Godrej Properties on Tuesday announced that it sold 15,302 residential units worth Rs 29,444 crore in FY25—the highest-ever residential sales reported by a real estate company in India.
In comparison, the company had clocked Rs 22,500 crore in sales in FY24. With this performance, Godrej Properties (GPL) surpassed its FY25 guidance of Rs 27,000 crore, achieving 109% of the annual target.
The company reported a 31% year-on-year growth in booking value and a 29% y-o-y increase in volume.
“This is the highest ever full-year booking value and volume announced by any real estate developer in India to date,” the company said.
In Q4 FY25, Godrej Properties posted a record quarterly booking value of Rs 10,163 crore, marking a 7% YoY increase and an 87% jump over the previous quarter. The company also noted that this was the first time its quarterly bookings had crossed the Rs 10,000 crore mark.
The company said the bookings were achieved through the sale of 3,703 homes with a total area of 7.52 million sq ft.
Peer developer Macrotech Developers (Lodha) on Monday reported its best-ever quarterly pre-sales of Rs 4,810 crore, reflecting 14% y-o-y growth. For the full year FY25, it posted pre-sales of Rs 17,630 crore, up 21% y-o-y —surpassing its own annual guidance.
Godrej Properties attributed its Q4 performance to strong demand from key new project launches. These included projects in Noida, which alone contributed over Rs 2,000 crore in booking value; Gurugram and Hyderabad followed with more than Rs 1,000 crore each.
For the full year, the National Capital Region (NCR), Mumbai Metropolitan Region (MMR), and Bengaluru contributed more than Rs 10,500 crore, Rs 8,000 crore, and Rs 5,000 crore respectively to GPL’s total booking value.
“Our sales bookings over the last 3 years have compounded at an annual growth rate of 55%. 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,” said Gaurav Pandey, MD & CEO of Godrej Properties.
He added that business development additions in FY25—with a future booking potential of Rs 26,450 crore—will ensure a robust launch pipeline in the coming years. “Furthermore, the equity capital of Rs 6,000 crore we raised through a QIP in December 2024, combined with the record operating cash flow we generated in FY25, will enable us to continue to invest for growth,” Pandey said.