Godrej Properties Ltd Targets ₹32,500 Crore Sales Bookings by 2025-26
Godrej Properties Ltd (GPL) aims to achieve ₹32,500 crore in sales bookings by 2025-26, following FY25 sales of over ₹29,444 crore from 15,000 homes. This marks the highest-ever sales bookings by an Indian real estate firm.
Sales will be generated from new project launches and existing inventory in projects of the Mumbai-based developer. This is the eighth consecutive year of booking value growth, and the second successive year that GPL has emerged as the largest property developer by sales bookings.
Net Profit Declines 19% in Q4, Revenue Jumps 48.8%
Despite a drop in profit in the fourth quarter, the developer posted a 92% jump in FY25 net profit to ₹1,399.89 crore. Revenue in 2024-25 increased 62% to ₹4,922.84 crore.
The National Capital Region (NCR), Mumbai Metropolitan Region (MMR), and Bengaluru—the top three property markets for GPL—contributed ₹10,523 crore, ₹8,034 crore, and ₹5,089 crore, respectively, to its FY25 booking value.
Sales Growth Amid Analysts’ Warnings
Despite analysts indicating a slight plateauing in home sales, GPL’s sales growth comes when analyst reports have indicated a slight plateauing in home sales.
Conservative Guidance for FY26
Both home sales and business development will stay strong in the current financial year, said Godrej Properties executive chairperson Pirojsha Godrej. "Our view is that for the better brands and strong real estate players like us, there is good demand. Despite rapid growth, our market share in the top markets we operate in is under 5%. If we can execute well, there is nothing stopping us from increasing market share, and there is a huge growth opportunity in all the markets," Godrej said in an interview with THE PRIME NEWS NETWORK.
FY25 Projects and Business Development Guidance
GPL added 14 new projects in FY25 with a total estimated saleable area of around 19 million sq. ft. and total estimated booking value potential of ₹26,450 crore. For FY26, the developer has given a conservative business development guidance of ₹20,000 crore.
GPL raised ₹6,000 crore through a qualified institutional placement (QIP) in December, and generated operating cash flow of ₹7,484 crore in FY25—most of which will be used towards business development or acquiring land to expand its project portfolio.
Competitors’ Outlook
Macrotech Developers, which operates under the ‘Lodha’ brand name, expects ₹21,000 crore of pre-sales or bookings in FY26, versus ₹17,500 crore last fiscal. "GPL took several steps over the years in terms of strategy and operations, including building a nationwide presence, investing aggressively in land and business development before the others, which gave us an edge," Godrej said.
Reference : https://www.livemint.com/companies/news/godrej-properties-to-see-strong-sales-business-development-in-fy26-pirojsha-godrej-11746174745763.html
