Godrej Properties Aims to Exceed Rs 32,500 Crore Sales Target for FY26
Godrej Properties is on track to meet or exceed its Rs 32,500 crore sales bookings target for the current fiscal year, according to Executive Chairperson Pirojsha Godrej. Despite a slight decline in the first quarter, the company remains optimistic about the housing market's strong demand.
Godrej PropertiesReal EstatePirojsha GodrejSales BookingsHousing MarketReal EstateAug 03, 2025
In the first quarter of this fiscal, Godrej Properties reported an 18 per cent decline in its pre-sales or sales bookings to Rs 7,082 crore. Pirojsha attributed this decline to a high base effect and a slight delay in the launch of a couple of projects. However, he emphasized that the company is very much on track to meet or exceed its booking value target for the current 2025-26 financial year.
The company's launch pipeline for this fiscal is robust, which will help in meeting the pre-sales target of Rs 32,500 crore easily, said Pirojsha. When asked about the overall current housing market scenario, considering global uncertainties, he stated, 'I think definitely, the kind of very exuberant market that was there maybe a year ago has definitely settled down a little bit. But this is exactly what we would expect to see.'
In the first few years of an upcycle, Pirojsha mentioned that there is always a significant pent-up demand and sharp price appreciations. 'But I would say demand conditions are still very strong, but not that kind of frothy looking demand that you see sometimes. So, I would say things have calmed down a little bit, but remain very, very positive,' he observed.
Many property consultants have reported a decline in total housing sales across the top seven cities in the last two quarters. However, Pirojsha highlighted that the company's balance sheet is very strong, enabling it to make investments in land acquisition and development of projects for ensuring targeted growth of the overall business.
During the last two financial years, Godrej Properties was the country's largest real estate firm in terms of sales bookings. The company is likely to retain its top rank for the third consecutive fiscal year if it achieves the sales bookings target of Rs 32,500 crore. During the 2024-25 fiscal year, the company's sales booking rose 31 per cent to a record Rs 29,444 crore from Rs 22,527 crore in the preceding year.
On the financial front, Godrej Properties recently reported a 15 per cent increase in its consolidated net profit to Rs 598.40 crore for the first quarter of this fiscal as against Rs 518.8 crore in the year-ago period. Total income, however, fell to Rs 1,620.34 crore in the April-June period of 2025-26 fiscal against Rs 1,699.48 crore in the corresponding period of the preceding year.
Godrej Properties' sales booking or pre-sales declined 18 per cent to Rs 7,082 crores during the April-June quarter from Rs 8,637 crore in the year-ago period. The collection of funds from customers against bookings rose 22 per cent to Rs 3,670 crore during the April-June quarter.
Godrej Properties has a significant presence in the Mumbai Metropolitan Region (MMR), Pune, Bengaluru, Delhi-NCR, and Hyderabad, where it is developing group housing projects. The company is also involved in residential plotted development projects in many tier II cities, like Indore and Panipat. The Mumbai-based firm posted a net profit of Rs 1,389.23 crore on a total income of Rs 6,967.05 crore during the last financial year.
Frequently Asked Questions
What is Godrej Properties' sales bookings target for FY26?
Godrej Properties aims to meet or exceed a sales bookings target of Rs 32,500 crore for the fiscal year 2025-26.
How has the housing market demand changed post-COVID?
While the initial exuberance in the housing market post-COVID has settled down, demand remains strong and positive.
What caused the decline in pre-sales in the first quarter of FY26?
The decline in pre-sales was attributed to a high base effect and a slight delay in the launch of a couple of projects.
What is Godrej Properties' financial performance in the first quarter of FY26?
Godrej Properties reported a 15 per cent increase in its consolidated net profit to Rs 598.40 crore for the first quarter of FY26.
Where does Godrej Properties have a significant presence?
Godrej Properties has a significant presence in the Mumbai Metropolitan Region (MMR), Pune, Bengaluru, Delhi-NCR, and Hyderabad, and is also involved in residential plotted development projects in tier II cities like Indore and Panipat.
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