Godrej Properties Projects ₹8,400 Crore EBIT and ₹5,100 Crore Net Profit from Record Sales Pipeline Over Next 3-4 Years

Record Sales Pipeline to Deliver ₹8,400 Crore EBIT Over Next 3–4 Years

Godrej Properties has stated that its record sales pipeline is expected to deliver approximately ₹8,400 Cr in EBIT and approximately ₹5,100 Cr in net profit over the next 3–4 years. The company has also reiterated its 20% Return on Equity target by FY28, reflecting its focus on long-term capital efficiency and earnings growth.

Strategic Foundation Built on FY26 Performance

The guidance follows a record fiscal year. The company sold 17,515 homes across India in FY2026 with a total booking value of Rs. 34,171 crore. That is the highest number any listed real estate company in India has ever reported. FY2026 also marked the company's best year for business development, with 18 new projects added, representing a saleable area of 33.32 million square feet. These additions carry an estimated booking value potential of Rs 42,100 crore—more than double the company's initial guidance.

Geographic Spread and Market Leadership

The Mumbai Metropolitan Region contributed ₹10,313 crore, followed by Bengaluru at ₹8,802 crore. Delhi NCR accounted for ₹7,410 crore, while Pune and Hyderabad recorded ₹3,659 crore and ₹2,360 crore respectively. For the third consecutive year, the company emerged as the nation's largest residential developer by booking value.

FY27 Guidance and Forward Outlook

For FY27, the company targets over ₹39,000 Cr in bookings and over ₹24,000 Cr in collections, both representing ~20% growth. The record operating cash flow of INR 7,830 crore it generated in FY26 will enable it to continue to invest for growth while ensuring a strong balance sheet.

Structural Changes: NCLT Approval for Subsidiary Merger

The National Company Law Tribunal (NCLT), Mumbai Bench, has sanctioned the scheme of amalgamation of Embellish Houses Private Limited with Godrej Properties Limited. The order, pronounced on July 8, 2026, approves the merger under Sections 230 to 232 of the Companies Act, 2013. As Embellish Houses Private Limited is a wholly owned subsidiary of Godrej Properties Limited, no shares will be allotted to discharge the consideration. The rationale for the amalgamation includes the consolidation of the real estate business to achieve operational efficiency and a streamlined group structure.