New Delhi, April 11 -- Residential real estate companies are on a roll. Pre-sales or booking numbers of large realty firms for the March quarter (Q4FY24) indicate solid momentum, likely supported by slew of new project launches and existing inventory.

For instance, Macrotech Developers Ltd (Lodha) achieved pre-sales Rs.4,230 crore, up 40% year-on-year, aided by new launches in Mumbai. With that, it achieved its FY24 sales bookings target. Prestige Estates Projects Ltd saw pre-sales of Rs.4,707 crore in Q4, leading to record pre-sales of Rs.21,040 crore in FY24. Godrej Properties Ltd, which launched Godrej Zenith in Gurgaon and Godrej Reserve in Mumbai, surpassed Prestige with pre-sales of Rs.22,500 crore in FY24.

On the other hand, Sunt...