Godrej Properties expects better sales bookings in FY22 as against FY21

12 May 2021 CW Team

Real estate major Godrej Properties, in the current fiscal, expects to surpass last year's sales bookings record of Rs 6,725 crore despite the second wave of the Covid-19 pandemic, along with hopes of crossing the Rs 10,000 crore mark in FY23.

According to Godrej Properties, the company expects muted sales between the April to June quarter due to the ongoing pandemic and lockdown in various parts of the countries.

The company's sales bookings increased 14% to an all-time high of Rs 6,725 crore during the last financial year, despite the overall demand slowdown in the market because of the pandemic.

Godrej Properties achieved sales bookings of over Rs 1,300 crore each across four major markets—Delhi-NCR, Mumbai Metropolitan Region (MMR), Pune and Bengaluru.

Godrej Properties said the company aims for over 20% growth in this fiscal before the onset of the second wave. According to the company, the booking value growth and earnings growth should be very robust over the medium term.

As we have reported earlier, Godrej Properties, which recently raised Rs 3,750 crore through the sale of shares to institutional investors through the Qualified Institutional Placement (QIP) route, aims to expand its operation manifold over the next four or five years.

During FY21, Godrej Properties reported a net loss of Rs 189.43 crore against a net profit of Rs 273.94 crore in the previous fiscal year. Total income declined to Rs 1,333.09 crore in 2020-21 from Rs 2,914.59 crore in the previous fiscal.

Image Source

Also read: How housing sales saw a boost among stamp duty reduction and how luxury deals took the leap

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..