Godrej Properties Achieves Unprecedented Sales Milestone in FY25

In a remarkable achievement, Godrej Properties has reported record-breaking residential sales for the fiscal year 2025, selling 15,302 homes valued at an astonishing ₹29,444 crore. This not only marks the highest sales ever recorded by a real estate firm in India but also showcases the company’s impressive growth trajectory. This significant leap from ₹22,500 crore in FY24 highlights Godrej’s robust market presence, exceeding its sales target by an impressive 109%.

Record-Breaking Sales Performance

The real estate sector is buzzing with excitement as Godrej Properties disclosed a 31% year-on-year increase in booking value, alongside a 29% rise in sales volume. The company stated, “This is the highest full-year booking value and volume ever reported by any real estate developer in India.”

Key highlights from their performance include:

• Q4 FY25 Sales: A remarkable quarterly booking value of ₹10,163 crore, reflecting a 7% increase year-on-year and an astounding 87% surge from the previous quarter.
• First Quarter Above ₹10,000 Crore: This quarter marked the first time Godrej Properties surpassed the ₹10,000 crore benchmark for quarterly bookings.
• Project Contributions: The sales were driven by 3,703 homes, amounting to 7.52 million square feet of residential space.

Strong Demand from Key Markets

Godrej Properties attributed its stellar Q4 performance to robust demand from several new project launches, particularly in high-demand regions:

• Noida: Contributed over ₹2,000 crore in booking value.
• Gurugram and Hyderabad: Each contributed more than ₹1,000 crore.

For the entire fiscal year, the contributions from major regions were impressive:

• National Capital Region (NCR): Over ₹10,500 crore.
• Mumbai Metropolitan Region (MMR): Approximately ₹8,000 crore.
• Bengaluru: Around ₹5,000 crore.

Leadership in the Real Estate Market

Gaurav Pandey, the Managing Director and CEO of Godrej Properties, noted that their sales bookings have experienced a compound annual growth rate of 55% over the last three years. This consistent growth has solidified Godrej Properties’ position as the largest real estate developer in India by booking value for two consecutive years.

Pandey emphasized that the company’s business development efforts in FY25, which hold a future booking potential of ₹26,450 crore, will ensure a strong launch pipeline moving forward. He also highlighted the ₹6,000 crore raised through a Qualified Institutional Placement (QIP) in December 2024, combined with robust cash flow generated in FY25, will facilitate continued growth and investment.

Conclusion

Godrej Properties’ exceptional sales figures not only reflect the company’s strategic planning and execution but also signify a thriving real estate market in India. As they continue to innovate and expand, the future looks promising for this leading developer. With a solid foundation and a dynamic approach to market demands, Godrej Properties is poised for sustained success in the years to come.

For further insights on the real estate market, you might explore trends in residential sales and how other companies like Macrotech Developers are performing in a competitive landscape.