Godrej Properties Aims for ₹39,000 Crore in Sales for FY27

Godrej Properties Ltd (GPL), a leading residential developer in India, has set an ambitious sales target of ₹39,000 crore for the fiscal year 2026-27, despite the expectation that home prices will remain stable. This target was announced by executive chairperson Pirojsha Godrej in an interview with Mint.

In FY26, GPL's sales bookings surged 16% year-on-year to ₹34,171 crore. This remarkable achievement was driven by the sale of 17,513 units spanning 27 million square feet, marking the highest ever sales by an Indian real estate firm. The company also reported a 32% year-on-year jump in net profit to ₹1,850 crore in FY26, while revenue from operations grew 4.2% to ₹5,131.43 crore. For the March quarter, GPL posted a 70% jump in net profit to ₹649.88 crore compared to the previous year, and revenue from operations rose 62.98% to ₹3,458.13 crore.

Godrej Properties competes with other major players in the residential sector, including DLF Ltd, Prestige Estates Projects Ltd, and Lodha Developers Ltd. The residential real estate market has seen a significant surge in sales momentum since the pandemic. Pirojsha Godrej noted, “Godrej Properties has performed well on all metrics, including sales bookings, collections, and business development. Residential demand remains strong, though with no sharp movement, as the real estate sector is at the steady end of a cycle. Briefly, in March, due to the ongoing geopolitical situation, there was a bit of a wait-and-watch situation among buyers, but April onwards, it looked much better.”

Collections, the actual cash received from customers, are a crucial metric reflecting a developer's progress in both sales and construction. After a 17% increase in collections to ₹19,965 crore last year, the developer has projected 20% growth to ₹24,000 crore for FY27. This robust performance underscores the company's financial health and market confidence.

GPL's sales bookings in FY26 were well diversified geographically. The Mumbai Metropolitan Region was the key contributor with ₹10,312 crore, followed by Bengaluru (₹8,801 crore), the National Capital Region (₹7,412 crore), Pune (₹3,659 crore), Hyderabad (₹2,360 crore), and other regions (₹1,627 crore).

The country's four leading real estate developers—Godrej Properties, Prestige Estates, DLF, and Lodha Developers—aimed to collectively cross ₹1 trillion in residential sales in FY26, marking the strongest year yet for branded players. So far, GPL (₹34,171 crore), Lodha (₹20,530 crore), and Prestige Estates (₹30,024 crore) have reported cumulative sales of ₹84,725 crore. DLF, which had set a sales guidance of ₹20,000-22,000 crore, is yet to announce its numbers.

The sales momentum is expected to continue this year. For instance, Lodha is targeting ₹24,000 crore of sales bookings in FY27. GPL has a launch pipeline worth ₹48,000 crore this year across the five major geographies it operates in, along with group housing projects in Kolkata and Ahmedabad. Many of the launches will be supported by GPL's business development initiative, which added 18 new projects in FY26 with an estimated booking value potential of ₹42,100 crore.

“We remain watchful of the geopolitical situation, but the overall housing demand balance sheet, along with our strong balance sheet, gives us confidence going forward,” Godrej said.

Godrej Properties is a part of the Godrej Group, a 122-year-old conglomerate with a diverse portfolio of businesses. The company's commitment to sustainable and innovative practices has positioned it as a leader in the Indian real estate market. With a focus on customer satisfaction and quality development, Godrej Properties continues to set new benchmarks in the industry.