WebinarsNew
Deep DiveNew
Explore Business Standard
Realty firm Godrej Properties on Tuesday reported a 42 per cent decline in consolidated net profit to Rs 349.38 crore for the quarter ended June on lower income. Its net profit stood at Rs 598.40 crore in the year-ago period. Total income also fell to Rs 1,345.04 crore in the first quarter of this fiscal from Rs 1,620.34 crore in the corresponding period of the preceding year, according to a regulatory filing. On the operational front, Godrej Properties reported a 22 per cent increase in sales bookings to Rs 8,651 crore for the April-June quarter of 2026-27 fiscal. The company sold 3,738 units with a total area of 6.2 million sq ft during the June quarter. This is the 6th consecutive quarter in which booking value has exceeded Rs 7,000 crore. Pirojsha Godrej, Executive Chairperson of Godrej Properties, highlighted that the company has delivered another solid quarter for bookings, collections, business development and earnings. "We expect the sales momentum to continue for the re
Realty firm Godrej Properties on Tuesday reported a 42 per cent decline in consolidated net profit to Rs 349.38 crore for the quarter ended June on lower income. Its net profit stood at Rs 598.40 crore in the year-ago period. Total income also fell to Rs 1,345.04 crore in the first quarter of this fiscal from Rs 1,620.34 crore in the corresponding period of the preceding year, according to a regulatory filing. On the operational front, Godrej Properties reported a 22 per cent increase in sales bookings to Rs 8,651 crore for the April-June quarter of 2026-27 fiscal. The company sold 3,738 units with a total area of 6.2 million sq ft during the June quarter. This is the 6th consecutive quarter in which booking value has exceeded Rs 7,000 crore. Pirojsha Godrej, Executive Chairperson of Godrej Properties, highlighted that the company has delivered another solid quarter for bookings, collections, business development and earnings. "We expect the sales momentum to continue for the re
India's 28 big listed real estate companies sold properties worth Rs 1.95 lakh crore last fiscal on strong housing demand with Godrej Properties clocking the highest sales bookings. According to the data compiled from investor presentations, the total combined sales bookings or pre-sales of the 28 major listed realtors stood at nearly Rs 1.95 lakh crore during 2025-26 financial year, up 17 per cent from over Rs 1.66 lakh crore in the preceding fiscal. Godrej Properties, which has a presence across major cities, retained the position of largest listed realty firm in terms of sales bookings in FY26. Bengaluru-based Prestige Estates Projects Ltd jumped to second position, followed by Mumbai-based Lodha Developers Ltd. DLF Ltd, India's largest realty firm in terms of market cap, stood at fourth position while Signature Global Ltd remained at fifth position. Among these 28 players, only six players witnessed a drop in sales bookings during the 2025-26 fiscal. According to property ...
Godrej Properties Ltd on Monday said it has acquired 23.2 acre land in Greater Noida via auction to develop a housing project with a revenue potential of more than Rs 7000 crore. In a regulatory filing, the company informed that it has "won the bid for a 23.2 acres (93,905 square metre) residential land parcel in DMIC integrated township, Greater Noida, through an e-auction". The auction was conducted by DMIC Integrated Industrial Township Greater Noida Ltd. Godrej Properties will develop a group housing project on the land parcel, "which is expected to offer an estimated revenue potential of over Rs 7,000 crore". Gaurav Pandey, MD and CEO, Godrej Properties, said, "We have witnessed consistent demand for our existing projects in Noida, and we remain bullish on this market. This will further strengthen our development portfolio in NCR (National Capital Region) and fits well with our strategy of deepening our presence in key micro markets across India's leading cities". Godrej ...
Godrej Properties is expecting to maintain its growth trajectory on strong consumer demand for homes and has set a target to achieve a 14 per cent increase in pre-sales this fiscal to Rs 39,000 crore, its executive chairperson Pirojsha Godrej said. In an interview with PTI, he highlighted that the company has performed very well during the last four years on key financial and operational metrics and said the company sees "no hindrance" in meeting the growth target for the current fiscal despite global uncertainties. However, Pirojsha said the company would remain "watchful" and "careful" to uncertainties caused by West Asia conflict for making any adjustment in its business plan. "We are feeling pretty good about the year ahead. Of course, we have to be a little bit careful with what happens globally. But, overall, feeling pretty good about where things stand at the moment. Demand continues to be quite strong," he said. Pirojsha noted that the Indian real estate market is witnessin