Godrej Properties to launch Rs. 40,000 cr housing projects in FY26, says Pirojsha Godrej

Godrej Properties has a vision to kick off housing projects worth Rs. 40,000 crore to grow its market presence, continue to be the largest listed real estate firm by the number of sales bookings.

Godrej Properties Executive Chairperson Pirojsha Godrej during an interview with PTI mentioned that the housing demand is bouncing back despite global economic anxieties and highlighted the company’s performance in the last fiscal year, with Rs. 29,444 crores in sales bookings.

"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 told PTI.

He said that the company will continue its attempts to acquire land and improve development works to move its business forward and become more competitive.

"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," Pirojsha said.

Talking about the targets for the 2025-26 fiscal, he said, "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. 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."

Pirojsha had mentioned that in the last financial year, the company had planned to launch projects worth Rs. 30,000 crore, but ended up launching assets worth Rs. 36,600 crore. During the last fiscal, Godrej Properties brought out 34 new projects or developments in old projects with a total of 292 lakh sq. ft of sales bookings of Rs. 36,600 crore as an investor’s report reveals. Godrej Properties are one of the leading real estate developers in India. The company concentrates mainly on Group housing projects in Delhi-NCR, Mumbai Metropolitan Region, Pune, Bengaluru and Hyderabad.