The real estate sector is one of the most significant contributors to economic development in India, playing a crucial role in infrastructure growth, employment generation, and capital formation. Traditionally, many real estate companies operated as privately owned entities that relied primarily on internal funding, private investors, and bank loans to finance their development projects. However, with increasing competition, rising project costs, and the growing need for large-scale capital investment, several real estate firms have transitioned from private ownership to publicly listed companies through Initial Public Offerings (IPOs). Public listing provides companies with access to equity markets, allowing them to raise substantial funds from a broader investor base while improving corporate governance, transparency, and market credibility. The primary objective of this study is to analyze the impact of public listing on the financial performance of selected Indian real estate companies. The research focuses on evaluating key financial indicators such as profitability, liquidity, leverage, operational efficiency, and growth performance. The study uses secondary data collected from the annual reports of selected real estate companies, including Kolte-Patil Developers Ltd., Arvind SmartSpaces Ltd., Ajmera Realty & Infra India Ltd., and Hubtown Ltd., covering the period from FY2021 to FY2025. Various financial analysis tools such as ratio analysis, growth analysis, and trend analysis are applied to assess the financial performance of these companies over time. The findings of the study indicate that public listing has contributed to improvements in several financial performance indicators of the selected real estate companies. Profitability ratios such as Net Profit Margin, Return on Equity (ROE), and Return on Assets (ROA) show gradual improvement during the study period, reflecting better operational efficiency and enhanced earnings capability. Liquidity ratios demonstrate improved ability of companies to meet short-term financial obligations, while leverage ratios indicate a gradual reduction in dependence on debt financing. In addition, growth and trend analysis reveal a steady increase in revenue, net profit, and total assets, suggesting expansion in business operations and stronger financial stability. Overall, the study concludes that public listing can positively influence the financial performance and long-term sustainability of real estate companies by improving access to capital, strengthening corporate governance practices, and enhancing investor confidence.