Godrej Properties says on track to achieve record ₹32,500 crore sales in FY26
Bengaluru: Godrej Properties Ltd (GPL) sold 8,753 houses and achieved this figure ₹15,587 crore in sales bookings in the first six months of FY26. This is approximately 48% ₹32,500 crore target for this year.
A senior official said the company is on track to achieve that guidance; If this milestone is achieved, it will be the highest annual sales ever by any Indian real estate developer.
Godrej Properties’ performance underscores the growing dominance of branded developers in the Indian housing market, driven by strong project launches and a focus on premium projects that deliver higher margins.
The Mumbai-based developer sold 4,522 homes in the July-September quarter. ₹8505 crore, up 64% year-on-year. This is the ninth consecutive quarter GPL has outperformed ₹.5000 crore sales, a first in real estate.
Despite the sharp increase in sales, GPL saw a 32% drop in revenue from operations. ₹740.38 crore in the second quarter compared to the same quarter in the previous year, due to lower deliveries. Revenue is recognized based on the project’s stages of completion.
Net profit increased by 20.7% ₹402.99 crore during the period. Earnings were announced on Thursday.
While GPL has delivered around 3 million sq ft in the April-September period, the developer has set an ambitious project delivery target of 10 million sq ft in FY26.
GPL has set the highest sales target for 2025-26 among India’s top four developers, including DLF Ltd, Prestige Estate Projects Ltd and Lodha Developers Ltd.
15,000 houses were sold last year ₹29,444 crore, the highest ever by an Indian real estate firm.
“Unlike many developers, we have a well-distributed portfolio with sales spread across multiple markets. Our quarterly sales bookings in the second quarter are higher than our annual bookings in FY22. I am happy that Hyderabad, which is a new market for us, has created 100+ markets. ₹1500 crore from the second project launched,” said chairman Pirojsha Godrej Mint.
The second half of the fiscal year is generally a stronger period for both sales and project launches. “This year we will reach our annual targets in sales, launch and even delivery,” he said.
GPL added four new projects with an estimated salable area of 5.82 million m² and an expected booking value of 5.82 million m². ₹4,850 crore in the quarter ended September. The company’s luxury project in Mumbai’s posh Worli area will be one of the most important launches this year.
There is strong scope for growth over the next few years through diversification of micro markets in the city, Godrej said in an analyst call on Thursday.
“We are entering smaller cities for planned developments that may also see group housing opportunities over time,” he told analysts.
Top four developers collectively aim for crossover, including GPL ₹1 trillion home sales in FY26, the strongest year ever for branded players.
While the overall real estate market is showing some signs of stalling, top developers continue to sell well.
Pankaj Kapoor, managing director of real estate research firm Liases Foras Research, said that the second half of FY26 will neither see a decline in sales nor a sharp growth in the industry. “But top developers have a huge pipeline of launches that will significantly increase home sales.”
