Godrej Properties delivered exceptional booking performance in Q3FY26, with booking value surging 55% year-over-year to ₹8,421 crores. The real estate developer has now achieved 74% of its annual booking value goal and is positioned to exceed its FY26 target of ₹32,500 crores. Additionally, the company anticipates hitting its full-year FY26 collections target of ₹21,000 crores, having achieved 57% so far, with deliveries expected in Q4.

Business Development Target Achievement

The company has demonstrated exceptional performance in business development, reaching 123% of its annual business development target in the first nine months of FY26. This achievement underscores the company's strong execution capabilities and strategic focus on expanding its project portfolio.

Operating Cash Flow Projections

Godrej Properties expects to exceed its FY25 operating cash flow in FY26, with projections indicating strong operating cash flow in Q4 driven by higher deliveries and collections. This positive outlook reflects the company's robust operational performance and effective cash conversion capabilities.

Annual Target Achievement Progress

The company's strong performance trajectory indicates robust execution capabilities across both booking and collections metrics. Having achieved nearly three-quarters of its booking target and over half of its collections goal, Godrej Properties demonstrates comprehensive operational excellence.

Quarterly Financial Performance

The company achieved remarkable booking and collections growth across both quarterly and nine-month periods, reflecting strong market demand and successful project launches. The booking performance indicates healthy customer interest and effective sales execution.

Godrej Properties Limited has achieved a remarkable milestone with the launch of its premium plotted development, Evora Estate, in Panipat. The company announced record land sales valued over ₹1,000 crore, marking its most successful plotted development launch by sales value to date.

Record-Breaking Sales Performance

Since its launch in December 2025, Evora Estate has demonstrated exceptional market response with impressive sales figures:

Project Overview and Strategic Location

Evora Estate represents Godrej Properties' strategic expansion into the Panipat market. The development spans 43 acres and is strategically positioned on NH 44A, offering excellent connectivity and accessibility. The project features a refined Mediterranean theme, complete with a luxurious clubhouse and premium lifestyle amenities designed to cater to discerning homebuyers.

This marks the company's fourth addition to its portfolio of residential plotted townships in North India, demonstrating its continued focus on expanding its presence in emerging markets across the region.

Market Positioning and Infrastructure Development

Panipat's emergence as an attractive residential destination has been driven by sustained infrastructure improvements. The city has benefited from enhanced connectivity via NH-44 and a strengthened transport and industrial network. These developments are positioning Panipat as a promising residential catchment in North India, contributing to the strong market response for Evora Estate.

Management Commentary

Gaurav Pandey, MD & CEO of Godrej Properties, expressed satisfaction with the project's reception: "We are deeply encouraged by the response to Evora Estate, our first plotted development in Panipat. This milestone reinforces our belief that customers across emerging markets are seeking thoughtfully designed neighbourhoods that offer long-term value and a meaningful quality of life."

He further emphasized the company's commitment to expansion in Haryana, stating that their focus will remain on creating high-quality, sustainable living environments that contribute positively to the communities they serve.

Company's Market Leadership

Godrej Properties continues to maintain its position as a leading real estate developer in India. In FY 2025, the company retained its position as India's largest developer by the value of residential sales achieved. The company has received over 500 awards and recognitions in recent years, including Developer of the Year at the GRI India Awards 2024 and various sustainability rankings from global benchmarking organizations.