Godrej Properties Bookings Soar 55% to ₹8,421 Crore in Q3

Introduction to a Record-Breaking Quarter

Godrej Properties Ltd. has announced a remarkable performance for the third quarter of the financial year, with sales bookings surging by 55% year-on-year. The real estate developer recorded bookings worth ₹8,421 crore for the October-December 2025 period, showcasing robust demand for its projects and a significant outperformance compared to the previous year. This growth is complemented by a strong increase in collections, indicating healthy cash flow and operational efficiency.

Deep Dive into Quarterly Performance

The company's booking value for the quarter marks a new high, reflecting consistent consumer interest in its offerings across major metropolitan areas. Alongside the impressive sales figures, collections from customers also witnessed substantial growth, climbing 40% year-on-year to reach ₹4,282 crore. This dual growth in both bookings and collections underscores the company's ability to not only secure sales but also to effectively manage its cash flow cycle, a critical aspect of the real estate business.

Sustained Momentum: Annual and Year-to-Date Figures

Looking at the broader picture, Godrej Properties has demonstrated sustained momentum throughout the calendar year 2025. The developer's booking value for the full year increased by 19% to ₹34,171 crore, while collections grew by an even stronger 28% to ₹18,979 crore. This performance was supported by the launch of 41 new projects and phases across various cities. For the current financial year to date (April-December 2025), the company has achieved a booking value of ₹24,008 crore, a 25% increase from the corresponding period last year. Collections for the same period rose by 19% to ₹12,018 crore. The company highlighted its consistency by achieving booking values exceeding ₹7,000 crore in each quarter of the 2025 calendar year.

Key Growth Drivers and Project Success

The strong performance is attributed to a combination of new project launches and sustained demand in key markets. The company successfully launched 34 new projects and phases in FY25 across seven cities. Several projects achieved significant milestones, with 12 projects crossing the ₹1,000 crore booking value mark in FY25. Notable successes include Godrej Woodscapes in Bengaluru, which alone generated over ₹3,700 crore in booking value. Similarly, Godrej Jardinia and Godrej Riverine in Noida each surpassed ₹2,000 crore in bookings, highlighting the strong performance in the National Capital Region (NCR), which contributed ₹10,523 crore to the total booking value.

Financial Health and Market Position

Godrej Properties maintains a strong financial position in the market. The company's market capitalization stands at approximately ₹56,380 crore, ranking it among the top real estate firms in India. Its consistent financial performance is reflected in its key metrics.

For the financial year ending March 31, 2025, the company's consolidated total revenue grew by 60.75% to ₹6,967.05 crore, while Profit After Tax (PAT) saw a remarkable 93.02% increase to ₹1,399.89 crore. This demonstrates strong profitability alongside revenue growth.

Management Outlook and Future Strategy

Executive Chairperson Pirojsha Godrej expressed confidence in the company's trajectory, stating that Godrej Properties is on track to meet or even exceed its full-year sales guidance of ₹32,500 crore for FY26. The company has already achieved 48% of this target in the first half of the fiscal year. A robust launch pipeline for the second half, including a major project in Worli, Mumbai, with a revenue potential exceeding ₹10,000 crore, is expected to further boost performance. The company's balance sheet was strengthened by a ₹6,000 crore fundraise through a Qualified Institutional Placement (QIP), providing ample capital for future growth and new project acquisitions.

Real Estate Sector Trends

The Indian residential real estate market continues to exhibit strong fundamentals. A noticeable trend is the shift towards premiumisation, with homebuyers aspiring for an enhanced lifestyle and larger living spaces. This has led to a significant increase in the sales value of properties, particularly in the ticket sizes above ₹1 crore. Stable economic conditions and favorable interest rates are expected to sustain this demand. Godrej Properties, with its strong brand, pan-India presence, and focus on quality, is well-positioned to capitalize on these sectoral tailwinds.

Conclusion

Godrej Properties' outstanding Q3 performance, characterized by a 55% surge in bookings, reflects its strong execution capabilities and the resilient demand in the Indian real estate market. With a solid foundation from the first half of the fiscal year and a strong pipeline of upcoming projects, the company is confidently moving towards achieving its ambitious annual targets. The consistent growth across key markets and strong financial metrics position Godrej Properties for sustained value creation for its stakeholders.