Godrej Properties Targets 14% Increase in Pre-Sales for FY27 Amid Strong Demand
Godrej Properties hopes for strong performance in FY27, aims 14% rise in pre-sales: Pirojsha
The Economic TimesImage: The Economic Times
Godrej Properties aims for a 14% increase in pre-sales to ₹39,000 crore ($4.7 billion USD) for the fiscal year 2026-27, driven by strong consumer demand. Despite global uncertainties, the company remains optimistic about achieving its targets, with a focus on consolidating demand among major players in the Indian real estate market.
- 01Godrej Properties targets ₹39,000 crore in pre-sales for FY27, up from ₹34,171 crore in FY26.
- 02The company has seen a fivefold increase in annual sales bookings since FY21.
- 03Pirojsha Godrej expressed confidence in meeting targets despite global uncertainties.
- 04Targeting ₹24,000 crore in customer collections this fiscal year.
- 05The company acquired 18 land parcels in FY26 with a revenue potential of ₹42,100 crore.
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Godrej Properties, a leading real estate developer in India, is targeting a 14% increase in pre-sales for the fiscal year 2026-27, aiming for ₹39,000 crore ($4.7 billion USD) compared to ₹34,171 crore in the previous year. Executive chairperson Pirojsha Godrej highlighted the company's strong performance over the past four years and expressed optimism about achieving its goals despite potential global challenges, particularly due to conflicts in West Asia. He noted that the Indian real estate market is consolidating demand towards established brands, a trend that is expected to continue. The company aims to collect ₹24,000 crore from customers this fiscal year, up from ₹19,965 crore in FY26. Godrej Properties also plans to acquire projects that can generate ₹20,000 crore in revenue, having successfully acquired 18 land parcels in FY26 with a combined revenue potential of ₹42,100 crore. The company's net profit rose to ₹1,850.20 crore in FY26, reflecting its solid growth trajectory.
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The anticipated growth in pre-sales indicates a positive outlook for homebuyers and the real estate market, potentially leading to more housing options and competitive pricing.
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