Godrej Properties Booking Value Soars 19% in CY25 to ₹34,171 Crore

Introduction

Godrej Properties Ltd (GPL) has solidified its position as India’s largest listed residential real estate developer for the second consecutive year, reporting a 19% year-on-year increase in booking value to ₹34,171 crore for the calendar year 2025. The company's robust performance was also reflected in its cash collections, which grew by 28% to ₹18,979 crore, underscoring sustained demand for high-quality housing across major Indian cities.

Sustained Growth Momentum

The performance in 2025 continues a trend of strong growth for the company. Between the calendar years 2022 and 2025, Godrej Properties achieved a compound annual growth rate (CAGR) of approximately 44% in booking value and 35% in collections. This consistent growth, even on a high base from the previous year, highlights the effectiveness of its portfolio and operational execution.

Commenting on the results, Gaurav Pandey, Managing Director and CEO of Godrej Properties, stated that the strong growth reflects sustained demand in India's major metropolitan markets. He emphasized the company's focus on design, quality, timely delivery, and innovation as key drivers for building on this momentum.

Diversified Sales Portfolio

The company's sales were geographically well-diversified, preventing over-reliance on a single market. The Mumbai Metropolitan Region (MMR) led with sales worth ₹9,677 crore, followed closely by the National Capital Region (NCR) at ₹9,348 crore. Other significant contributions came from Bengaluru (₹6,566 crore), Pune (₹4,083 crore), and Hyderabad (₹3,052 crore). This growth was supported by a broad project portfolio, with 11 individual projects each generating a booking value of over ₹1,000 crore during the year.

Strong Quarterly Performance

The positive trend has continued into the current financial year. For the fiscal year 2026 year-to-date, Godrej Properties recorded a booking value of ₹24,008 crore, up 25% year-on-year. Collections for the same period stood at ₹12,018 crore, a 19% increase.

The December quarter (Q3FY26) was particularly strong, with booking value surging 55% year-on-year to ₹8,421 crore. Collections for the quarter rose by 40% to ₹4,282 crore. Similarly, the second quarter of FY26 (Q2FY26) saw a booking value of ₹8,505 crore, marking a 64% year-on-year increase, driven by the sale of 4,522 homes.

Financial Health and Strategic Outlook

Godrej Properties has strengthened its financial position to support its aggressive growth plans. The company successfully raised ₹6,000 crore through a Qualified Institutional Placement (QIP), which, combined with strong operating cash flow, provides significant capital for future investments. Pirojsha Godrej, Executive Chairperson, noted that the company has achieved a remarkable increase in scale over the past few years, with quarterly bookings in Q2FY26 surpassing the annual bookings of FY22.

Looking ahead, the company is confident about its future performance. With a robust launch pipeline of projects worth ₹40,000 crore planned across its key markets, Godrej Properties is targeting a booking value of over ₹32,500 crore in FY26. Management also anticipates collections to grow from ₹17,000 crore in FY25 to ₹21,000 crore in FY26, reflecting the high quality of its sales and execution capabilities.

Market Impact and Analysis

The consistent, high-growth performance of Godrej Properties signals a larger trend of consolidation in the Indian real estate market. Organized, well-capitalized developers with strong brand recognition are increasingly capturing a larger market share. The company's ability to generate record collections and operating cash flows is particularly significant, as it enables a virtuous cycle of reinvestment into new projects and land acquisition without relying heavily on external debt.

Despite the strong operational results, the company's stock has shown some volatility. On January 14, 2026, shares of Godrej Properties ended 0.37% lower at ₹1,871.80 on the NSE. This indicates that while the operational metrics are strong, broader market sentiment and factors like rising expenses and margin pressures, as seen in Q4FY25 results, also influence investor decisions.

Conclusion

Godrej Properties has delivered a landmark performance in calendar year 2025, reinforcing its leadership in the Indian residential real estate sector. With record-breaking booking values, robust cash collections, and a clear strategy for future growth, the company is well-positioned to capitalize on the resilient demand for housing. Its focus on execution, diversified portfolio, and strong financial health provides a solid foundation to achieve its ambitious targets for FY26 and beyond.