Godrej Properties expands land bank across India, taps Rs 26,500 crore potential through 14 land parcels
NEW DELHI: Godrej Properties, one of India’s prominent real estate developers, acquired 14 land parcels across major cities during the 2024–25 fiscal year, with a total development potential of approximately Rs 26,500 crore.These acquisitions span key urban markets, including the Mumbai Metropolitan Region (MMR), Pune, Delhi-NCR, Bengaluru, Kolkata, Ahmedabad, and Indore, according to the company’s chairperson, Pirojsha Godrej.In an interview with PTI, Godrej said, “Last financial year, we added about Rs 26,500 crore worth of new projects, as against the guidance of Rs 20,000 crore. This fiscal, we are again giving guidance of Rs 20,000 crore. Quite likely, we will exceed this by a good margin.”Godrej Properties is actively expanding its land bank through outright purchases and strategic partnerships with landowners, a growing trend among developers seeking scale and long-term value creation.The company’s investor presentation outlines the specific acquisitions: three land parcels in Gurugram, two each in Greater Noida, MMR, Bengaluru, and Indore, and one each in Pune, Ahmedabad, and Kolkata. Notably, five land acquisitions in the Delhi-NCR region – three in Gurugram and two in Greater Noida – collectively hold a revenue potential of around Rs 14,000 crore, underlining the company’s bullish outlook on this high-growth market.“So overall, I am very happy with the company’s performance in 2024–25, and I think the key now is to maintain this momentum in the current financial year,” Godrej added.Riding on strong market sentiment and operational execution, Godrej Properties plans to launch new housing projects worth Rs 40,000 crore in the current fiscal year. This comes on the back of exceeding last year’s launch target of Rs 30,000 crore with actual launches totaling Rs 36,600 crore.For the 2025–26 fiscal, the company has set a sales bookings target of Rs 32,500 crore, a 20 per cent increase over last year’s guidance and 10 per cent higher than the Rs 29,444 crore achieved in 2024–25. This marks a 31 per cent growth over Rs 22,527 crore booked in the previous year.On the financial front, Godrej Properties reported a consolidated net profit of Rs 1,399.89 crore for FY 2024–25, a sharp rise of 93 per cent from Rs 725.27 crore in the preceding year. Total income also surged to Rs 6,967.05 crore, up from Rs 4,334.22 crore in 2023–24.
