Godrej Properties to Launch Housing Project Worth Rs. 30,000 Crore in FY 25 - Pirojsha Godrej

Reality firm Godrej Properties is gearing up to make a significant impact in the real estate market by unveiling residential projects worth a staggering Rs. 30,000 crore in the current fiscal year. Executive Chairperson Pirojsha Godrej has expressed their ambitious plans to launch these projects across major cities, aiming to achieve a 20% growth in sales bookings.

Sales Bookings Guidance and Growth

Pirojsha Godrej shared in an interview with PTI that the company has set a sales bookings guidance of Rs. 27,000 crore for the fiscal year. This represents a substantial 20% growth from the high base achieved in the previous year. In FY'24, Godrej Properties recorded an impressive 84% surge in sales bookings, reaching a record-breaking figure of Rs. 22,527 crore.

Strong Housing Demand

The real estate market continues to witness robust demand, particularly for reputed brands like Godrej Properties. Pirojsha emphasized that the housing demand remains strong, reflecting positively on the company's performance in terms of launches, sales, customer collections, business growth, project deliveries, cash flow, and profits.

Expansion Plans

To capitalize on this thriving market demand, Godrej Properties has outlined plans to launch multiple projects in key cities including Delhi-NCR, Mumbai-Metropolitan Region (MMR), Bengaluru, Pune, and Hyderabad. The company is set to introduce six projects in Delhi, Gurugram, and Noida during the current fiscal year.

Strategic Acquisitions and Developments

In addition to new launches and sales, Godrej Properties is actively pursuing land acquisitions for future development projects. The company remains focused on enhancing project deliveries and expanding its business operations to maintain its prominent position in the market.

Positive Outlook and Financial Performance

Pirojsha Godrej expressed optimism regarding the sustained housing demand in the years ahead, citing favorable sectoral trends. The company's recent financial performance reflects this confidence, with Godrej Properties reporting its highest-ever quarterly profit and substantial growth in net profit and total income.

Growth Targets and Deliveries

Godrej Properties aims to launch 21.9 million square feet of area in the ongoing fiscal year, with an estimated sales booking value of Rs. 30,000 crore. The company delivered 12.5 million square feet in the previous year and aims to scale up deliveries to 15 million square feet in FY 2024-25.

In conclusion, Godrej Properties' ambitious plans to launch housing projects worth Rs. 30,000 crore underscore its commitment to meeting the evolving needs of the real estate market. With a strong focus on sales bookings, strategic acquisitions, and project deliveries, the company is well-positioned to capitalize on the robust housing demand and maintain its leadership in the industry.