Godrej Properties Plans 32,000 Crore Home Launches in H2 FY27

Godrej Properties plans to launch residential projects worth ₹32,000 crore in the second half of FY27, doubling its first-half launch value as it targets stronger sales across five major Indian markets.

Godrej Properties plans to launch residential projects worth approximately ₹32,000 crore in the second half of FY27, nearly double the ₹16,000 crore worth of homes introduced during the April–September period. The company is expanding its project pipeline to capitalise on sustained housing demand across India's major property markets.

The planned launches will span the Mumbai Metropolitan Region (MMR), Delhi-NCR, Pune, Bengaluru and Hyderabad. The development pipeline forms part of the company's strategy to strengthen its market presence, increase sales bookings and meet its annual operating targets.

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Godrej Properties Chairperson Pirojsha Godrej says the company remains on track to meet or exceed its guidance across key business parameters, including sales bookings, customer collections, project launches, land acquisitions and project deliveries. He also indicates that housing demand remains strong across the company's residential developments despite global economic and geopolitical uncertainties.

During the first half of FY27, the developer records sales bookings of ₹16,659 crore, registering a 7% increase from ₹15,587 crore in the corresponding period last year. The company aims to achieve sales bookings of ₹41,500 crore for the full financial year, representing a projected 22% growth over the previous year's ₹34,171 crore.

Godrej Properties had set an annual sales booking guidance of ₹39,000 crore for FY27. However, strong demand across its projects supports expectations of exceeding this target. The company also targets customer collections of ₹24,000 crore during the financial year, having collected ₹9,666 crore in the first six months.

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The developer is targeting deliveries covering 13.5 million square feet during FY27. It delivers 3.4 million square feet in the first half and expects a larger share of completions in the remaining quarters.

The launch programme follows a strong performance in the company's residential business, supported by demand across established and emerging urban markets. By increasing the value of new projects entering the market, Godrej Properties aims to strengthen its sales pipeline and maintain its position among India's leading listed real estate developers.