Breaking News Godrej Properties Registers Record-Breaking Sales of Rs 28,800 Crore in 2024

In the calendar year 2024, Godrej Properties achieved remarkable sales figures, totaling Rs 28,800 crore, making it the highest among all listed real estate companies in India. This achievement is attributed to strong demand for its housing projects across various cities. The company reported a significant increase in booking value, which grew by 69% compared to the previous year, alongside a volume growth of 54% with sales covering an area of 26.38 million square feet.

The performance was particularly notable in key markets such as Delhi-NCR, which contributed the most to pre-sales at Rs 9,936 crore. Following this were the Mumbai Metropolitan Region (MMR) with Rs 9,177 crore and Bengaluru with Rs 5,303 crore. The Executive Chairperson of Godrej Properties Indore, Pirojsha Godrej, emphasized that this was a record-breaking year for the company in terms of bookings, collections, operating cash flows, earnings, and deliveries.

In addition to these impressive sales figures, Godrej Properties launched 30 new projects during the year with a potential sales value of Rs 34,300 crore, while also delivering an area of 18 million square feet. The company has been actively acquiring land parcels as well; it acquired 16 land parcels last year with an estimated revenue potential of Rs 36,250 crore.

Financially speaking, Godrej Properties reported a consolidated net profit of Rs 162.64 crore for the December quarter alone—a more than two-and-a-half-fold increase from the same period last year when it stood at Rs 62.27 crore. For the first nine months of the fiscal year (April-December), net profit surged to Rs 1,017.90 crore, up from Rs 254.01 crore in the previous year.

Overall, Godrej Properties Pune’ performance in 2024 reflects not only robust demand for residential properties but also strategic planning and execution that have positioned it as a leader in India’s real estate market.