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Real Estate Bounces Back

Dalal Street Investment Journal

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January 03, 2022

According to an analysis done by Anuj Puri, Chairman, ANAROCK Group, the top nine listed developers have posted 57 per cent year-on-year growth in sales booking revenue in H1FY22

- Anuj Puri

Real Estate Bounces Back

Continuing to reap dividends from the post-pandemic surge in demand for branded homes, the top nine stock exchange-listed developers raked in Ì€ 14,883 crore of revenue bookings in H1FY22 – a sharp uptick from ₹9,483 crore in the same period of the previous fiscal. Even as the second wave of the pandemic wreaked economic havoc during Q1FY22, these players effectively clocked 57 per cent annual growth in their overall residential booking revenues in H1FY22. In terms of area, these nine listed developers sold approximately 18.46 million sq. feet of housing space in H1FY22, again in remarkable contrast to approximately 13.28 million sq. feet in the corresponding period a year ago.

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