Listed developers' housing bookings drop 21% YoY amid buyer hesitation
Sales bookings for major listed real estate developers fell 21% year-on-year as homebuyer caution weighed on the market. Godrej Properties led the segment, while Prestige Estates Projects recorded a significant decline. In contrast, Max Estates and Mahindra Lifespace bucked the trend with strong growth. Firms such as DLF and Oberoi Realty also faced headwinds during this period. Analysts, however, remain optimistic and expect a recovery in housing sales by the second quarter.
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