Realty sector to see record ₹60,000-cr launches in Q4

Developers say the huge supply will not lead to a glut

- RAGHAVENDRA KAMATH

THE FOURTH QUARTER of the current fiscal year is expected to see a record ₹60,000-crore launches of projects by top listed developers. This is a substantial increase from the ₹24,000-crore worth launches in the corresponding period of the previous year.

A recent report by Kotak Institutional Equities attributed the sharp increase in Q4 of this year to pent-up demand following elections in states such as Maharashtra and Delhi which led to delay in approvals. Launches had fallen 35% in Q3FY25, the report said.

For top-listed developers, the combined launch pipeline for FY2025 stood at 106 million sq. ft with a gross development value (GDV) of ₹1.6 lakh crore in comparison with 88 million sq. ft in FY2024, Kotak said.

Half of the launches in Q4FY25 will be by Bengaluru-based Prestige Estates. "A total of ₹30,000 crore worth of inventory will be brought in this quarter. We are saying this with utmost confidence as most of these projects have been logged in for RERA and should be launched in the next few weeks," said Zayd Noaman, executive director at Prestige Estate Projects, in its Q3 earnings call.