Seven listed developers that build homes in Bengaluru and Hyderabad have now reported their July to September 2026 numbers. Together they booked about ₹27,345 crore of sales in the quarter. Godrej Properties sold the most by value, Arvind SmartSpaces grew the fastest and Lodha Developers earned the most profit.
Which developer sold the most homes in Q2 FY27?
| Developer | Q2 FY27 sales | Change | Q2 net profit | Change |
|---|---|---|---|---|
| Godrej Properties | ₹8,008 Cr | −6% | ₹154 Cr | −62% |
| Prestige Estates | ₹7,225 Cr | +20% | ₹224 Cr | −48% |
| Lodha Developers | ₹5,037 Cr | +10% | ₹1,013 Cr | +28% |
| Sobha | ₹2,206 Cr | +16% | ||
| Puravankara | ₹2,136 Cr | +62% | ||
| Brigade Enterprises | ₹1,827 Cr | ₹219 Cr | +29% | |
| Arvind SmartSpaces | ₹906 Cr | +110% | ₹23 Cr | +25% |
Godrej and Prestige Estates were well ahead of the rest, together making up more than half of the group’s sales. Prestige was the only one of the top three to grow sales by double digits, up 20%. Among the smaller names, Puravankara grew 62% and Arvind 110%, both helped by new launches.
Why did Godrej and Prestige profits fall while sales held up?
Sales count the homes booked in the quarter. Profit is counted only when finished homes are handed over, so it reflects projects sold three or four years ago. Godrej’s profit fell 62% and Prestige’s 48% because fewer projects were completed this quarter, not because fewer people bought.
Lodha shows the other side. It handed over more completed homes, so its profit rose 28% to ₹1,013 crore, more than the other six combined. Its net debt is only about 0.2 times its equity.
Which developer charges the most per Sq.Ft.?
- Sobha: ₹15,522 per Sq.Ft. on average, up about 14%
- Brigade: about ₹14,000 per Sq.Ft., our calculation from ₹1,827 crore on 1.3 million Sq.Ft.
- Godrej: about ₹12,900 per Sq.Ft., our calculation from ₹8,008 crore on 6.2 million Sq.Ft.
- Prestige: ₹12,375 per Sq.Ft. on average
- Puravankara: ₹11,651 per Sq.Ft., up 32%, the sharpest rise in the group
These are averages across every city and project each developer sold in, so they show how premium each brand’s mix is rather than the price of any single project.
How much will these developers launch before March 2027?
- Prestige: launches worth more than ₹40,000 crore in October 2026 to March 2027, and a full-year sales target of ₹35,000 to 36,000 crore
- Godrej: launches worth about ₹32,000 crore and H2 bookings of ₹22,500 to 25,000 crore
- Sobha: eight launches worth about ₹18,000 crore planned for H2
- Brigade: a ₹9,000 crore sales target for FY27, which needs a strong second half
- Lodha: expects to beat its full-year profit guidance
Is it a good time to buy from these developers?
The results are good news for buyers in two ways. First, collections are strong: Godrej’s rose 31%, Arvind’s 77% and Sobha’s hit a record ₹2,084 crore. Money coming in on schedule keeps construction funded, which lowers the risk of delays on projects you have already booked.
Second, the launch pipeline is the largest in years, with Bengaluru and Hyderabad taking the biggest share. More launches mean more choice and more launch-phase offers through early 2027. With average prices still rising at Sobha and Puravankara, the first phase of a new project is usually its cheapest, so compare price per Sq.Ft. and the RERA completion date across projects before you book.
Vikas H S is the Project Reviewer at BookNewProperty. He reviews every project page against the developer and the state RERA portal, and writes the site's developer results and market news in plain language for first-time buyers.
Related news
