Godrej Properties Aims for ₹39,000 Crore Sales Target in FY27
Godrej Properties Ltd (GPL), one of India's leading residential developers, has set an ambitious sales target of ₹39,000 crore for the fiscal year 2026-27. This target is being set despite the expectation that home prices will remain stable, according to Pirojsha Godrej, the executive chairperson, in an interview with Mint.
In the fiscal year 2026 (FY26), GPL's sales bookings saw a significant 16% year-on-year increase to ₹34,171 crore. This impressive performance was achieved through the sale of 17,513 units, covering a total area of 27 million square feet. This marks the highest-ever sales by an Indian real estate firm in a single fiscal year. The company also reported a 32% year-on-year jump in net profit to ₹1,850 crore, while revenue from operations grew by 4.2% to ₹5,131.43 crore, as per the company's earnings announced on Monday. For the March quarter, GPL's net profit surged by 70% to ₹649.88 crore compared to the previous year, and revenue from operations increased by 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 market has seen a significant surge in sales momentum since the pandemic, and GPL has been at the forefront of this growth. 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.”
The company's collections, which are the actual cash received from customers, saw a 17% increase to ₹19,965 crore in the previous fiscal year. For FY27, GPL has projected a 20% growth to ₹24,000 crore. Robust collections are a vital metric for a developer, reflecting progress in both sales and construction. GPL's sales bookings in FY26 were well diversified geographically, with the Mumbai Metropolitan Region contributing ₹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 others (₹1,627 crore).
The country's four leading real estate developers—Godrej Properties, Prestige Estates, DLF, and Lodha Developers—had aimed to collectively cross ₹1 trillion in residential sales in FY26. 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, with Lodha targeting ₹24,000 crore in sales bookings for FY27.
GPL has a launch pipeline worth ₹48,000 crore this year, spanning the five major geographies it operates in, along with group housing projects in Kolkata and Ahmedabad. Many of these 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 concluded.
