Archive · 4 Aug 2025
Godrej Properties Faces Q1 Headwinds Despite FY26 Growth Targets
Godrej Properties, a big real estate company, wants to sell a lot of properties this year.
They're aiming for ₹32,500 crore in sales, which is a 10% increase.
However, sales were down a bit in the first few months of the year compared to last year.
They built new projects in places like Bengaluru and Noida, and are planning more.
Some experts think they might not reach their sales goal because the housing market is slowing down in some areas.
The company is also expanding to other cities to try and keep sales up.
Godrej Properties targets ₹32,500 crore in pre-sales for FY26, a 10% increase.
Pre-sales declined 18% year-over-year in Q1FY26 to ₹7,082 crore.
New projects in Bengaluru and Noida accounted for over half of Q1 pre-sales.
Deliveries were muted at 0.8 million sq. ft in Q1 against a 10 million sq. ft annual target.
Concerns exist about softening housing demand in key markets and potential for missing pre-sales guidance.
- Who
- Godrej Properties.
- What
- Godrej Properties targets ₹32,500 crore in pre-sales for FY26.
- When
- In the first quarter of FY26 and for the full fiscal year.
- Where
- National Capital Region, Bengaluru, Mumbai Metropolitan Region, Gurugram, Greater Noida, Worli, Raipur and Vadodara.
- Why
- To achieve 10% year-over-year growth despite market challenges.
Growth Prospects
Market Demand
Sales Projections
Growth Prospects
Nomura expects Godrej to miss FY26 pre-sales guidance.
Market Demand
Godrej Properties is targeting a 10% increase in pre-sales.
Growth Potential
Growth Prospects
Medium-term pre-sales growth could be slower.
Market Demand
Antique Stock Broking reflects cautious optimism for growth.
- FY26 Pre-sales Target
- ₹32,500 crore
- Q1FY26 Pre-sales
- ₹7,082 crore
- Q1 Pre-sales Decline
- 18%
- Q1 Deliveries
- 0.8 million sq. ft
- New Projects in Q1
- 6
- FY26 Launch Guidance
- ₹40,000 crore
