Godrej Properties aims for continued growth

Pirojsha Godrej said the firm is expecting another promising financial year, banking on the positive consumer views.

Godrej Properties Ltd Executive Chairman, Pirojsha Godrej, is buoyed by the company’s stellar performance in the last fiscal year, with record sales bookings reaching Rs 22,500 crore. 

Encouraged by robust housing demand, the company now sets its sights on achieving even higher pre-sales numbers of Rs 25,000 crore in 2024-25.

Impressive Performance and Surpassing Competitors

The surge in sales bookings, attributed to the launch of premium housing projects and strong consumer demand, marks an 84 per cent increase from the previous fiscal year. 

Godrej Properties has outpaced Bengaluru-based Prestige Group, emerging as a frontrunner in the real estate sector with pre-sales of Rs 21,040 crore during 2023-24.

Optimistic Outlook

In an interview with PTI, Pirojsha expressed optimism about the company’s prospects in the upcoming financial year, citing a robust launch pipeline and positive consumer sentiments. He anticipates another strong fiscal year if the market sustains its current momentum.

Setting Ambitious Targets

Despite achieving remarkable sales figures, Godrej Properties aims for continued growth. Pirojsha Godrej envisions surpassing the high base set in the previous fiscal year, targeting Rs 25,000 crore in sales bookings for 2024-25. 

The company plans to provide detailed sales booking guidance alongside the announcement of its annual financial results for 2023-24.

Expansive Presence and Future Ventures

Headquartered in Mumbai and part of the renowned Godrej Group, Godrej Properties holds a significant presence in key Indian markets such as Delhi-NCR, Mumbai Metropolitan Region (MMR), Pune, and Bengaluru. 

Additionally, the company ventured into Hyderabad in the previous fiscal year through the acquisition of two land parcels, further expanding its footprint in the real estate sector.