Godrej Properties Projects 14% Growth in Sales Bookings to ₹14,000 Crore Amid Strong Housing Demand

The ₹14,000 Cr FY24 Target

Godrej Properties expects 14 per cent growth in sale bookings this fiscal to a record ₹14,000 crore on strong housing demand, a top company official said. In an interview with PTI, Godrej Executive Chairman Pirojsha Godrej said the company's performance in 2022-23 was strong across key operational parameters.

FY23 — A Record Year

Pirojsha said the sale bookings rose 56 per cent last fiscal to an all-time high of ₹12,232 crore, and almost all were residential properties.

Cash collections grew 41 per cent to ₹8,991 crore last fiscal year, while project deliveries touched a record 10 million square feet, he said.

FY24 Guidance — Bookings, Collections & Deliveries

Asked about the targets for the current year 2023-24, Pirojsha said the company has set a target of ₹14,000 crore worth of sale bookings and hopes to exceed the annual sales guidance.

The cash collection target has been fixed at ₹10,000 crore for the current fiscal, while project deliveries are expected to increase to 12.5 million square feet. He said prices in the company's housing projects increased by an average 10 per cent last fiscal and are expected to rise further.

Market View & Delhi-NCR Focus

On the real estate market, Pirojsha said the sector has witnessed a strong recovery after the second wave of the COVID-19 pandemic, despite higher home loan interest rates. He expects demand to remain stable in the coming years with moderation in borrowing costs.

He said the Delhi-NCR market has been performing well in terms of both sales volumes and pricing. To leverage this trend, the company plans to launch several projects in Delhi, Noida and Gurugram.

Godrej Properties, part of Godrej Industries, is among the leading real estate developers in India. The company focuses on residential projects in Delhi-NCR, Mumbai Metropolitan Region, Bengaluru and Pune.

Financial Performance

During the 2022-23 fiscal, the company's net profit rose to ₹571.39 crore from ₹352.37 crore in the previous year. Total income increased to ₹3,039 crore from ₹2,585.69 crore in 2021-22.

• FY23 sale bookings: ₹12,232 crore (up 56%)
• FY23 cash collections: ₹8,991 crore (up 41%)
• FY23 deliveries: 10 million sq ft (record)
• FY23 net profit: ₹571.39 crore (from ₹352.37 crore)
• FY24 targets: ₹14,000 Cr bookings · ₹10,000 Cr collections · 12.5M sq ft deliveries

What This Means for Noida Buyers

Godrej's planned Delhi-NCR launches and its confidence in continued price growth reinforce a broader trend: strong, sustained demand for premium residential property across Noida and Gurugram. For buyers and investors, a leading developer scaling aggressively into NCR is a positive signal for the market's long-term trajectory.

If you're evaluating luxury homes in Noida amid this momentum, explore our roundup of the top ultra-luxury residential projects in Noida — including M3M The Cullinan, Nova Residences and Max Estate 128 — or speak with our advisory team for a personalised shortlist.