Latest news with #GodrejProperties'
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Business Standard
9 hours ago
- Business
- Business Standard
Godrej Properties sells homes worth ₹2,000 cr at Bengaluru project launch
Godrej Properties, the realty arm of Godrej Industries Group, has sold 1,450 homes worth Rs 2,000 crore at the launch of the first phase of its township project, Barca at the Godrej MSR City, in Devanahalli, Bengaluru. The Mumbai-based real estate developer sold homes with over 2.2 million square feet (msf) of area, making it the most successful launch ever in the North Bengaluru micro-market by both value and volume of sales, the company claimed. The phase was launched in April 2025. Godrej MSR City has a developable potential of 5.6 msf and has significant unlaunched inventory remaining, which the company plans to sell in the coming years. This is one of Godrej Properties' largest residential developments, the company noted. Gaurav Pandey, managing director and chief executive officer of Godrej Properties, said: 'We are delighted with the response to our project, Godrej MSR City. The strong demand reflects growing consumer preference for thoughtfully designed communities that offer a blend of lifestyle, connectivity, and long-term value. This success reaffirms our commitment to delivering high-quality developments that resonate with the aspirations of modern homebuyers. We would like to take this opportunity to sincerely thank our customers and all stakeholders for their trust and confidence in Godrej Properties.' Besides, in the past one year, Devanahalli has seen 212 new sales transactions with a gross sales value of Rs 133 crore, according to Square Yards Data Intelligence, a real estate data analytics platform. The property rate in the area is around Rs 18,056 per square foot (sq ft) as of the first quarter of the calendar year 2025 (Q1 CY25), against Rs 14,105 per sq ft in Q1 CY24. Earlier this month, the company announced that it will develop a premium residential project on a 14-acre land parcel in Hoskote, East Bengaluru, with an estimated revenue potential of Rs 1,500 crore.
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Business Standard
7 days ago
- Business
- Business Standard
Godrej Properties buys Upper Kharadi land with Rs 3,100 cr revenue scope
The 16-acre parcel in Pune's Upper Kharadi will support premium housing and retail, marking Godrej Properties' second acquisition in the region this month Mumbai Godrej Properties, the realty arm of Godrej Industries Group, has acquired a 16-acre land parcel in Pune's Upper Kharadi, with an estimated revenue potential of Rs 3,100 crore. The development on this land will primarily comprise premium group housing and high-street retail. The project will have a developable potential of 2.5 million square feet. This is the company's second land acquisition this month in Pune's Kharadi–Wagholi belt, taking the estimated cumulative revenue potential from the two developments to approximately Rs 7,300 crore based on current business assumptions. Additionally, the land parcel in Upper Kharadi is situated within the micro-market of Kharadi–Wagholi and is near the IT hubs of Viman Nagar, Magarpatta and Hadapsar. Gaurav Pandey, managing director and chief executive officer, Godrej Properties, said: 'Upper Kharadi has rapidly emerged as one of Pune's most promising real estate corridors, driven by its evolving infrastructure and strong connectivity. This marks our second land acquisition in the micro-market, reflecting both the area's growing demand and our commitment to expanding in high-potential urban clusters across India. We will aim to create a thoughtfully designed, future-ready development that delivers long-term value and enhances the quality of life for residents.' On Monday (16 June), the company announced that it will develop a premium residential project on a 14-acre land parcel in Hoskote, East Bengaluru, with an estimated revenue potential of Rs 1,500 crore. Earlier, the company recorded its highest-ever quarterly bookings of Rs 10,163 crore in the fourth quarter of the financial year 2025 (Q4FY25), up 7 per cent year on year (YoY). The company's quarterly bookings crossed Rs 10,000 crore for the first time.
Time of India
7 days ago
- Business
- Time of India
Godrej Properties shares in focus after 16-acre land acquisition in Pune
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Godrej Properties are likely to be in focus on Tuesday, June 17, after the company announced the acquisition of a 16-acre land parcel in Upper Kharadi, Pune, with an estimated revenue potential of Rs 3,100 marks Godrej Properties' (GPL) second land acquisition in the Kharadi–Wagholi micro-market this month, further strengthening its footprint in one of Pune's most promising growth Pune development will primarily comprise premium group housing and high-street retail, with a developable potential of approximately 2.5 million square feet. The strategically located land parcel offers strong connectivity to major commercial hubs and IT centers such as Viman Nagar, Magarpatta, and Hadapsar, in addition to proximity to established social infrastructure including schools, hospitals, malls, and this acquisition, the cumulative estimated revenue potential from Godrej's two recent land deals in the region stands at Rs 7,300 crore.'Upper Kharadi has rapidly emerged as one of Pune's most promising real estate corridors, driven by its evolving infrastructure and strong connectivity. This marks our second land acquisition in the micro-market, reflecting both the area's growing demand and our commitment to expanding in high-potential urban clusters across India. We aim to create a thoughtfully designed, future-ready development that delivers long-term value and enhances the quality of life for residents,' said Gaurav Pandey, MD and CEO, Godrej on June 16, Godrej Properties announced the acquisition of a 14-acre land parcel in Hoskote, East Bengaluru, where it plans to develop a premium residential project with 1.5 million square feet of saleable area and an estimated revenue potential of Rs 1,500 location—near Whitefield, ITPL, and the upcoming Aerospace Park — benefits from robust infrastructure upgrades and improved connectivity via of Godrej Properties closed 1% higher at Rs 2,429.95 on BSE on Monday.
Time of India
11-05-2025
- Business
- Time of India
Godrej Properties to launch housing projects worth Rs 40,000 cr in FY26, targets 20% growth in sales bookings
is set to launch residential projects worth Rs 40,000 crore in the financial year 2025-26 as part of its strategy to expand operations and boost its market share. The company aims to maintain its position as the top listed in terms of , according to Executive Chairperson Pirojsha Godrej. Tired of too many ads? go ad free now In an interview with PTI, Pirojsha said housing demand remains strong despite global economic uncertainties. The company recorded sales bookings of Rs 29,444 crore in FY25—its highest ever and the top among listed real estate firms. "So, overall, I am very happy with the company's performance in FY25, and I think, key is now to maintain this momentum in the current financial year," Pirojsha said. He added that the company will continue investing in land acquisition and project development to fuel growth and strengthen its market presence. "We raised Rs 6,000 crore in October last year through QIP (Qualified Institutional Placement). That Rs 6,000 crore plus Rs 7,500 crore operating cash flow creates a pretty good war chest to ensure further investments and maintain this kind of strong growth rate," he explained. For , the company has set a sales bookings guidance of Rs 32,500 crore. "We have guided for Rs 32,500 crore worth of sales booking value for this fiscal, which is 20 per cent higher than our guidance of last year and 10 per cent higher than the actuals we delivered. Hopefully, if market support again, we can outperform the guidance," Pirojsha said. "We have a good lineup of projects. We have guided for launches of 40,000 crore worth of projects. There is good visibility across the region," he added. In the previous fiscal year, Godrej Properties had initially targeted launching Rs 30,000 crore worth of projects but ended up launching Rs 36,600 crore worth. According to its investor presentation, the company launched 34 projects—including new developments and phases—covering 292 lakh square feet and representing estimated sales bookings of Rs 36,600 crore. Tired of too many ads? go ad free now Pirojsha noted that a major project in Worli, Mumbai, is expected to launch in the first half of FY26, and the company also aims to launch its high-value project in Ashok Vihar, Delhi, by March 2026. The combination of new launches and ongoing project sales is expected to help the company meet its FY26 sales target. Sales bookings during FY25 grew 31 per cent year-on-year, rising from Rs 22,527 crore in FY24 to Rs 29,444 crore. Pirojsha highlighted that these bookings were geographically well-distributed. He said, "It is a good sign that the company is not 'overly reliant on any one region and one or two projects'." The company's collections from customers also surged to Rs 17,047 crore in FY25 from Rs 11,436 crore the previous year, supporting strong operating cash flows. Godrej Properties' market share rose to 4.3 per cent during the last fiscal. According to PropEquity data cited in the company's investor presentation, the overall tier-I residential market was valued at Rs 6.9 lakh crore in FY25. With sales bookings of Rs 29,444 crore, the company captured a 4.3 per cent share. On the financial front, the company's consolidated net profit jumped 93 per cent to Rs 1,399.89 crore in FY25 from Rs 725.27 crore the previous year. Total income rose to Rs 6,967.05 crore from Rs 4,334.22 crore in FY24. The board has approved raising up to Rs 2,000 crore through non-convertible debentures, bonds, or other debt securities via private placement, in one or more tranches. Godrej Properties is one of India's leading real estate developers, with a strong presence in major markets like Delhi-NCR, Mumbai Metropolitan Region, Pune, Bengaluru, and Hyderabad, and some plotted developments in smaller cities.
Business Upturn
02-05-2025
- Business
- Business Upturn
Strong guidance by Godrej Properties: FY26 booking value target set at Rs 32,500 crore
By Aditya Bhagchandani Published on May 2, 2025, 12:43 IST Godrej Properties has raised the bar for FY26 with ambitious guidance targets across key operational and financial metrics after a record-breaking FY25. The company now expects its booking value to touch ₹32,500 crore in FY26, a 10.4% increase over FY25's actual performance of ₹29,444 crore. The FY26 guidance comes after Godrej Properties surpassed all its FY25 guidance metrics, clocking a 109% achievement on booking value and outperforming its delivery, launch, and collection targets. FY26 Guidance vs FY25 Actual: While the company is aiming higher in terms of bookings and collections, it has guided for lower deliveries at 10 million sq. ft., mainly due to preponed deliveries in FY25, which included 4.3 msf of commercial assets and 1.3 msf from FY26 pipeline. Godrej Properties Q4 Results: Revenue up 49% to Rs 2,121 crore, Net profit drops 19% YoY Analysts believe the bullish guidance on bookings and launches reflects management's confidence in project pipeline, market demand, and ongoing customer traction in Tier-1 cities. The 21,000 crore target for customer collections, up 23% YoY, signals a strong cash flow visibility. With an established track record of exceeding targets and maintaining a capital-light model, Godrej Properties' FY26 strategy remains focused on scale, efficiency, and market leadership across key urban hubs. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
