92.5 Mn Sq. Ft. of Branded Housing in Top Tier 1, 2, 3 Cities Over Next 2 Years

 Leading listed developers continue their winning streak, with homebuyer preferences increasingly favouring them. Listed players now have their crosshairs trained on tier 2 and 3 cities – for instance, Bengaluru-based Puravankara Ltd. and Sobha Ltd. will expand into Kochi, Coimbatore, GIFT City, Hosur, Thrissur and Thiruvananthapuram. Southern India is a major focus area for these players.

The listed developers considered are Brigade Enterprises, Godrej Properties, Kolte-Patil, Mahindra Lifespace Developers, Prestige Estates, Puravankara Ltd and Sobha Ltd.

Data from the financial presentations of the top 7 listed realty companies reveals that they are gearing up to launch approx. 92.5 Mn sq. ft. of new residential space within the next 1-2 years. Apart from the top 7 cities, they are also zeroing in on these major tiers 2 and 3 cities – and at least 70-75% of this supply may be launched in FY2022 itself.