Godrej Properties Secures Land for Rs 26,500 Crore Projects in Major Cities
Godrej Properties has acquired 14 land parcels in key cities to develop housing projects with a revenue potential of Rs 26,500 crore. The company is bullish on Delhi-NCR and plans to launch projects worth Rs 40,000 crore this fiscal.
Real EstateLand AcquisitionHousing ProjectsDelhincrRevenue PotentialReal Estate PuneMay 19, 2025
In an interview with PTI, Pirojsha Godrej, Chairperson of Godrej Properties, stated, “Last financial year, we added about Rs 26,500 crore worth of new projects, exceeding our guidance of Rs 20,000 crore. This fiscal, we are again giving guidance of Rs 20,000 crore, and quite likely, we will exceed this by a good margin.”
The land parcels were purchased outright in the Mumbai Metropolitan Region (MMR), Pune, Delhi-NCR, Bengaluru, Kolkata, Ahmedabad, and Indore. According to the company’s investors' presentation, Godrej Properties bought 3 land parcels in Gurugram, 2 each in Greater Noida, MMR, Bengaluru, and Indore, and one each in Pune, Ahmedabad, and Kolkata.
Godrej Properties is particularly optimistic about the Delhi-NCR market, where it has acquired five land parcels in Gurugram and Greater Noida, which could generate a revenue of Rs 14,000 crore. Pirojsha Godrej expressed satisfaction with the company's performance in the 2024-25 fiscal year and emphasized the importance of maintaining this momentum in the current financial year.
The company plans to launch housing projects worth Rs 40,000 crore this fiscal year. In the last fiscal, the company had initially guided for launching Rs 30,000 crore worth of projects but ended up launching properties valued at Rs 36,600 crore.
Regarding the pre-sales targets for the 2025-26 fiscal, Pirojsha Godrej said, “We have guided for Rs 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 conditions support us, we can outperform the guidance.”
During the 2024-25 fiscal, Godrej Properties' sales bookings rose 31 per cent to a record Rs 29,444 crore, from Rs 22,527 crore in the preceding year. On financial performance, Godrej Properties recently reported that its consolidated net profit rose 93 per cent to Rs 1,399.89 crore during 2024-25, from Rs 725.27 crore in the preceding fiscal.
Its total income grew to Rs 6,967.05 crore last fiscal, compared to Rs 4,334.22 crore in the 2023-24 fiscal. The company's strong financial performance and strategic land acquisitions highlight its commitment to growth and development in the real estate sector.
Frequently Asked Questions
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 is the revenue potential of the new projects from the acquired land parcels?
The new projects from the acquired land parcels have a revenue potential of Rs 26,500 crore.
Which cities did Godrej Properties acquire land in?
Godrej Properties acquired land in the Mumbai Metropolitan Region (MMR), Pune, Delhi-NCR, Bengaluru, Kolkata, Ahmedabad, and Indore.
What is Godrej Properties' plan for the Delhi-NCR market?
Godrej Properties is particularly bullish on the Delhi-NCR market and plans to launch projects worth Rs 40,000 crore this fiscal.
What was the growth in Godrej Properties' sales bookings in the last fiscal year?
Godrej Properties' sales bookings rose 31 per cent to a record Rs 29,444 crore in the last fiscal year.
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