Godrej Properties' March quarter booking value increased 7 percent to Rs 10,163 crore from year-ago period, the first time the company pre-sold homes worth more than Rs 10,000 crore in a quarter, the company said in a release on April 8.
Sequentially, the booking value was up 87 percent, it said. For the fiscal, the booking value increased by 31 percent to Rs 29,444 crore, exceeding its guidance for FY25.
“This is the highest ever full year booking value and volume announced by any real estate developer in India to date," Godrej Properties claimed in the release.
During the year, the National Capital Region (NCR) contributed most by way of booking value at Rs 10,500 crore, followed by the Mumbai metropolitan region at Rs 8,000 crore and Bengaluru at around Rs 5,000 crore.
Sales bookings in the quarter were driven by projects such as Godrej Riverine in Noida, Godrej Astra in Gurugram and Godrej Madison Avenue in Hyderabad.
"We are delighted to have crossed Rs 10,000 crore in sales bookings for the first time in Q4 FY25. Our sales bookings over the last three years have compounded at an annual growth rate of 55 percent. Through this, GPL has completely reset the scale of its operations and for the second consecutive year is the largest real estate developer in India by booking value," Godrej Properties managing director and CEO Gaurav Pandey.
During the year, the company added projects with a total future booking value potential of Rs 26,450 crore, he said. The company's qualified institutional placement of Rs 6,000 crore in December, along with internal cash flows, would enable it to continue its business development activities.
At 11.36 am, Godrej Properties sharers were trading at Rs 1,959.55 on the National Stock Exchange, 1.7 percent higher than the previous close.
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