Godrej Properties remains firmly bullish on India’s housing demand and plans to acquire multiple land parcels this financial year with an estimated revenue potential of around Rs. 30,000 crore, a senior company official said. The developer is pursuing a twin strategy of outright land purchases and joint development partnerships with landowners to fuel its next phase of growth.
In an interview with PTI, Executive Chairperson Pirojsha Godrej said the company’s business development activity, which primarily refers to new land acquisitions, has been particularly strong in the first six months of the current fiscal. He added that the pipeline for the second half of the year also looks robust.
The momentum has already helped Godrej Properties surpass its business development guidance of Rs. 20,000 crore for the ongoing financial year. “We deliberately keep our business development targets conservative so that there is no undue pressure on our internal teams to pursue land acquisitions aggressively,” Pirojsha said.
Despite rising competition and higher land prices, the company expects to comfortably close the year with new projects worth at least Rs. 30,000 crore in gross development value (GDV). “The land market has heated up, but we should do at least Rs. 30,000 crore GDV this full fiscal year under business development,” he told PTI.
In recent months, the company has announced several strategic land purchases across key growth markets. It acquired a 75-acre land parcel in Nagpur to develop a housing project with an estimated revenue potential of around Rs. 755 crore. The upcoming project will primarily focus on plotted residential development, catering to growing demand for low-density housing in emerging urban centres.
Earlier this month, Godrej Properties also acquired 30 acres of land in South Bengaluru for the development of a large township project with an estimated revenue potential of about Rs. 3,500 crore. The South Bengaluru micro-market has seen sustained residential demand on the back of improving infrastructure connectivity and the expansion of technology and industrial corridors.
Beyond land acquisitions, the company is sharpening its focus on project execution in the second half of the financial year. Pirojsha said timely construction and delivery remain a key priority, as buyers today are placing greater emphasis on developer credibility and completion track records.
On the sales front, Godrej Properties posted healthy growth during the first half of the fiscal. Sales bookings rose 13 percent to Rs. 15,587 crore in April–September, compared with Rs. 13,835 crore in the corresponding period last year. The company remains confident of achieving its full-year bookings target of Rs. 32,500 crore.
For context, Godrej Properties recorded sales of Rs. 29,444 crore in the 2024–25 financial year, largely driven by strong residential demand across major urban centres. With the current run rate and a strong festive-season pipeline, management expects the current year to mark another record for the company.
Godrej Properties primarily develops group housing projects in key housing markets such as the Delhi-NCR, Mumbai Metropolitan Region, Pune, Bengaluru, and Hyderabad. In recent years, it has also expanded its footprint into several tier II and tier III cities, where it is offering plotted development projects to tap into demand from end-users and investors seeking affordable land options.
Industry analysts say the developer’s aggressive land acquisition strategy reflects sustained confidence in residential demand, even amid concerns over rising interest rates, construction costs, and land prices. With strong cash flows from ongoing projects and rising customer interest in branded developers, large listed players such as Godrej Properties are well positioned to consolidate market share.
As competition for prime land intensifies across major cities, execution efficiency and disciplined capital deployment will be critical. With a full development pipeline and ambitious growth targets for the year, Godrej Properties is clearly positioning itself for another year of expansion in India’s fast-evolving housing market.
