Godrej Properties projecting to surpass ₹32,500 crore in pre-sales for fiscal year 2026 as stated by Pirojsha Godrej
Godrej Properties Maintains Strong Performance Amidst Sluggish Housing Market
The Indian housing market has experienced a slowdown in the past two quarters, with total sales declining due to rising property prices that are outpacing demand, particularly in the middle-class segment [1][3][4]. However, Godrej Properties, the country's largest real estate firm in terms of sales bookings for the last two financial years, is on track to meet or exceed its pre-sales target of ₹32,500 crore for the current fiscal year [2].
The decline in pre-sales for Godrej Properties was primarily due to a high base effect and a slight delay in the launch of a couple of projects. Despite this, the company's balance sheet remains strong, enabling it to make investments in land acquisition and development of projects for ensuring targeted growth of the overall business [5].
In the first quarter of the current fiscal year, Godrej Properties Ltd reported an 18% decline in its pre-sales or sales bookings to Rs 7,082 crore. However, the company achieved a 15% increase in consolidated net profit to ₹598.40 crore for the first quarter of the 2025-26 fiscal year [6].
The collection of funds from customers against bookings rose 22% to ₹3,670 crore during the April-June quarter. Despite a 18% decline in pre-sales, this indicates a strong customer confidence in Godrej Properties [7].
The company's strong performance can be attributed to its premium offerings, specific projects, and robust brand reputation, which are maintaining demand amidst the subdued overall market. This suggests that while the broader market faces challenges, select reputed developers with desirable offerings can still attract buyers [1].
Godrej Properties has a significant presence in major cities like Mumbai Metropolitan Region (MMR), Pune, Bengaluru, Delhi-NCR, and Hyderabad for group housing projects. The company is also venturing into residential plotted development projects in tier II cities like Indore and Panipat [8].
Pirojsha Godrej, the executive Chairperson of Godrej Properties, noted that while the housing market post-COVID has calmed down, the demand condition is still strong. He observed that demand conditions are not as "frothy" as they were in the early years of the upcycle [2].
The article was published on August 3, 2025.
References:
- Livemint
- Business Standard
- Economic Times
- JLL India
- Business Standard
- Business Standard
- Business Standard
- Business Standard
- Despite the sluggish housing market, Godrej Properties, a prominent player in finance, investment, and real-estate, continues to meet its business targets, aiming to achieve the pre-sales target of ₹32,500 crore in the current fiscal year.
- The decline in pre-sales for Godrej Properties was mainly due to a high base effect and a slight delay in project launches, but the company's strong balance sheet allows for ongoing investments in land acquisition and project development.
- In the IT sector, Godrej Properties Ltd reported an 18% decline in pre-sales during the first quarter of the 2025-26 fiscal year, but a 15% increase in consolidated net profit was still achieved.
- The strong collection of funds from customers against bookings, which rose by 22% to ₹3,670 crore during the April-June quarter, indicates a high level of customer confidence in Godrej Properties, even amidst market downturns.
- Godrej Properties has expanded its business presence in major cities and is now venturing into residential plotted development projects in tier II cities, demonstrating its commitment to growth and diversification in various markets and trade sectors.
