Godrej Properties Reports Record-Breaking Q4 and FY25 Sales Bookings

Godrej Properties Limited (GPL), a leading real estate developer in India, announced a milestone on April 8 with more than Rs 10,000 crore in Q4FY25 sales bookings representing a 7% year-on-year increase. The company also achieved an all-time high full-fiscal pre-sales of Rs 29,444 crore in FY25, a 31% growth over the previous fiscal.

The Q4 performance, as per the company's regulatory filing, came from the sale of 3,703 homes that encompassed 7.52 million square feet its record quarterly booking value ever. FY25, altogether, witnessed 15,302 homes sold over 25.73 million sq ft a 29% volume growth year-on-year.

This is the seventh quarter in a row GPL has posted over Rs 5,000 crore booking value, which reflects sustained momentum and robust demand in the markets. The firm also reported that its FY25 booking value is the highest annual figure posted by any Indian real estate developer so far.

Major projects responsible for the Q4 boom include Godrej Riverine in Noida, which contributed over Rs 2,000 crore of booking value by itself. Godrej Astra in Gurugram and Godrej Madison Avenue in Hyderabad were other major contributors, each exceeding Rs 1,000 crore.

Geographically, the National Capital Region (NCR) contributed the highest sales in FY25 with over ₹10,500 crore followed by Mumbai Metropolitan Region (MMR) with Rs 8,000 crore and Bengaluru with Rs 5,000 crore.

Reacting to the company's all-time high performance, Gaurav Pandey, MD and CEO, Godrej Properties, stated, "We are thrilled to have achieved a sales bookings milestone of Rs 10,000 crore for the very first time in a single quarter". In the last three years, our bookings have grown at a compounded annual rate of 55%, enabling us to re-establish the scale of our business. We are India's largest real estate developer by book value for the second year in a row. We take this opportunity to thank our customers and stakeholders heartily for their continued faith".

Emphasizing the firm's strategy for future growth, Pandey further stated, "Our FY25 business development activities brought on board projects of potential booking value of Rs 26,450 crore, providing a robust launch pipeline going forward. Moreover, the Rs 6,000 crore equity capital raised during a QIP in December 2024, combined with record operating cash flows, leaves us well set for long-term expansion".

With an increasing presence in Delhi-NCR, MMR, Pune, Bengaluru, and recent foray into Hyderabad, Godrej Properties is well-placed to go from strength to strength in the Indian realty sector.