Godrej Properties records highest-ever Q4, full-year bookings in FY25

At bookings worth Rs 10,163 crore, the company saw a 7% rise year-on-year in the fourth quarter. Booking for the whole FY25 were worth Rs 29,444 crore, up 31%

Godrej Properties Limited (GPL) recorded bookings worth Rs 10,163 crore in the fourth quarter of the financial year 2024-25 (Q4FY25) and Rs 29,444 crore in the whole FY25, marking a 7 per cent and 31 per cent rise year-on-year (Y-o-Y), respectively- the highest-ever quarterly and full-year bookings.

 

For Q4FY25, the bookings value grew 87 per cent quarter-on-quarter (Q-o-Q). The company's quarterly bookings crossed Rs 10,000 crore for the first time. 

 

The company sold 3,703 homes with a total area of 7.52 million square feet (msf) in Q4FY25. This is also the seventh consecutive quarter in which GPL has achieved bookings of more than Rs 5,000 crore.

 

 

The company surpassed its annual bookings guidance of Rs 27,000 crore. It sold 15,302 homes with a total area of 25.73 msf across the year, a volume growth of 29 per cent Y-o-Y. This is the highest-ever full-year booking value and volume announced by any real estate developer in India to date, according to the company statement.

 

Sales in Q4, a seasonally strong quarter, were driven by strong demand in several key new project launches, including Godrej Riverine in Noida, which achieved a booking value of over Rs 2,000 crore; Godrej Astra in Gurugram, which achieved a booking value of over Rs 1,000 crore; and Godrej Madison Avenue in Hyderabad, which achieved a booking value of over Rs 1,000 crore.

 

The national capital region (NCR), the Mumbai metropolitan region (MMR), and Bengaluru contributed more than Rs 10,500 crore, Rs 8,000 crore and Rs 5,000 crore, respectively, to the booking value in FY25.

 

“Our sales bookings over the last three years have compounded at an annual growth rate of 55 per cent. Through this, GPL has completely reset the scale of its operations and, for the second consecutive year, is the largest real estate developer in India by booking value,” Gaurav Pandey, managing director and chief executive officer, Godrej Properties, said.

 

According to Pandey, the company added business developments with a future booking value of Rs 26,450 crore in FY25. “Furthermore, the equity capital of Rs 6,000 crore we raised through a qualified institutional placement in December 2024, combined with the record operating cash flow we generated in FY25, will enable us to continue to invest for growth,” he added.