Godrej Properties Sets New Sales Record of Rs 28,800 Crore in 2024
Godrej Properties has achieved a record-breaking property sales figure of Rs 28,800 crore in 2024, surpassing all other listed real estate companies in India. This remarkable performance is attributed to strong demand across key cities like Delhi-NCR, Mum
Godrej PropertiesReal EstateProperty SalesHousing MarketIndiaReal EstateFeb 05, 2025
This achievement marks the highest sales among all listed real estate companies in the country, driven by robust demand for its housing projects in major cities.
In a significant milestone, Godrej Properties reported that its booking value grew by 69% compared to the previous year.
The company sold a total area of 26.38 million square feet, representing a volume growth of 54%.
These impressive figures have solidified Godrej Properties' position as a leader in the Indian real estate market.
Pirojsha Godrej, Executive Chairperson of Godrej Properties, expressed her satisfaction with the company's performance.
She stated, 'We have delivered a record-breaking calendar year 2024 with our highest ever bookings, collections, operating cashflows, earnings, and deliveries.'
The company's success is attributed to its strategic focus on key markets.
The Delhi-NCR region contributed the most to pre-sales, racking up Rs 9,936 crore.
The Mumbai Metropolitan Region (MMR) followed with Rs 9,177 crore, and Bengaluru contributed Rs 5,303 crore.
These regions continue to be hotspots for real estate investments, driven by their economic growth and high demand for quality housing solutions.
Godrej Properties launched 30 new projects in 2024, including new phases of existing projects, with a sales potential of Rs 34,300 crore.
The company also delivered 18 million square feet of area, further enhancing its reputation for timely project completions.
In addition to its strong sales performance, Godrej Properties has been actively acquiring land to expand its portfolio.
Last year, the company acquired 16 land parcels with an estimated revenue potential of Rs 36,250 crore, positioning it for future growth.
Financially, Godrej Properties reported a significant improvement in its profitability.
The company's consolidated net profit surged by more than 2.5 times to Rs 162.64 crore in the December quarter, up from Rs 62.27 crore in the same period last year.
Total income also more than doubled to Rs 1,239.97 crore from Rs 548.31 crore.
For the April-December period of the 2024-25 fiscal, Godrej Properties' net profit reached Rs 1,017.90 crore, compared to Rs 254.01 crore in the same period last year.
Total income for this period rose to Rs 4,285.99 crore, up from Rs 2,419.40 crore.
These financial achievements underscore Godrej Properties' strong market position and its ability to capitalize on the growing demand for high-quality housing solutions in India.
Frequently Asked Questions
What was Godrej Properties' total property sales in 2024?
Godrej Properties achieved a total property sales value of Rs 28,800 crore in 2024.
Which region contributed the most to Godrej Properties' pre-sales in 2024?
The Delhi-NCR region contributed the most to Godrej Properties' pre-sales, with Rs 9,936 crore.
How many new projects did Godrej Properties launch in 2024?
Godrej Properties launched 30 new projects in 2024, including new phases of existing projects.
What was the consolidated net profit of Godrej Properties in the December quarter of 2024?
Godrej Properties reported a consolidated net profit of Rs 162.64 crore in the December quarter of 2024.
What is the estimated revenue potential of the land parcels acquired by Godrej Properties in 2024?
The land parcels acquired by Godrej Properties in 2024 have an estimated revenue potential of Rs 36,250 crore.
Related News Articles
Naredco's Maharashtra Chapter Hosts 3-Day Property Expo in Mumbai, Showcasing Over Rs 10,000 Crore Worth of Real Estate
Realtors' body Naredco's Maharashtra chapter is organising a property exhibition where builders are marketing more than Rs 10,000 crore worth of inventories in various projects across Maharashtra state.
Elan Group Appoints Shah Rukh Khan as Brand Ambassador for Ultra-Luxury Real Estate
Elan Group, a leading name in the ultra-luxury real estate sector, has announced Shah Rukh Khan as their brand ambassador. Known for their meticulous projects, the group aims to elevate their brand with this high-profile partnership.
Hyderabad's Real Estate Market Witnesses 20% Surge in Property Registrations in October
The real estate market in Hyderabad experienced a significant 20% monthly increase in property registrations, with 5,985 residential units sold in October.
Indian Real Estate Sector Raises Rs 13,500 Crore through IPOs in 2024
The real estate sector in India has raised nearly Rs 13,500 crore through initial public offerings (IPOs) from the markets this year to date, marking a significant milestone in the industry's growth and investor interest.
Top Real Estate Investment Trusts (REITs) for Income Generation in 2024
Discover the best REITs for income generation in 2024, offering high dividend yields and reliable income streams.
Infra Stock in Focus: Securing ₹312 Cr Order from MSETCL for KV Substation
infra stock in focus after receiving a significant order worth ₹312 crore from Maharashtra State Electricity Transmission Company Limited (MSETCL) for the construction of a key KV substation.