Godrej Properties, one of India's largest residential developers, announced a remarkable 70% increase in net profit for the fourth quarter ending March 31, reaching ₹6.5 billion ($68.46 million), up from ₹3.82 billion in the same period last year. The company's revenue from operations also saw a significant rise of 63%, totaling ₹34.58 billion. Analysts attribute this growth to a combination of steady real estate volume expansion and pricing gains in the sector, alongside an increase in market share due to the company's robust business development efforts and strong product pipeline. Despite a flat booking value of ₹101.63 billion year-on-year, the company's expenses surged by 45% to ₹30.2 billion. CEO Pirojsha Godrej emphasized the continued strong demand for residential real estate in India and set a target to grow FY27 bookings to over ₹390 billion ($4.1 billion). The company has also acquired nearly 20 land parcels this fiscal year, aiming to develop housing projects worth ₹420 billion.