Godrej Properties

Godrej Properties is preparing a fresh round of project launches for the second half of FY27, pegged at ₹32,000 crore, as the company looks to ride on robust housing demand and grow its footprint further.

This figure is roughly double the ₹16,000 crore worth of projects the developer had already introduced between April and September this fiscal year.

Chairperson Pirojsha Godrej told PTI in an interview that the firm remains confident of hitting or surpassing its full-year targets across several metrics — bookings, customer collections, new launches, land purchases and project handovers.

He described the upcoming launch lineup as particularly robust across key markets such as Mumbai Metropolitan Region, Delhi-NCR, Pune, Bengaluru and Hyderabad.

For context, Godrej Properties had introduced ₹42,200 crore worth of projects in FY26, and is aiming for ₹48,000 crore in launches this fiscal. On the sales side, bookings are projected to climb 22 per cent to a record ₹41,500 crore this year, after the company had notched ₹34,171 crore in FY26 against a ₹39,000 crore target. In the first half of FY27, bookings reached ₹16,659 crore, up 7 per cent from ₹15,587 crore a year earlier.

The company has set a collections goal of ₹24,000 crore for the year and has already brought in ₹9,666 crore in the first six months. On construction delivery, Pirojsha said the company expects to reach its 13.5 million sq ft target for the year despite completing only 3.4 million sq ft so far.

Godrej Properties has held its position as India's top listed real estate company by sales bookings in recent years, and this fresh wave of launches signals its intent to retain that ranking through FY27.

Pirojsha said demand has stayed firm across the company's projects even amid broader global economic and political uncertainty, with no signs of weak buyer interest in any of its developments.

The push comes even as profitability has slipped — net profit for the September quarter fell 62 per cent to ₹154.15 crore from ₹405.08 crore a year earlier, as expenses rose sharply to ₹2,476.74 crore from ₹1,300.98 crore, even though total income grew to ₹2,571.73 crore from ₹1,950.05 crore.

Over the coming months, the company plans to roll out the ₹32,000 crore pipeline of new homes across its core city markets, while working toward its annual targets for sales, collections and project completions.

Godrej Properties has delivered more than 80 million sq ft of projects since 2018, and continues to expand its presence in group housing as well as plotted developments in smaller tier II and III cities.