Godrej Properties Targets Record ₹32,500 Crore Sales in FY26

Godrej Properties Ltd (GPL) is poised to achieve a record sales target of ₹32,500 crore for the financial year 2025-26, having already secured ₹15,587 crore in sales bookings from 8,753 housing units during the first half of the fiscal. This figure represents approximately 48% of the company’s ambitious goal and is expected to set a new benchmark for annual sales among Indian real estate developers.

The performance of Godrej Properties highlights the increasing prominence of established developers within India’s housing market. This surge is largely driven by a strong pipeline of new project launches and a strategic focus on premium developments that offer higher profit margins. During the July-September quarter, the Mumbai-based company reported the sale of 4,522 homes worth ₹8,505 crore, marking a remarkable 64% increase year-on-year. Notably, this marks the ninth consecutive quarter in which GPL has achieved sales exceeding ₹5,000 crore, a first within the real estate sector.

Despite this impressive sales growth, the company reported a 32% decline in revenue from operations, totaling ₹740.38 crore in the second quarter compared to the same period last year. This reduction is attributed to lower project deliveries, as revenue recognition occurs based on the completion of project milestones. Nevertheless, net profit rose by 20.7%, reaching ₹402.99 crore during the period.

Pirojsha Godrej, the executive chairperson of Godrej Properties, expressed confidence in the company’s trajectory, noting that GPL’s quarterly sales in Q2 surpassed its annual bookings for FY22. The company has ambitious plans to deliver around 10 million square feet of projects in FY26, significantly enhancing its offerings in the market. Last year, GPL set a record by selling 15,000 homes worth ₹29,444 crore, the highest ever recorded by an Indian real estate firm.

Strategic Expansion and New Developments

Godrej Properties has recently launched four new projects, with an estimated saleable area of 5.82 million square feet and an expected booking value of ₹4,850 crore in the quarter ending September. One of the key anticipated launches is a luxury project located in the upscale Worli area of Mumbai.

Godrej emphasized in an analyst call that the company sees significant potential for growth over the coming years, particularly through diversification into various micro-markets within cities. This includes entering smaller cities for plotted developments, which may eventually lead to opportunities in group housing.

The top four developers in India, including Godrej Properties, are collectively targeting to exceed ₹1 trillion in residential sales for FY26, indicating a robust year for prominent players in the real estate sector. While signs of plateauing are evident in the broader market, leading developers continue to thrive.

According to Pankaj Kapoor, managing director of Liases Foras Research, the second half of FY26 is expected to maintain steady sales levels without drastic declines or sharp growth in the industry. He noted that the substantial launch pipeline from top developers is likely to significantly boost home sales in the months to come.

With a clear focus on premium projects and strategic market expansion, Godrej Properties is well-positioned to achieve its ambitious goals for FY26, marking a potential turning point in India’s dynamic real estate landscape.