Godrej Properties Limited (GPL), a leading name in India’s real estate sector, has announced its most impressive financial performance to date for the fiscal year 2024-25 (FY25). The company reported a booking value of ₹29,444 crore, marking a 31% year-on-year growth and surpassing its annual guidance by achieving 109% of the target.
Unprecedented Quarterly Performance
In the fourth quarter of FY25, GPL achieved a booking value of ₹10,163 crore, a 7% increase compared to the same period in the previous year. This milestone marks the first time the company has crossed the ₹10,000 crore threshold in a single quarter. The sales were driven by the sale of 3,703 homes, covering a total area of 7.52 million square feet.
Regional Contributions and Key Projects
The National Capital Region (NCR) emerged as the top contributor, accounting for ₹10,500 crore of the total booking value. This was followed by the Mumbai Metropolitan Region (MMR) with ₹8,000 crore and Bengaluru with ₹5,000 crore.
Significant projects that fueled this growth include:
Godrej Riverine, NOIDA
Booking value exceeding ₹2,000 crore.
Godrej Astra, Gurugram
Booking value over ₹1,000 crore.
Godrej Madison Avenue, Hyderabad
Booking value surpassing ₹1,000 crore.
Strategic Business Developments
Throughout FY25, GPL added new projects with a future booking potential of ₹26,450 crore, ensuring a robust pipeline for the coming years. The company also raised ₹6,000 crore through a Qualified Institutional Placement (QIP) in December 2024, bolstering its financial position for future investments.
Leadership's Perspective
Gaurav Pandey, Managing Director and CEO of Godrej Properties, expressed his satisfaction with the company’s performance, stating, “We are delighted to have crossed ₹10,000 crore in sales bookings for the first time in a single quarter. Our sales bookings over the last three years have compounded at an annual growth rate of 55%, resetting the scale of our operations.”
Outlook
With a strong financial foundation, a diverse project portfolio, and a commitment to sustainability, Godrej Properties is well-positioned to continue its growth trajectory in the Indian real estate market.
