Godrej Properties lines up ₹32,000 crore of launches in second half of FY27
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Godrej Properties Ltd plans to launch projects worth ₹32,000 crore in the second half of FY27.
- ✓The developer reported a 62% drop in net profit to ₹154 crore for the September quarter.
- ✓Despite this, they remain confident, as Pirojsha Godrej said, "Our launch pipeline has never been stronger."
Story at a Glance
- Category
- BUSINESS
- Reported By
- mint
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Bengaluru: India's top-selling residential developer, Godrej Properties Ltd (GPL), boasts a robust launch pipeline valued at ₹32,000 crore across multiple cities for the second half of this financial year to help hit its ambitious sales target for the year.
The developer deployed one-third of its total project launches in the first half of FY27 and delivered 43% of its annual booking guidance, signalling sustained housing demand. GPL has targeted ₹39,000 crore in total sales for the full year, having achieved ₹16,659 crore between April and September.
On Friday the Mumbai-based developer reported a sharp 62% drop in net profit to ₹154 crore for the September quarter from ₹405 crore a year earlier, mainly on account of higher costs. Revenue from operations grew 161.4% to ₹1935.17 crore during the period.
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