Godrej Properties Smashes Records with Rs 28,800 Crore in Property Sales in 2024
Godrej Properties, one of India's leading real estate developers, achieved a groundbreaking milestone in 2024 with property sales worth Rs 28,800 crore. The company’s success is attributed to robust demand for its housing projects across major cities, esp
Real EstateProperty SalesGodrej PropertiesDelhincrMmrReal Estate NewsFeb 05, 2025
The company sold properties worth Rs 28,800 crore during the calendar year, marking the highest sales among all listed real estate companies in the country.
This impressive achievement is a testament to the strong demand for Godrej’s housing projects and the company's strategic land acquisitions.
The Delhi-NCR and Mumbai Metropolitan Region (MMR) were the primary contributors to this remarkable success, with pre-sales amounting to Rs 9,936 crore and Rs 9,177 crore, respectively.
Bengaluru also played a significant role, contributing Rs 5,303 crore to the total sales.
Pirojsha Godrej, the Executive Chairperson of Godrej Properties, highlighted the company's exceptional performance, stating, 'We delivered a record-breaking calendar year 2024 with our highest ever bookings, collections, operating cashflows, earnings, and deliveries.'
Godrej Properties launched 30 new projects in 2024, including new phases of existing developments, with a sales potential of Rs 34,300 crore.
The company also delivered 18 million square feet of area, further solidifying its position in the market.
In addition to its successful sales, Godrej Properties has been actively acquiring land, securing 16 land parcels last year.
These acquisitions have an estimated revenue potential of Rs 36,250 crore, positioning the company for continued growth in the coming years.
Financially, Godrej Properties reported a significant jump in its consolidated net profit, which more than doubled to Rs 162.64 crore in the December quarter, compared to Rs 62.27 crore in the same period of the previous year.
The company's total income also saw a substantial increase, more than doubling to Rs 1,239.97 crore from Rs 548.31 crore.
For the April-December period of the 2024-25 fiscal year, the net profit surged to Rs 1,017.90 crore, up from Rs 254.01 crore in the same period of the previous year.
Total income for this period rose to Rs 4,285.99 crore, compared to Rs 2,419.40 crore in the corresponding period of the preceding year.
Godrej Properties' consistent performance and strategic initiatives have set a high standard in the industry, making it a leading player in the Indian real estate market.
The company’s focus on delivering high-quality housing projects and expanding its land bank ensures a strong foundation for future growth and success.
Frequently Asked Questions
What is the total value of property sales achieved by Godrej Properties in 2024?
Godrej Properties achieved property sales worth Rs 28,800 crore in 2024.
Which regions contributed the most to Godrej Properties' sales in 2024?
Delhi-NCR and Mumbai Metropolitan Region (MMR) were the primary contributors, with pre-sales of Rs 9,936 crore and Rs 9,177 crore, respectively.
How many new projects did Godrej Properties launch in 2024?
Godrej Properties launched 30 new projects, including new phases of existing developments, in 2024.
What was the net profit of Godrej Properties in the December quarter of 2024?
Godrej Properties reported a 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 16 land parcels acquired by Godrej Properties in 2024 have an estimated revenue potential of Rs 36,250 crore.
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