Godrej Properties Q1 FY27: Sales Bookings Hit ₹8,651 Crore, Bengaluru Leads Growth, Adds ₹9,500 Crore Development Pipeline:Investor Presentation

Godrej Properties Limited (GPL) delivered another strong operational quarter in Q1 FY27, maintaining its leadership in India’s residential real estate market. The company reported booking value of ₹8,651 crore, sold 6.15 million square feet, launched new projects worth ₹10,500 crore, and added a fresh business development pipeline with an estimated booking value of ₹9,500 crore.

While reported financial results moderated due to project completion cycles, the company’s operational momentum remained strong, with management indicating that it is on track to achieve or exceed most of its FY27 guidance.

Q1 FY27 Operational Highlights

Godrej Properties continued to witness healthy customer demand across its key markets.

Key operational highlights:

• Booking Value: ₹8,651 crore
• Area Sold: 6.15 million sq. ft.
• Residential Units Sold: 3,738
• Launch Value: ₹10,500 crore
• Customer Collections: ₹4,348 crore
• Deliveries: 0.9 million sq. ft.
• Business Development Added: ₹9,500 crore expected booking value

The company also highlighted that it has consistently maintained quarterly booking values above ₹7,000 crore for the past six quarters, demonstrating sustained demand despite changing market conditions.

Bengaluru Emerges as the Biggest Growth Driver

Bengaluru was the standout performer during the quarter.

City-wise Booking Value

Bengaluru alone contributed nearly 44% of total booking value, underlining the city’s continued strength in premium residential demand.

Top Selling Projects in Q1 FY27

Several flagship projects generated robust customer response.

The leading contributors included:

• Godrej Vanatara, Bengaluru: ₹3,237 crore
• Godrej Samaris, Gurugram: ₹1,248 crore
• Godrej Aveline, Bengaluru: ₹521 crore
• Godrej Trilogy, MMR: ₹376 crore
• Godrej Brooklyn Avenue, Hyderabad: ₹317 crore
• Godrej Ivara, Pune: ₹267 crore
• Godrej Reserve, MMR: ₹250 crore

These projects collectively accounted for a significant portion of quarterly bookings.

Business Development Pipeline Expands

Godrej Properties continued expanding its land bank during the quarter.

The company added three new projects with:

• Estimated saleable area: 8.05 million sq. ft.
• Expected booking value: ₹9,500 crore

The new projects include:

• Greater Noida DMIC
• Noida Sector 150
• Chennai OMR Plotted Development

This expansion strengthens the company’s long-term growth pipeline.

FY27 Guidance Remains on Track

Management indicated that the company is progressing well toward its annual targets.

The business development target is already nearly halfway achieved after just one quarter.

Financial Performance

Operational performance remained strong, although reported earnings declined because revenue recognition in real estate depends on project completion and delivery schedules.

Q1 FY27 Financial Highlights

• Total Income: ₹1,337 crore
• EBITDA: ₹545 crore
• Profit Before Tax: ₹480 crore
• Net Profit: ₹350 crore

Compared with Q1 FY26:

• Total Income declined 16%
• EBITDA declined 40%
• PBT declined 44%
• PAT declined 42%

The company emphasized that quarterly profitability can fluctuate because revenue is recognized only after meeting accounting milestones, while bookings remain a better indicator of business momentum.

Construction Activity Accelerates

Godrej Properties continued investing heavily in project execution.

During Q1 FY27:

• Delivered 0.9 million sq. ft.
• Construction-related expenditure increased 54% year-on-year
• Management expects stronger deliveries during the remaining quarters of FY27 and into FY28.

ESG Leadership Continues

The company maintained its leadership in sustainability.

Major achievements include:

• Ranked #1 among Business World’s sustainable real estate companies.
• Included in TIME World’s Most Sustainable Companies 2026.
• Received the IGBC Green Champion Award.
• Continued 100% green certification or certification process for projects under reporting boundaries.
• Maintained top global ESG rankings across multiple sustainability benchmarks.

Godrej Properties has entered FY27 with strong sales momentum, a healthy project pipeline, and expanding geographic presence. While quarterly reported profits were lower because of the timing of revenue recognition, the company’s operational indicators—including bookings, launches, and business development—remain robust.

With Bengaluru leading demand, continued expansion across NCR and other major cities, and a substantial development pipeline already secured, Godrej Properties appears well-positioned to achieve its FY27 growth targets.