 crore |
| 10 | Oberoi Realty | ₹5,447 crore |
Max Estates, with FY26 bookings of ₹5,305 crore, falls just outside the ten. Macrotech Developers changed its name to Lodha Developers Limited with effect from 16 June 2025, so both names refer to the same company.
Largest Listed Developers by Market Capitalisation
Ordering by market value gives a different list from ordering by bookings. The table shows the six largest constituents of the Nifty Realty index by market capitalisation at the close of 5 October 2026, with each company's weight in the index from the NSE factsheet dated 30 September 2026. Market capitalisation changes every trading day.
| Company | Market capitalisation (5 October 2026) | Nifty Realty weight (30 September 2026) |
|---|---|---|
| DLF | ₹1,66,341 crore | 20.38% |
| Lodha Developers | ₹1,12,497 crore | 15.90% |
| Phoenix Mills | ₹68,996 crore | 17.05% |
| Oberoi Realty | ₹64,347 crore | 9.80% |
| Prestige Estates Projects | ₹62,241 crore | 11.79% |
| Godrej Properties | ₹48,347 crore | 10.38% |
The Nifty Realty index has 10 constituents and is calculated on free-float market capitalisation, which is why index weights do not follow total market capitalisation exactly. Godrej Properties, first by FY26 bookings, is sixth in this table, and Phoenix Mills, a retail mall operator, does not appear in the bookings list at all.
Company Profiles and Key Markets
The largest developers differ in where they sell and in how much of their sales has already been recognised as revenue. Bookings record the value of homes sold during the year; revenue is recognised later, as projects are completed and handed over, so the two figures for one year can be far apart.
| Company | Markets named in FY26 disclosures | FY26 sales bookings | FY26 consolidated revenue |
|---|---|---|---|
| Prestige Estates Projects | Bengaluru, NCR, Mumbai, Hyderabad, Chennai | ₹30,024 crore | ₹13,195.5 crore |
| Lodha Developers | Mumbai Metropolitan Region, Pune, Bengaluru | ₹20,530 crore | ₹16,676.2 crore |
| DLF | Gurugram, Mumbai | ₹20,143 crore | ₹10,174 crore |
| Oberoi Realty | Mumbai | ₹5,447 crore | ₹6,009.06 crore |
Godrej Properties' FY26 bookings came from the sale of 17,515 homes covering 27 million square feet. The Mumbai Metropolitan Region contributed ₹10,313 crore, Bengaluru ₹8,802 crore, Delhi NCR ₹7,410 crore, Pune ₹3,659 crore and Hyderabad ₹2,360 crore. The company's collections for the year were ₹19,965 crore.
DLF's FY26 bookings were led by three projects: DLF Privana North in Gurugram (more than ₹11,000 crore), The Dahlias (about ₹4,800 crore) and DLF Westpark, its first project in Mumbai (more than ₹2,300 crore). DLF reported net profit of ₹4,256 crore before exceptional items for FY26 and a net cash position of ₹14,155 crore, in results announced on 13 May 2026.
Prestige Estates Projects crossed ₹30,000 crore of annual bookings for the first time in FY26. Lodha Developers crossed ₹20,000 crore for the first time in the same year.
Sales Bookings of Listed Developers
The 28 listed developers in the PTI compilation reported combined sales bookings of about ₹1.95 lakh crore in FY26, up 17% from about ₹1.66 lakh crore in FY25. The top five companies accounted for nearly 60% of the total.
| Company | FY25 sales bookings | FY26 sales bookings |
|---|---|---|
| Godrej Properties | ₹29,444 crore | ₹34,171 crore |
| Prestige Estates Projects | ₹17,023 crore | ₹30,024 crore |
| Lodha Developers | ₹17,630 crore | ₹20,530 crore |
| DLF | ₹21,223 crore | ₹20,143 crore |
| Signature Global | ₹10,290 crore | ₹8,250 crore |
| Oberoi Realty | ₹5,281 crore | ₹5,447 crore |
| Max Estates | ₹5,321 crore | ₹5,305 crore |
Godrej Properties' bookings rose 16% and were the highest reported by any listed developer for the year. Prestige Estates Projects' bookings rose 76%, which moved it to second place, and Lodha Developers' rose 16%. Bookings at DLF, Signature Global and Max Estates were lower in FY26 than in FY25.
Listed vs Unlisted Developers: What a Buyer Should Check
A listed developer publishes quarterly financial results and operational updates through the stock exchanges, so its bookings, collections, debt and profit are public. An unlisted developer has no such disclosure requirement, and a buyer has less financial information about the company behind the project.
The Real Estate (Regulation and Development) Act, 2016 (RERA) applies to both in the same way. Under Section 4(2)(l)(D) of the Act, a promoter must declare that 70% of the amounts realised from allottees will be deposited in a separate account in a scheduled bank, to be used only for the cost of construction and the land cost of that project. Withdrawals from this account must be in proportion to the percentage of completion of the project and must be certified by an engineer, an architect and a chartered accountant in practice.
The details a promoter files with its application for registration are held by the state RERA authority for each project. The financial strength of the developer, whether listed or not, does not change these project-level requirements.
Home Loans for Projects by Large Developers
The Reserve Bank of India's loan-to-value (LTV) limits for housing loans depend on the loan amount, not on the size of the developer. A project by a large listed developer is subject to the same ceilings as any other project.
| Loan amount | Maximum LTV ratio |
|---|---|
| Up to ₹30 lakh | 90% |
| Above ₹30 lakh and up to ₹75 lakh | 80% |
| Above ₹75 lakh | 75% |
The remainder of the property cost is the buyer's own contribution. For a loan above ₹75 lakh, that is at least 25% of the property value.
What is the most successful real estate company
The answer depends on the measure. Godrej Properties leads on FY26 sales bookings, DLF leads on market capitalisation and index weight, and Lodha Developers reported the highest FY26 revenue among the four large developers whose revenue is shown above.
| Measure | Company | Figure | Period or date |
|---|---|---|---|
| Sales bookings | Godrej Properties | ₹34,171 crore | FY26 |
| Growth in sales bookings among the top four | Prestige Estates Projects | 76% | FY26 over FY25 |
| Market capitalisation | DLF | ₹1,66,341 crore | 5 October 2026 |
| Weight in Nifty Realty | DLF | 20.38% | 30 September 2026 |
| Consolidated revenue | Lodha Developers | ₹16,676.2 crore | FY26 |
| Net cash position | DLF | ₹14,155 crore | End of FY26 |
What are the Top 10 Real Estate Companies in India (2026)
Ranked by FY26 sales bookings among listed developers that disclosed the figure, the ten are:
- Godrej Properties: ₹34,171 crore
- Prestige Estates Projects: ₹30,024 crore
- Lodha Developers: ₹20,530 crore
- DLF: ₹20,143 crore
- Signature Global: ₹8,250 crore
- Aditya Birla Real Estate: ₹8,136 crore
- Sobha: ₹8,135 crore
- Brigade Enterprises: ₹7,424 crore
- Puravankara: ₹7,407 crore
- Oberoi Realty: ₹5,447 crore
Ranked by market capitalisation on 5 October 2026, the order at the top is DLF, Lodha Developers, Phoenix Mills, Oberoi Realty, Prestige Estates Projects and Godrej Properties.
Key Takeaways
- Godrej Properties reported the highest FY26 sales bookings among listed developers, ₹34,171 crore, up 16% from ₹29,444 crore in FY25.
- DLF had the largest market capitalisation among Nifty Realty constituents on 5 October 2026, about ₹1.66 lakh crore, and the largest index weight, 20.38%, on 30 September 2026.
- The 28 listed developers tracked reported combined FY26 bookings of about ₹1.95 lakh crore, up 17%, with the top five accounting for nearly 60%.
- RERA's 70% separate-account rule and the RBI's LTV limits apply to every project, whatever the size of the developer.
Frequently Asked Questions (FAQs)
Which is the largest real estate company in India by revenue in 2026?
Lodha Developers reported FY26 revenue of ₹16,676.2 crore, up about 21% from FY25. That is higher than the FY26 revenue reported by Prestige Estates Projects (₹13,195.5 crore), DLF (₹10,174 crore) and Oberoi Realty (₹6,009.06 crore).
Which real estate builder holds the highest market weight in Nifty Realty?
DLF had the highest weight in the Nifty Realty index, 20.38%, in the NSE factsheet dated 30 September 2026. Phoenix Mills was second at 17.05% and Lodha Developers third at 15.90%.
Are properties built by top Indian real estate companies RERA compliant?
RERA applies to projects, not to companies, so compliance is determined project by project. Each project is registered separately with the state RERA authority, and the 70% separate-account requirement under Section 4(2)(l)(D) applies to each registered project.
What GST rate applies to residential flats bought from major developers?
Under-construction residential flats attract 5% GST without input tax credit. Affordable housing units, priced up to ₹45 lakh and with a carpet area of up to 60 square metres in metropolitan cities or 90 square metres elsewhere, attract 1% GST without input tax credit. GST does not apply to a flat sold after the completion or occupancy certificate has been issued.
