Godrej Properties Achieves ₹3,000 Crore Sales Milestone with Panipat and Worli Launches

Godrej Properties Limited has announced a significant sales achievement, recording over ₹3,000 crore in bookings across two major project launches in Panipat and Mumbai. The company sold residential plots worth more than ₹1,000 crore at its debut project in Panipat, while its luxury residential project in Worli, South Mumbai, saw sales exceeding ₹2,000 crore. These figures highlight the robust demand for both plotted developments in emerging markets and high-end apartments in established urban centers.

Successful Market Entry in Panipat

The company marked its entry into the Panipat market with the launch of Evora Estate in Sector 40. Since its launch in December 2025, the project has seen the sale of over 600 plots, covering approximately 8 lakh square feet of saleable area. This performance represents the most successful plotted project debut for Godrej Properties to date in terms of sales value. The project spans 43 acres and is designed with a Mediterranean theme, featuring a clubhouse and various lifestyle amenities.

Strategic Location and Infrastructure Drivers

Evora Estate is strategically positioned along NH-44A, providing high connectivity to the broader Delhi-NCR region. The company identified Panipat as an attractive residential micro-market due to sustained infrastructure upgrades and a strengthening industrial ecosystem. The expansion of the transport network and the city's status as a textile and industrial hub have contributed to its rising appeal as a residential catchment area. This project is the fourth addition to the company's residential plotted township portfolio in North India.

Luxury Residential Performance in Worli

Parallel to the success in Panipat, Godrej Properties reported strong performance in the Mumbai real estate market. The first phase of the Godrej Trilogy project in Worli recorded sales worth over ₹2,000 crore. The company has sold nearly 100 homes in this luxury development since its launch in November 2025. The project consists of three towers, with the initial phase involving inventory valued at approximately ₹3,500 crore. This highlights the sustained appetite for premium housing in South Mumbai despite broader market fluctuations.

Leadership Perspective on Emerging Markets

Gaurav Pandey, MD and CEO of Godrej Properties, stated that the response to these launches reflects a shift in customer preferences. He noted that buyers in emerging markets are increasingly seeking well-planned neighborhoods that offer long-term value and a better quality of life. The company remains focused on expanding its footprint in Haryana and other key regions while maintaining a commitment to high-quality, sustainable living environments.

Operational and Financial Highlights

Expansion Strategy and Future Outlook

The Panipat acquisition was part of a broader aggressive expansion strategy. In the 2025 fiscal year, Godrej Properties completed multiple land acquisitions across Delhi-NCR, Mumbai, Bengaluru, and Pune. The company has set a sales booking target of ₹27,000 crore for FY25, supported by a robust pipeline of launches. The focus on Tier-II cities like Panipat complements its high-value urban projects, allowing the company to diversify its portfolio and tap into different buyer segments.

Commitment to Sustainable Development

Godrej Properties continues to emphasize sustainability in its operations. All its projects are committed to third-party green building certifications. This focus on sustainable urban development is a core part of the company's brand identity and aligns with the growing demand for eco-friendly residential spaces. The company has received various global recognitions for its governance and environmental practices, further strengthening investor and customer confidence.

Market Impact and Stock Performance

Following the announcement of the Worli sales figures, shares of Godrej Properties closed 3.37% higher at ₹1,567.90 on the preceding Monday. However, the stock has faced broader market pressures, declining approximately 25.27% over the past six months. Analysts suggest that while the real estate sector has seen some profit-taking after a significant rally, the strong sales performance of leading developers like Godrej Properties indicates that underlying demand remains healthy.

Comparative Project Data

Analysis of the Plotted Development Trend

The success of the Panipat launch underscores a growing trend where investors and homebuyers are looking toward plotted developments in satellite towns. These assets often offer higher flexibility and potential for capital appreciation compared to traditional apartments in congested metros. Improved highway connectivity, such as the upgrades to NH-44, has made these locations viable for those seeking a balance between urban employment and suburban living standards.

Conclusion

The combined sales of ₹3,000 crore from the Panipat and Worli projects demonstrate Godrej Properties' ability to execute successful launches across diverse geographies and product types. As the company continues its expansion into Haryana and other high-growth markets, its focus on infrastructure-linked locations and sustainable design is likely to remain a key differentiator. Investors will be watching for the company's upcoming financial results and further project updates to gauge the sustainability of this sales momentum.