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Godrej Properties Ltd will generate more than Rs 20,000 crore of operating cash flow during the current and next fiscal, enabling the company to continue investing in business expansion, its executive Chairperson Pirojsha Godrej said. In an interview with PTI, Pirojsha highlighted that the company's operational performance was quite strong in the June quarter with sales bookings rising 22 per cent to Rs 8,651 crore. He noted that consistent sales growth is creating high visibility for both cash flows and earnings. "Actually, this was the sixth consecutive quarter where we had over Rs 7,000 crore of sales booking values". Pirojsha exuded confidence that the company is on track to meet or exceed guidance across all parameters -- sales bookings, launches, collections from customers and land acquisition. The company is also on track to achieve the guidance of 20 per cent ROE (return on equity) for the next financial year. "In addition, we think the operating cash flow of the company,
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 ...