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Godrej Properties, a top brand in the Indian real estate market has announced that it intends to launch housing projects worth an estimated ₹40,000 crore in fiscal year 2025-26 (FY26). The purpose of this large launch is to take market share and consolidate its position as the number one recognized real estate company by sales bookings, according to Executive Chairperson Pirojsha Godrej.
Aiming for Market Leadership
Despite uncertainties in the global economic climate, demand for housing in India continues to be strong. Godrej Properties achieved sales bookings of ₹29,444 crore in FY25, a record, making it the highest seller of any listed real estate company. Now the company is looking to keep the momentum going, planning for sales bookings of ₹32,500 crore in FY26, a 20% increase from the guidance it gave to the market a year earlier of ₹27,000 crore, and a 10% increase from more than ₹29,000 crore of actual sales achieved.
Pirojsha Godrej expressed his optimisim on the trajectory of the company and its consistent path despite the challenges. He stated, "We have always had a strong performance and a solid position in the market. We want to maintain the momentum and expand our business with land acquisition and project launch."
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Leveraging Financial Strength for Expansion
Godrej Properties is in a position to support its ambitious plans. In October 2024, the company raised ₹6,000 crore via a Qualified Institutional Placement (QIP). Together with estimated operating cash flow of ₹7,500 crore, Godrej Properties has a considerable financial reservoir to support new investments and continue growth.
Pirojsha stressed the significance of these funds, "We're well capitalized. We can execute real investment with real capital, and stay focused on the best projects."
Key Projects in the Pipeline
The company’s impressive lineup of new projects for FY26 includes high-profile developments in key markets such as Mumbai and Delhi. Among these are:
- Worli Project: Scheduled for launch in the first half of FY26, this development is expected to attract premium buyers.
- Ashok Vihar, Delhi: A big-ticket project slated for launch by March 2026, which promises to redefine urban living.
These launches, combined with sales from ongoing projects, will help Godrej Properties achieve its ambitious sales booking targets.
Record-Breaking Performance in FY25
Godrej Properties’ achievements in FY25 set the stage for its ambitious FY26 plans. Highlights include:
- Sales Bookings: An all-time high of ₹29,444 crore, a 31% increase from ₹22,527 crore in FY24.
- Project Launches: A total of 34 projects, encompassing 292 lakh square feet, with an estimated sales value of ₹36,600 crore.
- Customer Collections: A sharp rise in collections to ₹17,047 crore from ₹11,436 crore in the preceding year.
Regional Diversity and Market Presence
A major reason for the company s success is its diversified market exposure. Godrej Properties projects are in tier-I cities Delhi-NCR, Mumbai Metropolitan Region, Pune, Bengaluru, and Hyderabad, and the company is also present in smaller cities for plotted developments. This dispersion of markets makes Godrej Properties less dependent on one market, which now makes it possible, its growth is stable and continuous.
Financial and Market Highlights
Godrej Properties' consolidated net profit for FY25 was ₹1,399.89 crore, a 93% increase from ₹725.27 crore in FY24. The company's total income rose to ₹6,967.05 crore from ₹4,334.22 crore in the previous fiscal.
Furthermore, according to PropEquity data, the company's share of the estimated tier-I residential market of ₹6.9 lakh crore expanded to 4.3%.
Future Outlook
In pursuit of growth, the board of the company recently approved raising up to ₹2,000 crore through non-convertible debentures (NCDs) and other debt instruments. This step also enhances its financial position and readiness to take advantage of future opportunities.
Godrej Properties continues to have a consistent focus on quality, customer satisfaction, and financial prudence, during which time it has become a trusted name in real estate. The company has firm plans and vision to lead the real estate industry to a new level of growth and innovation.
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Ans 1. The goal is to consolidate its market leadership position, achieve sales bookings of ₹32,500 crore, and maintain its status as the top real estate company in India by sales bookings.
Ans 2. Sales Bookings: ₹29,444 crore (31% increase from FY24) Project Launches: 34 projects, covering 292 lakh square feet Customer Collections: ₹17,047 crore (up from ₹11,436 crore in FY24) Net Profit: ₹1,399.89 crore (93% increase from FY24)
Ans 3. Worli Project (Mumbai): Premium development expected to launch in H1 FY26. Ashok Vihar Project (Delhi): High-profile urban living project slated for launch by March 2026.
Ans 4. The company has raised ₹6,000 crore through a Qualified Institutional Placement (QIP) and expects operating cash flows of ₹7,500 crore. Additionally, it plans to raise up to ₹2,000 crore through non-convertible debentures (NCDs) and other debt instruments.
Ans 5. Godrej Properties operates across tier-I cities like Mumbai, Delhi-NCR, Pune, Bengaluru, and Hyderabad, along with smaller cities for plotted developments. This diversification reduces dependence on any single market, ensuring stable and continuous growth.
Ans 6. According to PropEquity data, Godrej Properties' share in the estimated ₹6.9 lakh crore tier-I residential market grew to 4.3%.
Ans 7. The company has focused on strategic land acquisitions, a strong financial base, diversified market presence, and delivering high-quality projects that meet customer expectations.
Ans 8. Premium developments in high-demand cities like Mumbai and Delhi attract a large base of buyers and contribute significantly to sales bookings, helping Godrej achieve its ambitious financial targets.