Godrej Properties plans to launch homes worth ₹32,000 crore for sale in the second half of the 2026-27 financial year, doubling the value of residential projects it launched during the preceding six months as the company responds to sustained housing demand across major Indian cities.
The company launched projects worth ₹16,000 crore between April and September 2026. Its second-half pipeline will cover the Mumbai Metropolitan Region, Delhi-NCR, Pune, Bengaluru and Hyderabad, according to Chairperson Pirojsha Godrej in an interview with PTI.
Godrej Properties has set a target of ₹48,000 crore in sales launches for the full 2026-27 financial year, compared with ₹42,200 crore in projects launched during 2025-26. Pirojsha said the company was on track to meet or exceed its annual guidance for sales bookings, customer collections, launches, land acquisition and project completion.
The company’s sales bookings rose 7 per cent to ₹16,659 crore in the first half of the current financial year from ₹15,587 crore in the corresponding period a year earlier. Its full-year sales bookings are expected to rise 22 per cent to a record ₹41,500 crore, according to the report. Godrej Properties had reported sales bookings of ₹34,171 crore during 2025-26 and set an initial guidance of ₹39,000 crore for 2026-27.
Pirojsha said the company had not seen a project where it was disappointed with customer off-take or demand. “I would say from a company perspective, demand has been quite strong,” he said, adding that housing demand remained steady despite global political and economic uncertainties.
Customer collections are targeted at ₹24,000 crore for the current financial year. The company collected ₹9,666 crore during the first half. It has also set a delivery target of 13.5 million square feet, although it delivered 3.4 million square feet during the first six months.
The launch plans come as listed real estate developers continue to expand their presence in India’s largest housing markets. Godrej Properties develops group housing projects in the Mumbai Metropolitan Region, Delhi-NCR, Pune, Bengaluru and Hyderabad, and also offers housing plots in tier II and tier III cities.
The company’s operational targets are being pursued alongside a decline in reported profit. Its consolidated net profit fell 62 per cent to ₹154.15 crore in the quarter ended September, from ₹405.08 crore in the same period a year earlier. Total income increased to ₹2,571.73 crore from ₹1,950.05 crore, while expenses rose to ₹2,476.74 crore from ₹1,300.98 crore.
For the first half of 2026-27, net profit declined 50 per cent to ₹504 crore from ₹1,005 crore in the year-ago period. Total income increased to ₹3,916.77 crore from ₹3,570.39 crore. In 2025-26, the company reported a net profit of ₹1,850 crore on total income of ₹8,410.88 crore.
Godrej Properties has completed projects covering more than 80 million square feet since 2018. The company’s next major milestones are the planned second-half launches, progress towards its ₹41,500 crore sales-booking expectation and delivery of the targeted 13.5 million square feet during the financial year.
