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

Resources

04 Jun 2026

ULCCS Showcases Cooperative Model at UN Symposium

Uralungal Labour Contract Co-operative Society (ULCCS) showcased its community-led development model at the United Nations Headquarters in New York, where it participated as a panellist at the International Symposium on Cooperative Financial Institutions held on 28–29 May 2026.Jointly organised by the United Nations Department of Economic and Social Affairs (UN DESA), the International Cooperative Banking Association (ICBA), and the International Cooperative Alliance (ICA), the symposium was held under the theme ‘Fuelling Inclusive and Equitable Growth’ and brought together policymakers,..

Delhi Airport to Finalise 20-Year Master Plan

Delhi International Airport Ltd (DIAL) is finalising a 20-year master plan to guide long term infrastructure and operational development at Indira Gandhi International Airport, an official said. The operator expects the plan to reflect changes in the airline industry, shifts in the competitive landscape and evolving infrastructure requirements across terminals, airside and support services. The official said the document is likely to be ready in the next two to two-and-a-half months as the operator moves through planning stages. The plan will be prepared after consultations with airport users ..

Aadhar Housing Finance Targets Rs 500 bn AUM By FY29

Aadhar Housing Finance has set a target to raise its asset under management to Rs 500 billion (bn) by the end of FY29, aiming to achieve this over the next three financial years through an 18-20 per cent loan growth trajectory. The firm focuses on the low-income segment with a ticket size of less than Rs 1.5 million (mn) and has relied on that segment to drive expansion. The company closed FY26 with an AUM of Rs 305.71 bn, reflecting the expansion in recent years, and it reported a net profit rise of 22 per cent to Rs 11.08 bn. Management indicated that gross non-performing assets stood at 1.0..