InvestorQ : How are the real estate developers doing in the first half of this year?
sarah Leo made post

How are the real estate developers doing in the first half of this year?

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Rashi Mehra answered.
2 weeks ago
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In fact, in midst of all this pessimism and valuation concerns, the one sector that is seeing some real grassroot traction is the realty sector. In fact, the real estate developers have been building top line consistently with order books overflowing and they have been booking revenues that have made a big leap compared to the previous year. Just to give a picture. top 9 listed realty developers collected Rs.14,883 crore booking revenue in H1.

The booking revenues have actually grown by 56.94% yoy in the first half of this fiscal year. This data was put out by a research study by leading real estate consultant, Anarock. As per Anarock, close to 18.46 million square feet of residential space was sold by the top 9 realty players in India in H1, growing by 39% on yoy basis. If you just look at the Sep-21 quarter, these 9 real estate players sold homes worth Rs.10,669 crore, 89% higher than last year.

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