Godrej Properties Expands Land Bank Across India Company Seeks New Opportunities in Various Sectors
Godrej Properties, a leading player in India’s real estate sector, has made significant strides in its expansion efforts by acquiring 14 land parcels across major urban centers during the 2024-25 fiscal year. These acquisitions, which have a total development potential valued at approximately Rs 26,500 crore, span key markets including the Mumbai Metropolitan Region, Pune, Delhi-NCR, Bengaluru, Kolkata, Ahmedabad, and Indore. Pirojsha Godrej, the company’s chairperson, expressed optimism about the company’s growth trajectory and its plans for the current fiscal year.
Strategic Acquisitions Across Major Cities
Godrej Properties has strategically acquired land parcels in several prominent cities, enhancing its portfolio and development potential. The company secured three parcels in Gurugram, two each in Greater Noida, the Mumbai Metropolitan Region, Bengaluru, and Indore, along with one each in Pune, Ahmedabad, and Kolkata. Notably, the acquisitions in the Delhi-NCR region, particularly in Gurugram and Greater Noida, are expected to generate substantial revenue, estimated at around Rs 14,000 crore. This bullish outlook reflects the company’s confidence in the high-growth potential of these urban markets.
Pirojsha Godrej highlighted that the company had exceeded its previous guidance of Rs 20,000 crore in new projects last fiscal year, achieving approximately Rs 26,500 crore. For the current fiscal year, the company aims to maintain this momentum with a similar guidance of Rs 20,000 crore, indicating a strong commitment to growth and expansion.
Plans for New Housing Projects
In addition to its land acquisitions, Godrej Properties is gearing up to launch new housing projects worth Rs 40,000 crore in the current fiscal year. This ambitious plan follows the company’s successful launch of projects totaling Rs 36,600 crore last year, surpassing its target of Rs 30,000 crore. The strong market sentiment and effective operational execution have positioned Godrej Properties favorably for continued success in the real estate sector.
The company’s proactive approach to expanding its land bank through outright purchases and partnerships with landowners is a growing trend among developers. This strategy not only enhances their scale but also contributes to long-term value creation, ensuring that Godrej Properties remains competitive in the dynamic real estate market.
Financial Performance and Future Targets
Godrej Properties has reported impressive financial results for the fiscal year 2024-25, with a consolidated net profit of Rs 1,399.89 crore, marking a remarkable 93 percent increase from the previous year’s profit of Rs 725.27 crore. The total income also saw a significant rise, reaching Rs 6,967.05 crore compared to Rs 4,334.22 crore in 2023-24. This robust financial performance underscores the company’s effective management and strategic initiatives.
Looking ahead, Godrej Properties has set an ambitious sales bookings target of Rs 32,500 crore for the 2025-26 fiscal year, representing a 20 percent increase over last year’s guidance. This target is also 10 percent higher than the Rs 29,444 crore achieved in 2024-25, showcasing the company’s commitment to growth and its confidence in the ongoing demand for real estate in India.
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