Godrej Properties Bolsters Real Estate Portfolio with Strategic Land Acquisitions
Godrej Properties has acquired five land parcels in the April-June quarter, aimed at developing housing projects with a revenue potential of ₹11,400 crore. The company plans to continue pursuing attractive land deals, particularly in key cities like Delhi-NCR, Mumbai, Pune, Bengaluru, and Hyderabad.
Godrej PropertiesReal EstateLand AcquisitionHousing ProjectsFinancial PerformanceReal Estate MumbaiAug 10, 2025
In an interview with PTI, Pirojsha Godrej, Executive Chairperson of Godrej Properties, stated, 'We are quite active on the land front. Anytime there is a good opportunity, of course, we want to pursue it.' The company's strong balance sheet, bolstered by robust operational cash flows and funds raised through a Qualified Institutional Placement (QIP) in December last year, provides the financial muscle to pursue these opportunities.
The acquired land parcels are located in key cities such as Mumbai, Pune, Bengaluru, and Panipat. These acquisitions were made through outright purchases and joint development agreements with landowners. The company plans to develop housing projects on these parcels, which will significantly contribute to its revenue targets.
Godrej Properties is on track to meet or even exceed its ₹32,500 crore sales bookings target for the current fiscal year. During the 2024-25 fiscal year, the company's sales bookings rose by 31% to a record ₹29,444 crore, up from ₹22,527 crore in the previous year. Despite a 18% decline in pre-sales in the first quarter of this fiscal year, Pirojsha attributed this to the high base effect and slight delays in project launches.
For group housing projects, Godrej Properties is focusing on acquisitions in major metropolitan areas such as Delhi-NCR, Mumbai Metropolitan Region (MMR), Pune, Bengaluru, and Hyderabad. The company is also exploring opportunities in tier II cities for the development of residential plots.
On the financial front, Godrej Properties reported a 15% increase in its consolidated net profit to ₹598.40 crore for the first quarter of this fiscal year, compared to ₹518.8 crore in the same period last year. However, total income slightly declined to ₹1,620.34 crore in the April-June period of 2025-26, down from ₹1,699.48 crore in the corresponding period of the previous year.
Godrej Properties has been the largest real estate firm in India in terms of sales bookings for the past two fiscal years. The company aims to retain this top rank for the third consecutive year if it achieves its sales bookings target of ₹32,500 crore. This ambitious target underscores the company's commitment to growth and its strong market position in the real estate sector.
Frequently Asked Questions
What is the revenue potential of the land parcels acquired by Godrej Properties?
The five land parcels acquired by Godrej Properties have a total revenue potential of ₹11,400 crore.
Where are the new land parcels located?
The new land parcels are located in Mumbai, Pune, Bengaluru, and Panipat.
What is Godrej Properties' sales bookings target for the current fiscal year?
Godrej Properties aims to meet or exceed a sales bookings target of ₹32,500 crore for the current fiscal year.
How did Godrej Properties' financial performance in the first quarter of 2025-26 compare to the previous year?
Godrej Properties reported a 15% increase in consolidated net profit to ₹598.40 crore, while total income slightly declined to ₹1,620.34 crore.
In which cities is Godrej Properties focusing on land acquisitions for group housing projects?
Godrej Properties is focusing on land acquisitions in Delhi-NCR, Mumbai Metropolitan Region (MMR), Pune, Bengaluru, and Hyderabad for group housing projects.
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