New Delhi: Godrej Properties, one of India’s leading real estate developers, recorded its highest-ever quarterly sales bookings in the fourth quarter of the financial year 2024-25, registering a 7% year-on-year growth to reach ₹10,163 crore. This milestone reinforces the company’s robust market performance amid strong demand for quality residential housing across key urban markets.
According to the company’s latest regulatory filing, this performance was driven by the sale of 3,703 housing units spanning a total developable area of 7.52 million square feet, reflecting growing consumer preference for the brand’s projects in the residential segment.
FY25 Sales Surge 31%, Reaches ₹29,444 Crore
For the full financial year ending March 2025, Godrej Properties clocked ₹29,444 crore in total sales bookings, a 31% increase over FY24, making it the highest-ever full-year booking value achieved by any real estate developer in India to date. The company sold 15,302 units during the year, accounting for a cumulative area of 25.73 million square feet, translating into a 29% year-on-year growth in volume.
This performance cements Godrej Properties’ position as a frontrunner among India’s listed developers. Based on booking value, the company appears poised to finish the fiscal year as the top-performing listed real estate firm, surpassing its peers in volume and sales, though DLF continues to lead in terms of market capitalization.
Consistent High-Value Quarters Drive Momentum
The company’s fourth-quarter success also marked the seventh consecutive quarter in which it has surpassed the ₹5,000 crore mark in booking value—a sign of sustained momentum and strategic delivery.
In a statement, Gaurav Pandey, Managing Director and Chief Executive Officer of Godrej Properties, highlighted the transformation of the company’s scale:
“We have completely reset the scale of operations. For the second consecutive year, Godrej Properties is the largest real estate developer in India by booking value. FY25 was a landmark year, and we are confident about the trajectory going forward.”
Strong Capital Position to Fuel Expansion
The company’s robust growth outlook is underpinned by a healthy financial position, bolstered by a Qualified Institutional Placement (QIP) of ₹6,000 crore completed in December 2024. In addition to this equity capital, record operating cash flows during FY25 have strengthened the developer’s liquidity and capacity for future investments.
Pandey emphasized that the firm would leverage this strong capital base to expand aggressively across key housing markets, deepen its pipeline, and invest in premium locations, all while ensuring project delivery and customer satisfaction remain core priorities.
Expanding Geographic Footprint Across India
Godrej Properties has built a solid presence in India’s leading residential markets. These include:
- Delhi-NCR
- Mumbai Metropolitan Region (MMR)
- Pune
- Bengaluru
The company has also forayed into the Hyderabad housing market, reflecting its intent to diversify geographically and tap into emerging urban corridors experiencing housing demand growth.
With urban India witnessing a rebound in demand for new housing units, driven by a combination of low interest rates, stable pricing, and a renewed consumer focus on home ownership post-pandemic, Godrej Properties appears well-positioned to consolidate its leadership.
Changing Preferences Drive Demand Surge
The company’s performance is a mirror of broader trends in India’s urban housing market. Over the past year, residential real estate has seen a revival across metro cities, supported by factors such as:
- Increased affordability due to higher disposable incomes
- Urban migration and nuclear family preferences
- Growing aspiration for lifestyle housing with amenities
- Structural demand in mid-income and premium housing segments
Godrej’s projects—characterized by timely delivery, strong design, and a focus on community infrastructure—have resonated with buyers seeking both first homes and investment properties.
Industry Outlook: Consolidation and Branded Housing Gain Traction
Industry analysts point out that the residential real estate market in India is entering a phase of consolidation, with larger, branded players gaining market share at the expense of smaller and fragmented developers. The sector has seen a shift in consumer confidence towards developers with a proven track record and institutional backing.
This trend has benefitted Godrej Properties, as homebuyers prefer developers with strong delivery credentials, especially in larger cities where land is scarce and regulations complex.
Key Performance Indicators FY25 vs FY24
| Metric | FY25 | FY24 | Growth |
|---|---|---|---|
| Sales Bookings | ₹29,444 Cr | ₹22,467 Cr | 31% ↑ |
| Homes Sold | 15,302 units | 11,863 units | 29% ↑ |
| Area Sold | 25.73 million sq ft | 19.95 million sq ft | 29% ↑ |
| Q4 Sales Bookings | ₹10,163 Cr | ₹9,489 Cr | 7% ↑ |
| Q4 Units Sold | 3,703 | 3,421 | 8% ↑ |
This record-setting performance has added further credibility to Godrej’s business strategy of capital-efficient growth, project delivery, and consumer-centric product design.
Looking Ahead: Focus on Project Pipeline and Customer Trust
Going forward, the company plans to accelerate its launch pipeline, with a focus on premium and mid-income residential developments, tapping into rising demand across urban India. New launches across Hyderabad, Noida, and Thane are expected in the upcoming quarters.
Godrej Properties has also indicated its intention to explore land acquisitions and joint ventures, building on the liquidity cushion it currently enjoys. Analysts expect this proactive approach to help the company sustain high booking values and drive long-term growth.
As market conditions evolve, the developer’s emphasis on quality construction, sustainability, and customer transparency will remain central to maintaining brand leadership.
Godrej Properties’ performance in FY25 reflects the strength of its execution, market positioning, and consumer trust. With record quarterly and annual sales, a solid capital base, and a broadening geographic presence, the company has firmly positioned itself as a growth leader in India’s real estate sector.
Amid a transforming housing landscape, marked by rising aspirations, formalization, and brand preference, Godrej Properties is poised to shape the next chapter of urban development in India.
