Godrej Properties is confident of metting and potentially exceed, its pre-sales target of ₹32,500 crore for FY26, as the housing demand environment continues to be "attractive," a top company official said. In an interview with PTI, Executive Chairperson Pirojsha Godrej expressed confidence that the company would achieve its annual guidance across key metrics, including pre-sales, collections from customers, deliveries, new project launches, and land acquisitions.
"I think, overall market is holding up well. The demand environment continues to be quite attractive," Pirojsha said. He added that pre-sales grew 13% in the first six months of this fiscal, reaching ₹15,587 crore from ₹13,835 crore in the year-ago period.
"We have already achieved about 48 per cent of our full-year guidance. Now, if you look at past years, typically, the second half is always quite a bit stronger than the first half. So, we are very confident of meeting or exceeding full-year guidance of ₹32,500 crore," he added.
During FY25, Godrej Properties' sales bookings stood at ₹29,444 crore, making it the largest listed firm in terms of pre-sales. For the first time, the company clocked sales bookings of more than ₹1,500 crore each in Delhi-NCR, Mumbai Metropolitan Region, Bengaluru, and Hyderabad during the September quarter.
"So, all in all, it was quite a satisfying quarter. But, there are a lot of opportunities in the third and fourth quarter as well," Pirojsha noted. For the remaining fiscal year, the company plans a deep and exciting launch pipeline that features a large project in Worli, Mumbai, with a revenue potential of more than ₹10,000 crore.
Due to monsoon and environmental issues, customers have been slower to make payments as constructions have been delayed. The company is still keeping its promise of raising collection to ₹21,000 crore. In April-September FY26, Godrej Properties collections were at ₹7,736 crore, which is 37% of the target.
Pirojsha was quoted as saying that most of the project deliveries are scheduled for January-March FY26, which will be a strong support in achieving fund collection targets. Moreover, he indicated that the company would be able to continue growing through operational cash flow and the ₹6,000 crore from the QIP raised last year.
Godrej Properties financially, have made a consolidated net profit of ₹402.99 crore in Q2 FY26, which is 21% higher year-over-year than the corresponding quarter of ₹333.79 crore. The total revenue for the quarter from July to September was ₹1,950.05 crore as compared to ₹1,346.54 crore.
Godrej Properties mainly builds residential group housing projects in the five major markets of Delhi-NCR, Mumbai Metropolitan Region, Pune, Bengaluru, and Hyderabad. Additionally, the company is selling residential plots in various cities across India.
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