Godrej Properties acquires land in Gurugram, Kolkata; locks in ₹6,150 crore residential project pipeline
BENGALURU: India’s top-selling developer Godrej Properties Ltd (GPL) on Wednesday announced the acquisition of two plots for residential development in Kolkata and Gurugram. ₹6,150 crore.
The 5-acre Kolkata site, located off EM Bypass, is being developed by West Bengal Housing Infrastructure Development Corp. Ltd. It was purchased through an e-auction conducted by . The first-class housing project planned on the site is expected to generate income. ₹1,650 crore revenue.
The second acquisition is an 11.36 acre plot located in Gurugram’s Sector 63A and has been outright acquired for a premium residential development in excess of its estimated income potential. ₹4,500 crore. The project will feature a mix of low-rise and high-rise premium residences.
“…We have now added ₹40,000 crore future sales potential through portfolio additions in 2025-26. This represents us achieving 2x our business development guidance for the full financial year, making it our best year ever for business development in terms of future booked value locked,” said Gaurav Pandey, managing director and chief executive officer, Godrej Properties.
GPL is aggressively expanding its pipeline. In the October-December quarter, it launched three new projects with a total salable area of 7.30 million sq m and an expected booking value of 200 million sq m. ₹8,400 crore.
Mumbai-based Godrej Properties has already recorded the following sales bookings: ₹24,008 crore in the first nine months of 2025-26, around 74% of the full-year target. ₹32,500 crore. If this happens, it will be the highest annual sales of any Indian real estate developer.
The company’s performance highlights the growing dominance of branded developers in the housing market, thanks to a strong sales pipeline and focus on premium projects that deliver higher margins.
In the October-December quarter, GPL’s profits increased by 22.7% year-on-year. ₹194 crore. However, revenue from operations fell 48.5%. ₹498.36 crore during the period due to lower project completions and deliveries.
In a recent interview MintGPL chairman Pirojsha Godrej said the company was on track to meet its full-year sales target. “GPL has doubled its market share from 2.4% to 4.8% in 2025, but we still have a big gap for growth.”
Shares of Gpdrej Properties fell 3.6 percent ₹1,670.40 per capita on the BSE on Wednesday amid a 1.8% decline in the Sensex.
