Godrej Properties bookings FY25

Q: Which regions contributed most to Godrej Properties' Q2 bookings?

The National Capital Region (NCR) and Mumbai Metropolitan Region (MMR) were the key contributors, driven by new project launches.

Godrej Properties Breaks Records with a Massive 89% Surge in Bookings in FY25 First Half

In a remarkable performance, Godrej Properties has set new benchmarks in the real estate sector, recording an 89% increase in bookings year-on-year during the first half of FY25. With a staggering ₹13,800 crore in bookings, the company has already surpassed the halfway mark of its full-year booking guidance. This number also exceeds Godrej’s total annual bookings for FY23, marking a phenomenal achievement in just six months.

Strong Q2 Drives Growth: ₹5,200 Crore in Bookings from NCR and MMR

Breaking it down further, Godrej Properties posted ₹5,200 crore in bookings for Q2 FY25, fueled by the sale of 5.1 million square feet of residential space. The demand was largely driven by new project launches in the National Capital Region (NCR) and the Mumbai Metropolitan Region (MMR), two of India’s most lucrative real estate markets.

One of the standout projects for the quarter was Godrej Vrikshya in NCR, which alone garnered ₹1,500 crore in bookings. Meanwhile, in MMR, the Godrej Woodside Estate plotted development recorded impressive bookings of over ₹600 crore. These developments reflect Godrej Properties’ strategic focus on high-demand regions, tapping into the growing appetite for premium residential spaces.

Phenomenal First Half: Surpassing FY23 and On Track for FY25

The first six months of FY25 have been nothing short of exceptional for Godrej Properties. The company reported ₹13,800 crore in bookings, which is already 63% of its annual guidance for FY25. This figure not only highlights the company’s ability to scale but also places it ahead of its total annual bookings from FY23. With 8,600 homes sold, covering a total area of 14 million square feet, Godrej Properties is demonstrating unmatched momentum in India’s booming real estate sector.

Collections Skyrocket: 68% Higher in Q2, 62% Higher for H1

Collections have also surged during the quarter, with ₹4,000 crore collected in Q2 alone, a 68% increase from the same period last year. For the first half of the fiscal year, collections stood at ₹7,000 crore, up 62% year-on-year. These numbers indicate that Godrej Properties is well on its way to achieving 47% of its annual collection guidance for FY25, showcasing strong liquidity and financial discipline.

New Projects and Future Growth

Godrej Properties bookings FY25, A key driver of this impressive performance has been the addition of 8 new projects in FY25, with a total saleable area of 11 million square feet and a booking potential of ₹12,650 crore. Of this, Q2 alone accounted for 6 new projects, with a booking value of ₹9,650 crore. This robust pipeline is not only driving current growth but also setting the stage for future success.

Managing Director and CEO, Gaurav Pandey, emphasized the importance of these new projects, stating, “The project additions in the quarter ensured a robust pipeline of launches, not just for the current year but for years to come.” Godrej Properties also made a strategic entry into Indore, expanding its footprint and preparing for its first launch in this promising market.

Cash Flow Surge: Operating Cash Flows up by 120%

Operating cash flows for the quarter were equally impressive, rising by 120% year-on-year to ₹1,800 crore. For the first half of the fiscal year, operating cash flows surged threefold, amounting to ₹2,800 crore. This strong cash flow is a testament to Godrej Properties’ ability to generate significant returns, ensuring sustainable growth and solid financial health.

Conclusion:

Godrej Properties’ stellar performance in the first half of FY25, marked by an 89% surge in bookings, is a testament to the company’s strategic focus on high-demand regions, timely project launches, and strong collections. With ₹13,800 crore in bookings already recorded, Godrej Properties bookings FY25, Godrej Properties is well on its way to achieving its full-year targets. The company’s ambitious expansion plans, robust cash flows, and entry into new markets like Indore further strengthen its position as a leader in India’s real estate sector.

FAQs:

1.What is the history of Godrej properties Ltd?

A. Bookings surged by 89% year-on-year, reaching ₹13,800 crore in the first half of FY25.The company was originally incorporated on February 8, 1985 as Sea Breeze Constructions and Investments Pvt Ltd. In the year 1990, the name of the company was changed to Godrej Properties and Investments Pvt Ltd. In the year 1991, the company changed their status to a public limited company.

2.Which regions contributed most to Godrej Properties’ Q2 bookings?

A. The National Capital Region (NCR) and Mumbai Metropolitan Region (MMR) were the key contributors, driven by new project launches.

3.Who is the owner of Godrej Properties Limited?

A.Godrej Properties Limited is a real estate company with its head office in Mumbai, India and is one of the top three developers in Delhi-NCR, Bangalore, Mumbai & Pune. A subsidiary of Godrej Industries Ltd, the company was established in 1990 under the leadership of Adi Godrej.

4.How much area did Godrej Properties sell in the first half of FY25?

A. Godrej Properties sold 8,600 homes covering a total area of 14 million square feet.

5.How much were the collections for Godrej Properties in Q2 FY25?

A. Collections amounted to ₹4,000 crore in Q2 FY25, marking a 68% increase year-on-year.

6.What is the booking potential of Godrej Properties’ new projects in FY25?

A. The 8 new projects added in FY25 have a booking potential of ₹12,650 crore.

7.How has Godrej Properties performed in terms of operating cash flow?

A. Operating cash flow surged by 120% in Q2 to ₹1,800 crore, and by threefold in the first half, totaling ₹2,800 crore.

8.How much of its annual guidance for collections has Godrej Properties achieved?

A. Godrej Properties has achieved 47% of its annual collection guidance for FY25.

9.What new markets is Godrej Properties entering?

A. Godrej Properties has recently entered the Indore market and is preparing for its first project launch in the city.

10.What is Godrej Properties’ long-term growth strategy?

A. The company is focused on robust project additions, securing a strong pipeline of launches for future growth while expanding into new markets like Indore.