Godrej Properties (GPL) has announced a 31% increase in its booking value year-on-year, reaching ₹29,444 crore for the financial year 2024-25. This performance allowed GPL to exceed its annual booking value target for FY25 by 109%. The company achieved this milestone by selling 15,302 homes, encompassing a total area of 25.73 million square feet, reflecting a 29% growth in sales volume compared to the previous year.
Gaurav Pandey, Managing Director and CEO, expressed his satisfaction, stating, “We are thrilled to have surpassed ₹10,000 crore in sales bookings for the first time in Q4 FY25. Over the past three years, our sales bookings have grown at a compound annual growth rate of 55%.
Our business development additions with a future booking value of Rs 26,450 crore in FY25 will ensure that we continue to have a strong launch pipeline in the years ahead. Furthermore, the equity capital of INR 6,000 crore we raised through a QIP in December 2024 combined with the record operating cash flow we generated in FY25 will enable us to continue to invest for growth.”
In Q4 FY25, the company’s booking value experienced an 87% increase quarter-on-quarter and a 7% rise year-on-year, totaling ₹10,163 crore. This was achieved through the sale of 3,703 homes, covering an area of 7.52 million square feet. The National Capital Region (NCR), Mumbai Metropolitan Region (MMR), and Bengaluru contributed over ₹10,500 crore, ₹8,000 crore, and ₹5,000 crore, respectively, to the booking value in FY25.
