Godrej Properties Limited (GPL), a leading national real estate developer, has reported strong performance for the second quarter of fiscal year 2026, with booking value growing 64% year-on-year to INR 8,505.00 crore. The company also expressed confidence in surpassing its booking value targets for FY26, citing robust demand, healthy financials, and a strong project pipeline.

Record-Breaking Performance

GPL achieved its highest ever Q2 and H1 booking value in the company's history. The Q2 FY26 booking value of INR 8,505.00 crore represents a 20% increase quarter-on-quarter and was achieved through the sale of 4,522 homes with a total area of 7.14 million sq. ft. For the first half of FY26, the booking value grew 13% year-on-year to INR 15,587.00 crore, with 8,753 homes sold covering an area of 13.31 million sq. ft.

Consistent Growth Trajectory

This marks the third consecutive quarter in which GPL has delivered more than INR 7,000.00 crore of booking value and the ninth consecutive quarter exceeding INR 5,000.00 crore, both firsts in the Indian real estate sector. The company has already achieved 48% of its annual guidance for booking value in H1 FY26 and remains on track to surpass its guidance of INR 32,500.00 crores for FY26.

Geographic Diversification

In a notable achievement, four markets - Bengaluru, Mumbai Metropolitan Region (MMR), National Capital Region (NCR), and Hyderabad - each contributed more than INR 1,500.00 crores to the booking value in Q2 FY26, a first for the Indian real estate industry. This demonstrates GPL's strong presence and performance across key markets.

Strong Project Launches

The company's performance was driven by strong demand across several key new project launches:

Business Development and Expansion

GPL added 4 new projects in Q2 FY26 with an estimated saleable area of 5.82 million sq. ft. and expected booking value of INR 4,850.00 crore. For H1 FY26, the company has added 9 new projects with an estimated saleable area of 15.06 million sq. ft. and expected booking value of INR 16,250.00 crores, achieving 81% of its annual guidance.

Financial Highlights

• Total Income grew by 39% to INR 1,867.00 crore compared to INR 1,343.00 crore in Q2 FY25
• EBITDA increased by 118% to INR 614.00 crore from INR 282.00 crore in Q2 FY25
• Net Profit rose by 21% to INR 405.00 crore compared to INR 335.00 crore in Q2 FY25

Sustainability Recognition

GPL continues to be recognized for its sustainability efforts:

• Ranked #1 globally in Real Estate and Management (REM) sector on the S&P Global's Dow Jones Best in class indices for 2025 with a score of 89/100
• Recognized as a Global Sector Leader and Ranked #1 globally with a score of 100/100 by the Global Real Estate Sustainability benchmark (GRESB) in 2025

Management Commentary

Pirojsha Godrej, Executive Chairperson of Godrej Properties Limited, commented on the Q2 FY2026 performance: "Godrej Properties delivered another solid quarter for bookings and earnings. We have achieved a remarkable increase in scale in the past three and a half years. Our quarterly bookings in Q2 is higher than our annual bookings of FY22. We are pleased that this sales growth is spread across the markets we are operating in and was on the back of strong volumes and pricing. The equity capital of INR 6,000.00 crore we raised through a QIP last year combined with the operating cash flow we are generating will enable us to continue to invest for growth. With a robust launch pipeline, strong balance sheet, and resilient demand, we are on-track to surpass our booking value guidance for FY26 and deliver sustained high-quality performance across all key operating metrics."

As Godrej Properties continues to demonstrate strong growth and market leadership, the company remains well-positioned to capitalize on the ongoing demand in India's real estate sector and deliver value to its stakeholders.

Godrej Properties Limited (GPL), a leading Indian real estate developer, has achieved a significant milestone in its ambitious Worli project, Godrej Trilogy. The company recently received the project registration certificate from the Maharashtra Real Estate Regulatory Authority (MahaRERA) for the first phase of this high-value development.

Project Overview

Godrej Trilogy is set to be a landmark development in one of Mumbai's most sought-after neighborhoods. Here are the key details:

Strategic Location and Design

The project boasts a prime location off Dr. Annie Besant Road, adjacent to the iconic Mahalaxmi Racecourse. This strategic positioning offers residents:

• Unobstructed views of the Mahalaxmi Racecourse and Arabian Sea
• Proximity to key commercial hubs
• Access to well-developed social infrastructure

Project Features

Godrej Trilogy aims to deliver an exclusive lifestyle with:

• Spacious homes
• Large private decks
• Thoughtfully curated amenities

Market Impact and Company Strategy

Gaurav Pandey, MD & CEO of Godrej Properties, emphasized the significance of this development:

"Receiving RERA approval for our Worli project marks an important step forward in our development timeline. The location offers a rare combination of scale, connectivity, and visibility. This project further strengthens GPL's presence in South Mumbai and aligns with our strategy of acquiring and developing high-potential urban land parcels."

This project is expected to contribute significantly to Godrej Properties' residential portfolio in South Mumbai, reinforcing the company's position in the luxury real estate segment.

Conclusion

The RERA approval for Godrej Trilogy's first phase marks a crucial step in Godrej Properties' expansion in the premium real estate market. As the project moves forward, it will be interesting to observe its impact on the company's market position and financial performance in the coming quarters.