Godrej Properties Delivers Highest Quarterly, Full-Year Bookings in Q4

Mumbai, May 2, 2025: Godrej Properties Limited (GPL) delivered its highest quarterly and full-year bookings in the fourth quarter ended March 31.

Booking value grew 31 per cent Y-o-Y to INR 29,444 crore through the sale of 15,302 homes with a total area of 25.73 million sq ft, a Y-o-Y volume growth of 29 per cent, the highest booking value and area sold by any Indian real estate developer in a financial year.

GPL also achieved the highest cumulative booking value of INR 84,704 crore for any real estate developer since FY20 with INR 64,203 crore sold since FY23.

GPL, which achieved 109 per cent of its annual guidance for booking value for FY25, is the only leading real estate developer that has delivered eight consecutive financial years of booking value growth.

The company also reported most broadly distributed sales in the industry with 36 per cent booking value coming from the largest market alone, 27 per cent from the home market and 13 per cent from the largest single project.

NCR, MMR and Bengaluru contributed INR 10,523 crore, INR 8,034 crore and INR 5,089 crore, respectively, to the booking value. Twelve projects across six cities achieved a booking value of more than INR 1,000 crore in FY25.

Thirty-four new projects and phases were launched during the financial year across seven cities.

Booking value in Q4 grew 87 per cent Q-o-Q and 7 per cent Y-o-Y to INR 10,163 crore through the sale of 3,703 homes with a total area of 7.52 million sq ft. This is the highest ever quarterly booking value achieved by Godrej Properties.

This is the first quarter in which GPL crossed INR 10,000 crore in booking value and also the seventh consecutive quarter in which it crossed more than INR 5,000 crore of booking value.

The booking value in Q4 was driven by strong demand in some key new project launches, including Godrej Riverine, Noida (INR 2,206 crore); Godrej Astra, Gurugram (INR 1,323 crore) and Godrej Madison Avenue, GPL’s first project in Hyderabad (INR 1,081 crore).

Twelve new projects and phases were launched during the quarter across five cities.

GPL also recorded the highest quarterly and full-year collections and operating cash flow (OCF).

The company also reported the highest quarterly and full-year residential sale collections announced by any real estate developer in India to date.

Q4 collections stood at INR 6,961 crore, representing a Y-o-Y growth of 48 per cent, and Q-o-Q growth of 127 per cent. FY25 collections stood at INR 17,047 crore, representing a YoY growth of 49 per cent.

GPL achieved 114 per cent of its annual guidance for collections for FY25 and reported the highest quarterly and full-year OCF announced by any real estate developer in India to date. Q4 FY25 OCF stood at INR 4,047 crore, representing a Q-o-Q growth of 559 per cent and a Y-o-Y growth of 55 per cent. FY25 OCF stood at INR 7,484 crore, representing a Y-o-Y growth of 73 per cent.

FY25 was another strong year for GPL’s business development. The company added 14 new projects in FY25 with a total estimated saleable area of approximately 19 million sq ft and total estimated booking value potential of INR 26,450 crore. This includes two new projects with an expected booking value of INR 3,000 crore added in Q4. GPL achieved 132 per cent of its annual guidance for business development in FY25.

In the highest deliveries in FY25, GPL delivered 18.4 million sq ft of projects in FY25 across five cities, representing a Y-o-Y growth of 47 per cent. This includes 6.5 million sq ft of deliveries in Q4, representing a Y-o-Y growth of 8 per cent and a Q-o-Q growth of 150 per cent. GPL achieved 123 per cent of its annual guidance for deliveries in FY25.

GPL also raised INR 6,000 crore of equity for growth capital through the largest QIP by a real estate company in India in December 2024.

Godrej Properties was included in the 2025 Sustainability Yearbook by S&P Global, recognised among the top 10 per cent in the real estate management and development sector globally and honoured as an industry mover. GPL was also part of the Emerging Markets index of the Dow Jones Best in class indices for the second consecutive year.

Pirojsha Godrej, executive chairperson, GPL, was awarded the EY Entrepreneur of The Year Award 2024 in the energy, real estate and infrastructure category. GPL received 32 awards in Q4 FY25 and a total of 117 awards in FY25.

Promoters increased stake in GPL through open market purchase of 5,63,942 shares at an average price of INR 2,050 per share, investing a total of INR 116 crore between December 2024 and March 2025.

Pirojsha Godrej said, “Godrej Properties delivered a record-breaking financial year 2025 with its highest ever bookings, collections, operating cashflows, earnings and deliveries as well as a strong year for business development.” It is the eighth consecutive year of booking value growth for the company, indicating its resilience to grow through various macroeconomic cycles, he added.

“Our sales bookings over the last three years have compounded at an annual growth rate of 55 per cent. Through this, GPL has completely reset the scale of its operations and is the largest real estate developer in India by booking value for the second consecutive year,” he added.

“Our business development additions with a future booking value of INR 26,450 crore in FY25 will ensure that we continue to have a strong launch pipeline in the years ahead. Furthermore, the equity capital of INR 6,000 crore we raised through a QIP in December 2024, combined with the record operating cash flow of INR 7,484 crore we generated in FY25, will enable us to continue to invest for growth.”

In FY26, GPL plans to grow residential bookings to over INR 32,500 crore through the launch of a large number of exciting new projects combined with strong sustenance sales.

“This combined with strong construction progress will allow us to maintain rapid growth in operating cash flows as well. With a robust launch pipeline, strong balance sheet and sectoral tailwinds, we are confident of continuing the momentum in FY26,” he further added.