Godrej Properties Reports Highest-Ever FY26 Bookings and Collections
Godrej Properties Limited (GPL) has closed the financial year 2025-26 on its strongest note yet, and the numbers tell a story that will interest anyone tracking India's housing market. The real estate arm of Godrej Industries Ltd saw booking value grow 16 per cent year-on-year to ₹34,171 crore from sale of 17,515 units with a total area of 27 million square feet, up 5 per cent by volume. That is not a modest milestone — it is the highest ever full-year booking value and volume announced by any listed real estate developer in India to date, the company said.
The growth story becomes even more striking when you zoom out. Over the past three years, booking value has grown at a compound annual growth rate of 41 per cent, and GPL also remained India's largest residential developer by booking value for the third consecutive financial year. For homebuyers, this kind of sustained scale usually translates into deeper project pipelines, faster construction funding, and more choice across price points and cities.
The fourth quarter alone was a standout. Q4FY26 booking value was the highest quarterly bookings ever by GPL, equalling the previous best ever quarter in Q4FY25 and growing 21% QoQ to INR 10,163 crores, achieved through 4,791 units sold across 7.26 msf. Notably, this marked the fifth consecutive quarter for GPL with a booking value above ₹7,000 crore and the 11th consecutive quarter above ₹5,000 crore, while FY26 was also the ninth consecutive year of booking value growth. That kind of consistency across market cycles is rare in Indian real estate and speaks to steady end-user and investor confidence in the brand.
Collections — the actual cash flowing in from buyers — told an equally strong story. GPL reported its highest-ever collections in Q4FY2026 at Rs 7,947 crore, up 14 per cent YoY and 86 per cent sequentially, while quarterly operating cash flow stood at Rs 4,631 crore, rising 14 per cent YoY and 336 per cent quarter-on-quarter, with free cash flow of Rs 626 crore during the quarter, up 5 per cent YoY. For the full year, collections for FY2026 reached INR 19,965 crore, an increase of 17% year-on-year, marking the highest annual collections reported by any listed real estate developer in India.
Geographically, the growth was well spread across the country rather than concentrated in one market. Region-wise contributions included the Mumbai Metropolitan Region at ₹10,313 crore, Bengaluru ₹8,802 crore, the National Capital Region at ₹7,410 crore, Pune ₹3,659 crore, Hyderabad ₹2,360 crore, and other cities at ₹1,627 crore. Interestingly, the company highlighted that both its South Zone and Mumbai Zone crossed Rs 11,000 crore in booking value for the first time, and the performance was broad-based: it was driven by a broad and diversified portfolio, with 11 individual projects across 6 cities each generating booking value of more than INR 1,000 crore during the year.
On execution, the company also delivered on its promises to buyers awaiting possession. GPL delivered 12.1 million sq. ft. of projects, meeting 121% of its guidance, underscoring its execution capabilities and market strength. Financially, the numbers followed through to the bottom line — Godrej Properties delivered its highest ever annual net profit of ₹1,850 crore for FY26, registering a YoY growth of 32%, with total income rising 22% to ₹8,374 crore from ₹6,848 crore, and EBITDA increasing 43% to ₹2,826 crore.
Commenting on the results, Pirojsha Godrej, Executive Chairperson of Godrej Properties, said the company delivered a record-breaking financial year 2026 with its highest ever bookings, collections, operating cashflows, earnings, and business development. He added that the demand for residential real estate in India remains strong across key markets and the company will continue to seek to gain market share through outstanding design, timely delivery, and high-quality developments. Looking ahead, he noted business development additions with a future booking value of over Rs 42,000 crore in FY26 will ensure that we continue to have a strong launch pipeline in the year ahead.
For prospective buyers, the forward guidance is perhaps the most useful takeaway. In FY27, the company plans to grow residential bookings to over INR 39,000 crore through the launch of a large number of exciting new projects combined with strong sustenance sales. Management has also guided for FY27 bookings and collections growth of 20%+ and targets 20% ROE by FY28, underpinned by a robust launch pipeline and strong business development momentum. In practical terms, this means a steady stream of new project launches across Bengaluru, Pune, MMR, NCR, and Hyderabad over the coming year — good news for buyers who prefer getting in at pre-launch pricing before value appreciates.
