Godrej Properties targets ₹40,000 cr revenue recognition by March 2028
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Godrej Properties targets ₹40,000 crore in revenue recognition by March 2028.
- ✓Chairperson Pirojsha Godrej said the firm expects a huge jump in revenue and profit next fiscal year as it delivers many completed residential projects.
- ✓The company stepped up construction work to ensure these sold-out homes reach buyers on time.
Story at a Glance
- Category
- MARKET
- Reported By
- Business Standard
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
Pirojsha Godrej, Chairperson of Godrej Properties, said the company expects a sharp rise in revenue and profit next fiscal as it steps up deliveries of completed residential projects. | Image: Company's Website
Real estate firm Godrej Properties will recognise about ₹40,000 crore in revenue in its books by March 2028, as it has stepped up construction work to complete ongoing housing projects, a top company official said.
In an interview with PTI, Godrej Properties Ltd Chairperson Pirojsha Godrej said there would be a huge jump in revenue and profit next fiscal year due to a sharp increase in deliveries of residential projects.
The company's sales bookings or pre-sales are recognised as revenue only when projects are completed, as per accounting standards.
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