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Godrej Buys Land Worth Rs 26.5 Bn for Housing Projects

2025-05-23

Godrej Properties acquired 14 land parcels across major Indian cities in the last financial year, aiming to develop residential projects with a total revenue potential of Rs 265 billion. Chairperson Pirojsha Godrej confirmed the company will continue to actively pursue land acquisitions to fuel its growth.

The acquisitions, all outright purchases, were made in the Mumbai Metropolitan Region (MMR), Pune, Delhi-NCR, Bengaluru, Kolkata, Ahmedabad, and Indore. Of these, five plots were secured in Gurugram and Greater Noida alone, which are expected to generate Rs 140 billion in revenue.

“In FY 2024–25, we added Rs 265 billion worth of projects, surpassing our guidance of Rs 200 billion. For this year, we’ve again guided for Rs 200 billion, and I expect we’ll exceed that comfortably,” said Pirojsha Godrej in an interview with PTI.

The company plans to launch housing projects worth Rs 400 billion in the current fiscal year, up from Rs 366 billion worth of launches in the previous year, against earlier guidance of Rs 300 billion.

For FY 2025–26, Godrej Properties has set a pre-sales target of Rs 325 billion—20 per cent higher than last year’s guidance and 10 per cent above its actual sales performance. In FY 2024–25, sales bookings rose 31 per cent to a record Rs 294.44 billion from Rs 225.27 billion the year before.

On the financial front, consolidated net profit surged 93 per cent to Rs 13.99 billion in FY 2024–25, compared to Rs 7.25 billion the previous year. Total income also grew significantly, reaching Rs 69.67 billion, up from Rs 43.34 billion.

Godrej Properties continues to focus on large housing projects in Delhi-NCR, MMR, Pune, Bengaluru, and Hyderabad, while also expanding into smaller cities through plotted developments.