Godrej Properties Eyes Record Year, Aims to Surpass ₹32,500 Crore Pre-Sales Target in FY26

Real Estate

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Updated on 09 Nov 2025, 09:18 am

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Reviewed By

Aditi Singh | Whalesbook News Team

Short Description:

Godrej Properties anticipates its strongest year, targeting over Rs 32,500 crore in pre-sales for FY26, building on a robust first half where sales reached Rs 15,587 crore. Executive Chairperson Pirojsha Godrej cited sustained housing demand and a strong project pipeline, including a major upcoming project in Mumbai's Worli. Despite temporary collection slowdowns due to weather and clearances, the company is confident in meeting its full-year targets and collections, supported by a recent capital raise and strong financial performance, including a 21% profit jump in Q2 FY26.

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Godrej Properties Eyes Record Year, Aims to Surpass ₹32,500 Crore Pre-Sales Target in FY26

Stocks Mentioned:

Godrej Properties Limited

Detailed Coverage:

Godrej Properties is projected to have its best year, aiming to achieve or exceed its Rs 32,500 crore pre-sales target for FY26. This optimism is fueled by strong housing demand and an extensive pipeline of projects.

Performance: In the first half of FY26 (April-September), the company's pre-sales grew 13% year-on-year to Rs 15,587 crore, representing 48% of the annual guidance. This strong start, combined with typically higher sales in the second half, underpins their confidence.

Market Conditions: The Indian housing market remains resilient, with demand showing broad-based traction across major cities and price points, even amid rising interest rates and economic uncertainties. Godrej Properties achieved a significant milestone in Q2 FY26 by booking over Rs 1,500 crore in each of its four key markets: Delhi-NCR, MMR, Bengaluru, and Hyderabad.

Growth Drivers: A significant contributor to the second half's performance will be the launch of a large residential project in Worli, Mumbai, estimated to generate over Rs 10,000 crore in revenue.

Challenges & Collections: While overall sales are strong, customer collections saw a temporary dip due to monsoon-related construction delays and environmental clearance hurdles. The company has collected Rs 7,736 crore so far, 37% of its Rs 21,000 crore target, but expects a surge in deliveries in the January-March quarter to meet the year-end goal.

Financials: Godrej Properties reported a 21% year-on-year increase in consolidated net profit to Rs 403 crore for Q2 FY26. Total income rose to Rs 1,950 crore. The company also has ample financial flexibility for expansion, owing to Rs 6,000 crore raised via QIP last year and strong operating cash flows.

Market Position: As the top listed developer by pre-sales in FY25, Godrej Properties leverages premium launches, strategic land acquisitions, and its brand reputation to gain market share and is well-positioned for future growth.

Impact: This news is highly positive for Godrej Properties shareholders and the real estate sector. Strong pre-sales and profit growth indicate robust consumer confidence in the housing market and successful business execution. It could boost investor sentiment towards real estate stocks. Impact Rating: 7/10

Difficult Terms: - Pre-sales: The total value of property sales contracts signed by a real estate developer within a specific period, before the actual completion of the projects. - FY26: Fiscal Year 2026, which typically runs from April 1, 2025, to March 31, 2026, in India. - YoY: Year-on-Year, comparing a period with the same period in the previous year. - Fiscal: Refers to the financial year, typically April 1 to March 31 in India. - Q2 FY26: The second quarter of the Financial Year 2026. - QIP: Qualified Institutional Placement, a method for listed companies to raise capital by issuing shares or convertible securities to institutional investors. - Operating cash flows: The cash a company generates from its normal business operations.