Godrej Properties Acquires 14 Land Parcels to Build Projects Worth ₹26,500 Crore
Godrej Properties has acquired 14 land parcels across major cities, planning to develop housing projects with a revenue potential of ₹26,500 crore. The company aims to exceed its guidance of ₹20,000 crore for the current fiscal year.
Real EstateGodrej PropertiesLand AcquisitionHousing ProjectsFinancial PerformanceReal Estate PuneMay 20, 2025
The company bought these land parcels, all outright, in the Mumbai Metropolitan Region (MMR), Pune, Delhi-NCR, Bengaluru, Kolkata, Ahmedabad, and Indore. In an interview with PTI, Pirojsha Godrej said, 'Last financial year, we added about ₹26,500 crore worth of new projects, as against the guidance of ₹20,000 crore. This fiscal, we are again giving guidance of ₹20,000 crore. Quite likely, we will exceed this by a good margin.'
For business development, real estate developers are buying land outright and also partnering with landowners. Godrej Properties is one of the leading real estate developers in the country. It primarily develops group housing projects in Delhi-NCR, Mumbai Metropolitan Region, Pune, Bengaluru, and Hyderabad, with a presence in some smaller cities for plotted development.
According to its investors' presentation, the company bought 3 land parcels in Gurugram and 2 each in Greater Noida, MMR, Bengaluru, and Indore. It purchased one land parcel each in Pune, Ahmedabad, and Kolkata. Godrej Properties is bullish on the Delhi-NCR market, having bought five land parcels in Gurugram and Greater Noida, which could generate a revenue of ₹14,000 crore.
On the company's performance in the last fiscal year, Pirojsha Godrej said, 'So, overall, I am very happy with the company's performance in 2024-25, and I think the key is now to maintain this momentum in the current financial year.' He added that the company plans to launch housing projects worth ₹40,000 crore this fiscal year.
In the last fiscal, the company had given guidance of launching ₹30,000 crore worth of projects but ended up launching properties valuing ₹36,600 crore. Talking about the pre-sales targets for the 2025-26 fiscal, he said, 'We have guided for ₹32,500 crore worth of sales booking value for this fiscal, which is 20 per cent higher than our guidance of last year and 10 per cent higher than the actuals we delivered. Hopefully, if market support again, we can outperform the guidance.'
During the 2024-25 fiscal, Godrej Properties' sales bookings rose 31 per cent to a record ₹29,444 crore, from ₹22,527 crore in the preceding year. On financial performance, Godrej Properties recently reported that its consolidated net profit rose 93 per cent to ₹1,399.89 crore during 2024-25, from ₹725.27 crore in the preceding fiscal. Its total income grew to ₹6,967.05 crore last fiscal, compared to ₹4,334.22 crore in the 2023-24 fiscal.
Frequently Asked Questions
What is the revenue potential of the new projects by Godrej Properties?
The new projects by Godrej Properties have a revenue potential of about ₹26,500 crore.
How many land parcels did Godrej Properties acquire in the last fiscal year?
Godrej Properties acquired 14 land parcels in the last fiscal year.
What cities did Godrej Properties buy land parcels in?
Godrej Properties bought land parcels in the Mumbai Metropolitan Region (MMR), Pune, Delhi-NCR, Bengaluru, Kolkata, Ahmedabad, and Indore.
What is Godrej Properties' guidance for the current fiscal year?
Godrej Properties' guidance for the current fiscal year is to launch housing projects worth ₹20,000 crore, and they aim to exceed this by a good margin.
How much did Godrej Properties' sales bookings increase in the last fiscal year?
Godrej Properties' sales bookings rose 31 per cent to a record ₹29,444 crore in the last fiscal year.
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