Godrej Properties: Rs 300 billion housing projects to launch in FY?25
Real Estate

Godrej Properties: Rs 300 billion housing projects to launch in FY?25

The real estate company Godrej Properties intends to introduce residential projects valued at Rs 300 billion this fiscal year in prominent cities such as Delhi, Gurugram and Noida. This initiative aims to attain a 20% increase in sales bookings, in line with the company's projections. Pirojsha Adi Godrej, the CEO of Godrej Properties, stated that they had provided sales booking guidance of Rs 2,700 billion for the current fiscal year, reflecting a 20% growth from the high base in 2023-24. To capitalise on this demand, he mentioned that the company had planned launches for multiple projects across the Delhi-NCR, Mumbai-Metropolitan Region (MMR), Bengaluru, Pune, and Hyderabad markets. In the previous fiscal year, the company saw a significant increase in sales bookings, rising by 84% to a record of Rs 2,252 billion from Rs 1,223 billion in the preceding year. This marks the highest sales reported by any listed entity for FY'24. As per an investor presentation, Godrej Properties intends to launch projects covering 21.9 million square feet of space this fiscal year, with an estimated sales booking value of Rs 3,000 billion. Pirojsha mentioned that, apart from launches and sales, the company planned to persist in acquiring land parcels for future development and enhance project deliveries. He stated that the substantial business development (land acquisition) carried out in previous years under favourable terms enabled it to increase bookings by 84 % to Rs 2,252 billion in 2023?24 and emerge as the largest publicly listed real estate developer in India by sales. Recently, Godrej Properties announced its highest-ever quarterly profit, with earnings increasing by 14% annually to Rs 4.7 billion in the March quarter. This marked an improvement from a net profit of Rs 4.1 billion in the same period last year. Total income for the fourth quarter of FY24 rose to Rs 19.1 billion, up from Rs 18.3 billion in the corresponding period. In the previous fiscal year, the company delivered 12.5 million square feet of area and aims to increase this figure to 15 million sq ft in 2024-25.

The real estate company Godrej Properties intends to introduce residential projects valued at Rs 300 billion this fiscal year in prominent cities such as Delhi, Gurugram and Noida. This initiative aims to attain a 20% increase in sales bookings, in line with the company's projections. Pirojsha Adi Godrej, the CEO of Godrej Properties, stated that they had provided sales booking guidance of Rs 2,700 billion for the current fiscal year, reflecting a 20% growth from the high base in 2023-24. To capitalise on this demand, he mentioned that the company had planned launches for multiple projects across the Delhi-NCR, Mumbai-Metropolitan Region (MMR), Bengaluru, Pune, and Hyderabad markets. In the previous fiscal year, the company saw a significant increase in sales bookings, rising by 84% to a record of Rs 2,252 billion from Rs 1,223 billion in the preceding year. This marks the highest sales reported by any listed entity for FY'24. As per an investor presentation, Godrej Properties intends to launch projects covering 21.9 million square feet of space this fiscal year, with an estimated sales booking value of Rs 3,000 billion. Pirojsha mentioned that, apart from launches and sales, the company planned to persist in acquiring land parcels for future development and enhance project deliveries. He stated that the substantial business development (land acquisition) carried out in previous years under favourable terms enabled it to increase bookings by 84 % to Rs 2,252 billion in 2023?24 and emerge as the largest publicly listed real estate developer in India by sales. Recently, Godrej Properties announced its highest-ever quarterly profit, with earnings increasing by 14% annually to Rs 4.7 billion in the March quarter. This marked an improvement from a net profit of Rs 4.1 billion in the same period last year. Total income for the fourth quarter of FY24 rose to Rs 19.1 billion, up from Rs 18.3 billion in the corresponding period. In the previous fiscal year, the company delivered 12.5 million square feet of area and aims to increase this figure to 15 million sq ft in 2024-25.

Next Story
Building Material

Ambuja Cements Drags JSW Cement to Court Over ‘Kawach’ Brand

Ambuja Cements, part of the Adani Group, has filed a trademark infringement case against JSW Cement in the Delhi High Court, alleging that its rival copied the ‘Kawach’ brand with its new product ‘Jal Kavach’.Justice Manmeet Pritam Singh Arora issued summons to JSW Cement and its subsidiary, JSW IP Holdings Pvt Ltd, while referring the matter to mediation. Hearings are scheduled to resume on October 15 if no settlement is reached.Ambuja, which registered the ‘Kawach’ trademark in 2019, argues that the term ‘Kavach’—meaning shield—is the distinctive feature of its branding. ..

Next Story
Technology

Bentley Systems Named Innovation Partner of the Year 2025 by Afcons

Bentley Systems, the infrastructure engineering software company, has been recognised by Afcons Infrastructure Limited as its Innovation Partner of the Year 2025 at the Innovation Partners 2025 Felicitation Ceremony in Mumbai. The award acknowledges Bentley’s contribution to Afcons’ engineering digitalisation journey through an enterprise agreement providing access to over 250 Bentley engineering software tools. This adoption has enabled Afcons to accelerate project delivery, standardise digital workflows, and strengthen innovation across its infrastructure portfolio. Among key i..

Next Story
Infrastructure Urban

SBI Sells 13.18% Stake in Yes Bank to Japan’s SMBC

State Bank of India (SBI) has completed the sale of a 13.18 per cent stake in Yes Bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for over Rs 8,889 crore. The divestment is part of a Rs 13,482 crore deal finalised in May with SMBC and seven private banks.Following the transaction, SBI’s shareholding in Yes Bank stands at 10.8 per cent. The deal, involving 4,134.4 million shares at Rs 21.50 each, is the largest cross-border transaction in the Indian banking sector.SBI Chairman C S Setty described the 2020 RBI-led rescue of Yes Bank as a pioneering public-private partnership, addi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?