Godrej Properties Sets Sights Residential Launches by March 2025

13 Aug 2024 CW Team

Godrej Properties is gearing up to launch residential projects worth $2.5 billion by March 2025, capitalizing on robust consumer demand across major cities. The company aims to achieve a 20% growth in sales bookings for the current fiscal year, targeting $3.3 billion, according to Executive Chairperson Pirojsha Godrej in a recent interview.

Last fiscal, the company?s sales bookings soared 84% to a record $2.7 billion, marking the highest among listed real estate firms in 2023-24. Godrej Properties has already launched projects worth $1.1 billion in the first quarter of this fiscal and has a strong pipeline for the remaining three quarters.

Focused on key markets such as the Mumbai Metropolitan Region (MMR), Delhi-NCR, Bengaluru, Pune, and Hyderabad, the company continues to witness strong demand. The first quarter of 2024-25 saw Godrej Properties' sales bookings skyrocket nearly four times to $1.04 billion, setting a new record for the company.

With a consolidated net profit jumping more than four-fold to $62.5 million in Q1, and total income growing to $204 million, Godrej Properties is well-positioned to meet its ambitious goals for the fiscal year.

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