Godrej Properties eyes record-breaking year, confident of surpassing Rs 32,500 crore sales target

Godrej Properties is gearing up for what could be its strongest year yet. The real estate major expects to meet, or even surpass, its record pre-sales guidance of Rs 32,500 crore in FY26, riding on sustained housing demand and a robust project pipeline, Executive Chairperson Pirojsha Godrej told PTI.

Speaking after a solid first half of the fiscal, Pirojsha said the company’s pre-sales rose 13 percent year-on-year to Rs 15,587 crore in the April–September period, compared to Rs 13,835 crore a year ago. “We have already achieved about 48 percent of our full-year guidance. Typically, the second half is stronger, so we are confident of meeting or exceeding the target,” he said.

Housing demand stays strong

India’s housing market continues to hold steady despite rising interest rates and broader macro concerns. “The demand environment continues to be quite attractive,” Pirojsha said, adding that the company is witnessing broad-based traction across cities and price segments.

During the September quarter, Godrej Properties recorded sales bookings exceeding Rs 1,500 crore in each of its four key markets, Delhi-NCR, MMR, Bengaluru, and Hyderabad, a first in the company’s history.

“This was quite a satisfying quarter, but there are a lot of opportunities in the third and fourth quarters as well,” he said, hinting at a heavy launch lineup.

Worli mega project to power growth

A key driver in the second half will be the launch of a large-scale residential project in Mumbai’s Worli area, with potential revenue of over Rs 10,000 crore. “We have a strong pipeline for H2, which should help us meet or surpass our annual target,” Pirojsha added.

However, he acknowledged that collections from customers had slowed temporarily due to construction delays during the monsoon and certain environmental clearances.

The company has collected Rs 7,736 crore, or 37 percent of its annual target of Rs 21,000 crore, so far this fiscal. Pirojsha remains confident of achieving the full-year target, citing an expected surge in project deliveries in the January–March quarter.

Financial momentum intact

On the financial front, Godrej Properties reported a 21 percent jump in consolidated net profit to Rs 403 crore in Q2 FY26, compared to Rs 334 crore in the year-ago period. Total income surged to Rs 1,950 crore from Rs 1,347 crore.

The company’s equity capital of Rs 6,000 crore raised via a QIP last year, combined with strong operating cash flows, gives it ample headroom for expansion and new land acquisitions, Pirojsha said.

“We’ll continue investing to attain higher growth,” he noted.

Market leader advantage

Godrej Properties, which focuses on Delhi-NCR, MMR, Pune, Bengaluru, and Hyderabad, was the top listed developer by pre-sales in FY25, clocking Rs 29,444 crore in bookings. The company has been steadily gaining market share through a mix of premium launches, aggressive land acquisitions, and a strong brand reputation among homebuyers.

“The fundamentals of housing demand remain robust, and we’re well-positioned to lead the next growth phase,” Pirojsha added.