Housing sales hit a speed bump as listed developers' bookings fall 21%

In a challenging market, homebuyer hesitation has resulted in a 21% decrease in sales bookings year-on-year for prominent developers. Leading this space is Godrej Properties, while Prestige Estates Projects faced a notable drop. Yet, companies like Max Estates and Mahindra Lifespace enjoyed robust growth. Despite the struggles of firms like DLF and Oberoi Realty, analysts predict a positive turnaround in sales by the second quarter.

By TOI REAL ESTATE DESK