Godrej Properties on Track to Meet Rs 32,500 Crore Sales Target Amid Strong Housing Demand

Godrej Properties , a leading real estate developer in India, is poised to meet or exceed its ambitious pre-sales target of Rs 32,500 crore for the current fiscal year, according to Executive Chairperson Pirojsha Godrej. The company's performance in the first half of the year has set a strong foundation for achieving this goal.

First Half Performance

The company has made significant strides in the first six months of the fiscal year:

Metric	Value	Notes
Pre-sales	15,587	48% of annual target
Year-over-Year Growth	13%	Compared to same period last year
Collections from Customers	7,736	37% of Rs 21,000 crore target

Q2 Financial Highlights

Godrej Properties reported robust financial results for the second quarter:

Metric	Value	Year-over-Year Change
Consolidated Net Profit	402.99	↑ 21%
Total Income	1,950.05	↑ from Rs 1,346.54 crore

Key Achievements

For the first time, Godrej Properties achieved sales bookings exceeding Rs 1,500 crore each in four major cities during the September quarter:

Delhi-NCR
Mumbai Metropolitan Region
Bengaluru
Hyderabad

This milestone underscores the company's strong market presence and the robust demand for its properties across key urban centers in India.

Future Projects

Godrej Properties is gearing up for a significant launch in Mumbai:

Location: Worli
Estimated Revenue: Over Rs 10,000 crore

This large-scale project in Worli, a prime location in Mumbai, is expected to contribute substantially to the company's sales target.

Challenges and Outlook

While the company has made impressive progress, some challenges have been noted:

Delays in collections attributed to monsoon and environmental issues
Despite these challenges, the company remains confident in meeting its sales target

The strong performance across multiple cities and the planned launch of the high-value Worli project indicate a positive outlook for Godrej Properties in the current fiscal year. The company's ability to maintain growth in pre-sales and expand its presence in key markets suggests a robust demand for its offerings in the Indian real estate sector.

As the real estate market continues to show resilience, Godrej Properties' performance will be closely watched by investors and industry analysts alike. The company's success in meeting its ambitious targets could serve as a bellwether for the broader Indian real estate market.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.94%	-0.35%	-5.41%	-13.13%	-27.96%	+60.79%

Godrej Properties Limited (GPL), a leading national real estate developer, has announced robust financial results for the second quarter of fiscal year 2026, ending September 30, 2025. The company reported significant growth in booking value and net profit, along with strategic business developments and a clean report on its Qualified Institutional Placement (QIP) fund utilization.

Financial Highlights

Q2 FY26 booking value grew 64% year-over-year (YoY) and 20% quarter-over-quarter (QoQ) to INR 8,505.00 crore.
Total income increased by 39% YoY to INR 1,867.00 crore.
Net profit rose by 21% YoY to INR 405.00 crore.
EBITDA surged by 118% YoY to INR 614.00 crore.

Operational Performance

Godrej Properties achieved its highest ever Q2 and H1 booking value, selling 4,522 homes with a total area of 7.14 million sq. ft. in Q2 FY26. The company has now delivered more than INR 7,000.00 crore of booking value for three consecutive quarters and more than INR 5,000.00 crore for nine consecutive quarters.

Geographic Distribution

Four key markets contributed significantly to the Q2 FY26 booking value:

Market	Booking Value (INR crore)	Homes Sold	Area Sold (million sq. ft.)
Bengaluru	1,972.00	868	1.60
MMR	1,959.00	696	1.04
NCR	1,610.00	446	0.76
Hyderabad	1,520.00	1,010	1.81

Project Launches and Sales

The company launched 12 new projects and phases across 8 cities during the quarter, with a total sales potential of INR 10,100.00 crores. Notable launches included:

Godrej Regal Pavilion, Hyderabad: Achieved a booking value of INR 1,527.00 crore
Godrej MSR City, Bengaluru: Reached a booking value of INR 1,032.00 crore
Godrej Sora, Gurugram: Attained a booking value of INR 633.00 crore

Business Development

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, achieving 81% of its annual guidance.

QIP Fund Utilization

Godrej Properties submitted a monitoring agency report from ICRA Limited regarding the utilization of proceeds from its Qualified Institutional Placement for the quarter ended September 30, 2025. The report confirms no deviation from the stated objectives of the issue, with funds being utilized in line with the original purpose. Key points include:

The QIP raised Rs 6,000 crore with actual net proceeds of Rs 5,921 crore.
Funds are allocated for acquisition of land and/or land development rights (Rs 5,300 crore) and general corporate purposes (Rs 621 crore).
As of the quarter end, Rs 4,224.84 crore has been utilized, leaving Rs 1,696.16 crore unutilized.
Both objectives remain on schedule with completion targeted for March 31, 2028.

Corporate Actions

The Board of Directors approved a scheme of amalgamation with its wholly-owned subsidiary, Embellish Houses Private Limited. This merger aims to consolidate real estate business operations, streamline group structure, and enhance operational efficiency.

Sustainability Recognition

Godrej Properties was ranked #1 globally in the Real Estate and Management sector on the S&P Global's Dow Jones Best in class indices for 2025, with a score of 89/100. The company was also recognized as a Global Sector Leader by the Global Real Estate Sustainability benchmark (GRESB) in 2025, achieving a perfect score of 100/100.

Outlook

With a robust launch pipeline, strong balance sheet, and resilient demand, Godrej Properties is on track to surpass its booking value guidance of INR 32,500.00 crores for FY26. The company has already achieved 48% of this target in H1 FY26.

Pirojsha Godrej, Executive Chairperson of Godrej Properties Limited, commented on the results: "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."

As Godrej Properties continues to expand its presence in key markets and maintain its focus on sustainable development, the company appears well-positioned for continued growth in the Indian real estate sector.