Godrej Properties, India’s big real estate builder profit, rose to a 152% profit increase. They achieved 71% of the sales goal for 2024 to 2025. They are now planning a lot of launches in major cities of India. They aim to enhance their market share in the residential real estate sector among strong housing demand.
They have got ₹27,000 Crores on the back of strong housing demand and sales. In FY24, the company had ₹22,500 Crores of sales bookings, which made them the highest-selling developer. The company is looking at profitable growth and building scale through high market share.
Already, they clocked pre-sales of Rs 19,281 Crores in the first nine months of this fiscal against Rs 13,008 Crores in the year-ago period. The net profit jumped to Rs 1,017.90 Crores in April to December 2024-25 from Rs 254.01 Crores in the year-ago period. The total income rose to Rs 4,285.99 Crores from Rs 2,419.40 Crores.
They will meet the sales guidance in the 4th quarter, which is the strongest quarter in real estate. They are having a number of launches that are coming up in multiple cities, including Noida, Pune, Hyderabad, and Gurugram. 2 luxury projects in Mumbai will be launched soon.
The company signed a lot of new projects with a booking value potential of Rs 11,000 Crores during the third quarter of this fiscal. The growth already crossed Rs 23,000 Crores from April to December. The company might reach Rs 30,000 Crores mark in new business for the current fiscal.
Godrej Properties informed that they have added 12 projects with a saleable area of 169 lakh sq ft. The company raised ₹6,000 Crores by selling shares to institutional investors, including Blackrock, Singapore sovereign wealth firm GIC, and SBI Pension. It looks to expand business among the strong demand for residential plots and flats. They will launch new projects and have a strong presence across the cities to gain market share.
Godrej Properties Prelaunch Project is Godrej MSR City
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