Godrej Properties Eyes Rs61,500 mn From Gurugram And Kolkata

10 Mar 2026 CW Team

Godrej Properties has acquired 11 acres in Gurugram and secured a five-acre land parcel in Kolkata and expects these projects to generate Rs61,500 million (mn) in combined revenue. The company indicated that the revenue estimate covers residential developments planned across the two sites and reflects its recent portfolio additions.

From the Gurugram parcel the company projects revenue of about Rs45,000 mn from a mix of premium low-rise and high-rise residences with lifestyle amenities. The plot is located in Sector 63A on Golf Course Extension Road and will form part of the developer's premium offerings in the micro market.

In Kolkata the developer won the site in an e-auction conducted by the West Bengal Housing Infrastructure Development Corporation Limited (WBHIDCO) and the land is located off the EM Bypass. The proposed premium residential development at the site is expected to offer an estimated revenue potential of about Rs16,500 mn.

The chief executive said the new project had increased the company’s future sales potential by over Rs400,000 mn in fiscal 2026 and that this represented delivery of two times the firm’s business development guidance for the full financial year. The company indicated that the additions marked its best year for business development in terms of future booking value locked in and that management expected this to support sustained strong growth.

Godrej Properties said it had emerged as the largest listed residential real estate developer in India for the second consecutive year in calendar year 2025 based on operating metrics such as booking value and cash collections. During CY25 booking value rose 19 per cent year-on-year to Rs341,710 mn representing a compound annual growth rate of about 44 per cent between CY22 and CY25, while collections increased 28 per cent to Rs189,790 mn translating into a three-year CAGR of 35 per cent.

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