Godrej Properties Eyes Bigger Play in Housing, Buys Land Worth ₹26,500 Cr

Godrej Properties is ramping up its expansion strategy, having acquired 14 land parcels across key Indian cities in FY24-25 with a revenue potential of ₹26,500 crore. The company is now targeting new housing project launches worth ₹40,000 crore this fiscal, signaling strong growth momentum.

Chairperson Pirojsha Godrej confirmed the acquisitions spanned the Mumbai Metropolitan Region (MMR), Delhi-NCR, Pune, Bengaluru, Kolkata, Ahmedabad, and Indore. Characteristically, it is five of these land transactions were in the Delhi-NCR area, three in Gurugram, and two in Greater Noida, collectively expected to yield ₹14,000 crores as revenue.

“Last year, we guided for ₹20,000 crore in new projects but added ₹26,500 crore. This year, again, the guidance is the same, but we are confident we will beat it again,” Godrej, in a PTI interview, stated.

The firm, which is among India’s leading real estate developers, is primarily engaged in group housing developments in large metros, with a presence also in smaller cities through plotted complexes.

In FY24-25, Godrej Properties brought on board projects worth ₹36,600 crore—way beyond its initial guidance of ₹30,000 crore. The firm has now guided for FY25-26 sales booking of ₹32,500 crore, 20% above last year’s guidance and 10% above actuals booked.

The firm posted all-time highs in the last fiscal year with sales bookings increasing 31% year-on-year at ₹29,444 crore from ₹22,527 crore. Consolidated net profit almost doubled, increasing 93% at ₹1,399.89 crore, and overall income increased to ₹6,967.05 crore from ₹4,334.22 crore in the last fiscal.

Godrej emphasized the importance of sustaining momentum: “I’m very happy with our performance in 2024-25. The key now is to maintain this trajectory in the current year.”

As the company continues to bet big on India’s booming housing demand, especially in Delhi-NCR, further land acquisitions and ambitious launches are likely in the pipeline.