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Godrej Properties is set to launch residential projects worth Rs 40,000 crore in the financial year 2025-26 as part of its strategy to expand operations and boost its market share. The company aims to maintain its position as the top listed real estate developer in terms of sales bookings, according to Executive Chairperson Pirojsha Godrej.In an interview with PTI, Pirojsha said housing demand remains strong despite global economic uncertainties. The company recorded sales bookings of Rs 29,444 crore in FY25—its highest ever and the top among listed real estate firms.“So, overall, I am very happy with the company’s performance in FY25, and I think, key is now to maintain this momentum in the current financial year,” Pirojsha said.He added that the company will continue investing in land acquisition and project development to fuel growth and strengthen its market presence.“We raised Rs 6,000 crore in October last year through QIP (Qualified Institutional Placement). That Rs 6,000 crore plus Rs 7,500 crore operating cash flow creates a pretty good war chest to ensure further investments and maintain this kind of strong growth rate,” he explained.For FY26, the company has set a sales bookings guidance of Rs 32,500 crore.“We have guided for Rs 32,500 crore worth of sales booking value for this fiscal, which is 20 per cent higher than our guidance of last year and 10 per cent higher than the actuals we delivered. Hopefully, if market support again, we can outperform the guidance,” Pirojsha said.“We have a good lineup of projects. We have guided for launches of 40,000 crore worth of projects. There is good visibility across the region,” he added.In the previous fiscal year, Godrej Properties had initially targeted launching Rs 30,000 crore worth of projects but ended up launching Rs 36,600 crore worth. According to its investor presentation, the company launched 34 projects—including new developments and phases—covering 292 lakh square feet and representing estimated sales bookings of Rs 36,600 crore.Pirojsha noted that a major project in Worli, Mumbai, is expected to launch in the first half of FY26, and the company also aims to launch its high-value project in Ashok Vihar, Delhi, by March 2026.The combination of new launches and ongoing project sales is expected to help the company meet its FY26 sales target.Sales bookings during FY25 grew 31 per cent year-on-year, rising from Rs 22,527 crore in FY24 to Rs 29,444 crore. Pirojsha highlighted that these bookings were geographically well-distributed.He said, “It is a good sign that the company is not ‘overly reliant on any one region and one or two projects’.”The company’s collections from customers also surged to Rs 17,047 crore in FY25 from Rs 11,436 crore the previous year, supporting strong operating cash flows.Godrej Properties’ market share rose to 4.3 per cent during the last fiscal. According to PropEquity data cited in the company’s investor presentation, the overall tier-I residential market was valued at Rs 6.9 lakh crore in FY25. With sales bookings of Rs 29,444 crore, the company captured a 4.3 per cent share.On the financial front, the company’s consolidated net profit jumped 93 per cent to Rs 1,399.89 crore in FY25 from Rs 725.27 crore the previous year. Total income rose to Rs 6,967.05 crore from Rs 4,334.22 crore in FY24.The board has approved raising up to Rs 2,000 crore through non-convertible debentures, bonds, or other debt securities via private placement, in one or more tranches.Godrej Properties is one of India’s leading real estate developers, with a strong presence in major markets like Delhi-NCR, Mumbai Metropolitan Region, Pune, Bengaluru, and Hyderabad, and some plotted developments in smaller cities.
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