Godrej Properties launch plan set at ₹32,000 crore

Godrej Properties plans to launch homes with a combined sale value of ₹32,000 crore in the second half of FY27, twice the value of projects it launched in the first six months. The company is aiming to expand its business and meet continued demand for housing, according to a PTI report published on November 9.

The Godrej Properties launch pipeline is expected to cover the Mumbai Metropolitan Region, Delhi-NCR, Pune, Bengaluru and Hyderabad. Chairperson Pirojsha Godrej told PTI the pipeline was strong across these cities. The company launched residential properties worth ₹16,000 crore between April and September 2026.

Godrej Properties launched projects worth ₹42,200 crore in FY26. It has set a launch value target of ₹48,000 crore for FY27, according to its published guidance. The planned launches in the second half would make up a substantial part of that annual target.

The Godrej Properties H2 FY27 plan comes as the company expects sales bookings to reach ₹41,500 crore for the full year, a 22% increase from FY26. That projection is above its earlier ₹39,000 crore booking guidance. In the first half, bookings rose 7% year on year to ₹16,659 crore, compared with ₹15,587 crore in the same period a year earlier.

The Godrej Properties pre-sales target follows FY26 bookings of ₹34,171 crore. For FY27, the company also aims to collect ₹24,000 crore from customers and deliver 13.5 million square feet of projects. It had collected ₹9,666 crore and delivered 3.4 million square feet in the first half, according to the PTI report.

Pirojsha said housing demand remained strong across the company’s projects despite global political and economic uncertainty. Godrej Properties develops group housing in its key metropolitan markets and also offers housing plots in tier-II and tier-III cities. The Godrej Properties launch programme is intended to serve urban markets where the developer already operates, while supporting its sales and delivery plans.

The company’s collection target is another measure to watch as it moves into the second half. Customer collections can help fund construction and project activity, while timely delivery is central to converting bookings into completed homes. Godrej Properties expects to deliver 13.5 million square feet over the full financial year, although it had completed 3.4 million square feet by the end of September.

The growth outlook comes alongside weaker reported profit. Godrej Properties’ consolidated net profit fell 62% year on year to ₹154.15 crore in the September quarter, while total income increased to ₹2,571.73 crore. Expenses rose to ₹2,476.74 crore. For the first half, net profit declined 50% to ₹504 crore, while total income grew to ₹3,916.77 crore, the report said.

The Rs 32,000 crore housing projects pipeline represents an expansion plan whose success will depend on launches converting into bookings and timely project execution. The Godrej Properties launch schedule is part of the company’s wider FY27 goals for sales, collections and delivery

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