By BasisPoint Insight
April 8, 2025 at 6:48 AM IST
Godrej Properties Ltd. on Tuesday said it had achieved its highest-ever quarterly bookings at ₹101.63 billion in January–March. Full-year bookings rose 31% on year to ₹294.44 billion, the highest-ever annual figure for any real estate developer in the country, the company said in an exchange filing.
In FY25, the company sold 15,302 homes, covering a total area of 25.73 million square feet, reflecting a 29% on-year volume growth. Godrej Properties said it achieved 109% of its annual bookings guidance for the year.
January-March bookings rose 87% on quarter and 7% on year, with sales of 3,703 homes across 7.52 million square feet. This was the seventh straight quarter with bookings above ₹50 billion, the company said.
Sales in January–March were driven by demand for new launches including Godrej Riverine in Noida, with a booking value of over ₹20 billion, Godrej Astra in Gurugram with over ₹10 billion, and Godrej Madison Avenue in Hyderabad, which also crossed ₹10 billion.
In FY25, bookings from the NCR, MMR, and Bengaluru contributed more than ₹10.5 billion, ₹8 billion, and ₹5 billion, respectively.