Godrej Properties obtained 5 land parcels in the April-June quarter to develop real estate jobs with income capacity of 11,400 crore and will continue to pursue appealing land-buying chances, according to a leading business authorities.
In an interview with PTI, Godrej Properties Executive Chairperson Pirojsha Godrej stated, “We are quite active on the land front. I think anytime there is a good opportunity, of course, we want to pursue it.” He highlighted that the business’s balance sheet is really strong since of robust functional capital and funds raised in December in 2015 through Qualified Institutional Placement (QIP).
“I think good thing is, with the QIP we did in December last year, company’s balance sheet is very, very strong. So if there are good opportunities, we will go after them,” Pirojsha stated.
Throughout the very first quarter of this , the business got 5 colony parcels in Mumbai, Pune, Bengaluru and Panipat. These acquisitions were through straight-out purchase and joint advancement arrangements with land owners.
On these 5 colony parcels, the business will construct real estate jobs, which bring an overall earnings capacity of 11,400 crore.
Pirojsha stated the business will ideally attain the yearly target of including jobs worth 20,000 crore in the 2nd or 3rd quarter of 2025-26 financial itself.
For group real estate jobs, Godrej Properties is purchasing land mostly in Delhi-NCR, Mumbai Metropolitan Region (MMR), Pune, Bengaluru and Hyderabad. The business is obtaining land in tier II cities for the advancement of domestic plots.
On sales, Pirojsha Godrej stated the business is on track to satisfy and even go beyond the 32,500 crore sales reservations target for this financial as real estate need continues to be strong.
Throughout the 2024-25 , the business’s sales reserving increased 31 percent to a record 29,444 crore from 22,527 crore in the preceding year.
In the very first quarter of this financial, Godrej Properties reported an 18 percent decrease in its pre-sales or sales reservations to 7,082 crore. Pirojsha associated the decrease in pre-sales to the high base impact and small hold-up in the launch of a number of tasks.
Throughout the last 2 fiscal years, Godrej Properties was the nation’s biggest realty company in regards to sales reservations.
The business is most likely to maintain its leading rank for the 3rd successive if it accomplishes the sales reservations target of 32,500 crore.
On the monetary front, Godrej Properties just recently reported a 15 percent boost in its combined net earnings to 598.40 crore for the very first quarter of this financial versus 518.8 crore in the year-ago duration.
Overall earnings, nevertheless, was up to 1,620.34 crore in the April-June duration of 2025-26 financial versus 1,699.48 crore in the matching duration of the preceding year. The Mumbai-based company published a net revenue of 1,389.23 crore on an overall earnings of 6,967.05 crore throughout the last fiscal year.
Released on August 10, 2025
