Top Real Estate Developers Target Rs 1.5 Lakh Crore Sales Amid Historic Low Debt Levels

India’s top listed real estate developers are setting ambitious sales targets for FY26, aiming to achieve ₹1.49 lakh crore in pre-sales. According to ANAROCK Research, the top 10 listed players have already secured nearly 30% (₹44,317 crore) of this target in the first quarter alone. This marks a significant increase from the ₹1.21 lakh crore in pre-sales recorded in FY25.

Leading the charge are DLF and Prestige Estates. DLF has already met 52% of its annual pre-sales guidance of ₹20,000–22,000 crore, while Prestige is close behind at 45% of its ₹27,000 crore target. Godrej Properties topped the FY25 charts with ₹29,444 crore, followed by DLF at ₹21,233 crore.

This surge in sales is accompanied by a significant financial turnaround. Developers have reduced their average net debt-to-equity ratio to a historic low of 0.05 in FY25, down from 0.55 in FY17—a 90% reduction. Some major players are now in a net cash position, signaling a sector-wide shift from debt-fueled growth to balance-sheet-driven expansion.

The sector’s financial discipline, combined with favorable monetary conditions and rising investor interest, is creating a trust-driven, performance-led growth cycle. With strong balance sheets and near-zero debt, real estate is becoming a safer bet for institutional and foreign investors, setting the stage for long-term capital inflows.

In summary, top developers are entering FY26 in their best shape in decades—leaner, stronger and ready for aggressive growth.