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FY25 will be remembered as a watershed year for Godrej Properties Limited (GPL), which shattered industry records with its highest-ever annual and quarterly bookings. The company reported a booking value of ₹29,444 crore-a 31% year-on-year surge-through the sale of 15,302 homes, covering a record 25.73 million sq. ft. of space. This achievement marks the largest booking value and area sold by any Indian real estate developer in a single financial year to date.
The company’s performance not only exceeded its own guidance (109% of the annual target) but also set a new benchmark for the sector. Since FY20, GPL has accumulated an unmatched ₹84,704 crore in bookings, with ₹64,203 crore coming in just the last two years. FY25 also marks the eighth consecutive year of booking value growth for Godrej Properties, a feat unmatched by any other major Indian developer.
One of the most remarkable aspects of GPL’s performance is the broad distribution of its sales. Only 36% of the booking value came from its largest market, while 27% came from its home market and just 13% from the single largest project. The National Capital Region (NCR), Mumbai Metropolitan Region (MMR), and Bengaluru contributed ₹10,523 crore, ₹8,034 crore, and ₹5,089 crore respectively in FY25.
The surge in bookings was powered by robust demand for new launches, including standout projects like Godrej Riverine in Noida (₹2,206 crore in bookings), Godrej Astra in Gurugram (₹1,323 crore), and Godrej Madison Avenue in Hyderabad (₹1,081 crore). Twelve new projects and phases were introduced in Q4 FY25 alone, reflecting GPL’s aggressive expansion strategy.
Godrej Properties also set new industry records for collections and operating cash flow (OCF). Q4 FY25 residential sale collections soared to ₹6,961 crore, up 48% year-on-year and 127% sequentially, while full-year collections reached ₹17,047 crore-a 49% increase over FY24. Operating cash flow for the year stood at ₹7,484 crore, up 73% year-on-year, with Q4 OCF alone at ₹4,047 crore, a 559% quarterly jump.[4]
FY25 was also marked by significant recognition and strategic financial moves. GPL raised ₹6,000 crore in growth capital through India’s largest-ever QIP by a real estate company, was included in the S&P Global Sustainability Yearbook, and received 117 awards during the year, including 32 awards in Q4 alone. Promoters increased their stake in the company, signaling strong confidence in GPL’s future trajectory.
With a robust launch pipeline, a strong balance sheet, and sectoral tailwinds, Godrej Properties is targeting bookings of over ₹32,500 crore in FY26-a 10% increase over the record-breaking FY25. The company plans to launch projects worth ₹40,000 crore across Mumbai, NCR, Pune, and Bangalore, aiming to maintain its industry leadership and growth momentum.
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