Godrej Properties Plans ₹32,000 Crore Housing Launches in H2 FY27 to Meet Strong Demand

Godrej Properties plans to launch residential properties worth ₹32,000 crore for sale in the second half of the 2026-27 financial year. This planned launch value is double the ₹16,000 crore worth of residential properties introduced during the April-September period of the same fiscal.

In an interview, Godrej Properties Chairperson Pirojsha Godrej stated that the company is on track to meet or exceed its annual guidance across key metrics, including sales bookings, customer fund collections, launches, land acquisitions, and project completions.

The upcoming launch pipeline includes major urban markets such as the Mumbai Metropolitan Region (MMR), Delhi-NCR, Pune, Bengaluru, and Hyderabad. During the previous 2025-26 fiscal, the company launched projects worth ₹42,200 crore, while setting a target of ₹48,000 crore for the current fiscal year.

Godrej Properties has maintained its position as India's largest listed real estate firm in terms of sales bookings over recent financial years. For the 2026-27 fiscal, sales bookings are projected to increase by 22 percent to a record ₹41,500 crore, exceeding initial annual guidance. In the previous fiscal year, the company sold properties valued at ₹34,171 crore against an initial guidance of ₹39,000 crore. During the first six months of the current financial year, sales bookings rose 7 percent to ₹16,659 crore, compared to ₹15,587 crore in the corresponding period of the previous year.

Pirojsha noted that housing demand remains steady across all projects despite ongoing global political and economic uncertainties. The company has set a customer fund collection target of ₹24,000 crore for the current fiscal, having already collected ₹9,666 crore in the first half. Furthermore, the company expects to achieve its project delivery target of 13.5 million square feet, notwithstanding the delivery of 3.4 million square feet recorded in the first half.

In terms of financial performance, the company recently reported a 62 percent decline in consolidated net profit to ₹154.15 crore for the quarter ended September, down from ₹405.08 crore in the same period last year, primarily driven by higher expenses. Total income for the second quarter rose to ₹2,571.73 crore from ₹1,950.05 crore, while expenses increased to ₹2,476.74 crore compared to ₹1,300.98 crore a year ago.

For the first half of the fiscal year, net profit fell 50 percent to ₹504 crore from ₹1,005 crore in the year-ago period. Total income for the six-month period grew to ₹3,916.77 crore from ₹3,570.39 crore. In the preceding 2025-26 fiscal, Godrej Properties posted a net profit of ₹1,850 crore on a total income of ₹8,410.88 crore, and has completed projects spanning over 80 million square feet since 2018.

"Godrej Properties' aggressive launch pipeline of ₹32,000 crore for the second half of the fiscal year highlights the robust underlying demand in India's residential real estate sector. While the company has experienced margin compression and higher expenses impacting its short-term net profit, its ability to maintain strong sales bookings and meet guidance points to effective execution capacity in key metropolitan markets." — Dr. Shishir Gupta, Founder & CEO, StartupLanes