In a remarkable financial performance, Godrej Properties has announced its highest-ever bookings, collections, operating cash flow, earnings, and deliveries in a calendar year for 2024. The company reported a net profit of INR 163 crores for Q3 FY2025, marking a year-on-year growth of 161%. Overall, Godrej Properties achieved a net profit of INR 1,018 crores in the first nine months of FY2025, which reflects an astonishing 301% increase. The booking value surged by 69% to INR 28,800 crores, driven by the sale of 26.38 million square feet, showcasing a volume growth of 54%. This is a significant milestone, as it represents the highest booking value achieved by any listed developer in India in a calendar year. Additionally, the company reported collections and operating cash flow of INR 14,779 crores and INR 6,043 crores, respectively, with year-on-year growth rates of 40% and 52%. Godrej Properties delivered approximately 18 million square feet across seven cities and added 16 new projects with an estimated saleable area of 29.1 million square feet, projecting an expected booking value of INR 36,250 crores. The company’s performance positions it as a frontrunner in the Indian real estate sector, reflecting robust growth and strategic expansion.
Record-Breaking Bookings and Collections
Godrej Properties has set a new benchmark in the Indian real estate market with its record-breaking bookings and collections in FY2025. The booking value for the first nine months of FY2025 reached INR 19,281 crores, marking a remarkable 48% increase from the previous year. The company sold 18.21 million square feet of area during this period, also reflecting a healthy volume growth of 54%. Notably, Q3 FY2025 saw a booking value of INR 5,446 crores from the sale of 4.07 million square feet, which represents a slight decline of 5% year-on-year but a commendable growth of 5% quarter-on-quarter. This achievement marks the sixth consecutive quarter where Godrej Properties has surpassed the INR 5,000 crore mark in booking value.
Moreover, the company successfully achieved 71% of its annual booking value guidance for FY2025, demonstrating its strong operational capability. The Mumbai Metropolitan Region (MMR) recorded an impressive booking value of INR 5,155 crores, reflecting a year-on-year growth of 104%. Similarly, Bengaluru achieved a remarkable booking value of INR 4,807 crores, showcasing a year-on-year growth of 145%. This performance underscores the increasing demand for residential properties in major urban centers, positioning Godrej Properties as a leader in the industry.
Strategic Expansion and Future Prospects
Godrej Properties’ strategic expansion plans have played a pivotal role in its impressive performance. In the third quarter of FY2025 alone, the company launched seven new projects and phases across four cities, adding four new projects with an estimated saleable area of 5.9 million square feet and an expected booking value of INR 10,800 crores. In the nine months of FY2025, Godrej Properties added 12 new projects, encompassing a total estimated saleable area of approximately 16.9 million square feet and a potential booking value of around INR 23,450 crores. This accomplishment has allowed the company to surpass its full-year guidance of INR 20,000 crores, indicating a robust pipeline of future growth.
Additionally, Godrej Properties raised INR 6,000 crores through India’s largest-ever Qualified Institutional Placement (QIP) by a real estate company in Q3 FY2025, securing essential growth capital. The company delivered approximately 2.6 million square feet across two cities during the same quarter, bringing the year-to-date total to around 11.9 million square feet. Executive Chairperson Mr. Pirojsha Godrej expressed confidence in the company’s trajectory, stating, “With a robust launch pipeline, strong balance sheet, and resilient demand, we are on track to surpass our bookings guidance of INR 27,000 crores in FY25.” This statement reinforces the company’s commitment to building scale through market share gains and margin expansion.
