Top Developers Expand Across Mumbai, NCR, Bengaluru, Hyderabad, Pune and Chennai as Housing Demand Stays Strong

India’s leading listed real estate developers are increasingly shifting from regional players to national housing brands as they expand their presence across multiple high-growth markets. According to data released by Anarock, the top 11 listed developers reported combined pre-sales of ₹1.48 trillion during FY26, registering an impressive 18% year-on-year growth.

The expansion strategy is being driven by the need to reduce dependence on a single city while capturing rising housing demand across major metropolitan markets. Cities such as Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru, Hyderabad, Pune and Chennai have emerged as key destinations for new residential launches and investments.

Among the major developers, Prestige Estates recorded the highest growth in pre-sales at 76%, followed by Puravankara at 48%, Rustomjee at 33%, Sobha at 30%, and both Godrej Properties and Lodha at 16%. The strong performance highlights the growing demand for premium and luxury housing across India’s major urban centres.

Godrej Properties has significantly diversified its business over the past few years. While MMR contributed nearly 55% of its pre-sales in FY21, the share dropped to 32% in FY26 as the company expanded into other cities. Similarly, Prestige Estates has reduced its dependence on Bengaluru, with Mumbai, Hyderabad and NCR becoming increasingly important markets in its portfolio.

Lodha has also strengthened its presence beyond Mumbai, generating nearly one-third of its FY26 pre-sales from Pune and Bengaluru. Sobha, Brigade Enterprises and Puravankara have expanded aggressively across Chennai, Hyderabad, Pune and Mumbai to tap new customer segments.

Industry experts believe this trend reflects a structural shift in India’s residential real estate sector. Developers are increasingly focusing on geographic diversification to improve business stability and capture opportunities across multiple growth corridors.

According to Anarock Chairman Anuj Puri, developers with strong premium and luxury housing portfolios have witnessed the strongest growth. He noted that multi-city expansion is emerging as a key growth driver as developers seek to build national-scale residential platforms while reducing exposure to local market cycles.