Mumbai: Godrej Properties Limited (GPL) (scrip id: GODREJPROP), a leading national real estate developer, has announced key operational updates for Q4 and FY2026.
Godrej Properties delivers its highest ever quarterly and full year bookings.
o FY2026 booking value grew 16% YoY to INR 34,171 crore. This was achieved through the sale of 17,515 units with a total area of 27 million sq. ft., a YoY volume growth of 5%. This is the highest ever full year booking value and volume announced by any listed real estate developer in India to date.
o GPL has achieved 105% of its annual guidance for booking value for FY2026. o Booking value has grown at a CAGR of 41% in the past 3 years.
o The company’s sales were well diversified geographically, with key contributions from major residential markets:MMR (INR 10,313 crore), Bengaluru (INR 8,802 crore), NCR (INR 7,410 crore), Pune (INR 3,659 crore), Hyderabad (INR 2,360 crore) and Others (INR 1,627 crore).
o 2 zones of GPL i.e. South Zone (Bengaluru, Hyderabad & Chennai) and Mumbai Zone (Mumbai & Indore) crossed INR 11,000 crores booking value for the first time.
o This performance 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.
o Q4FY2026 booking value was the highest quarterly bookings ever by GPL equaling the previous best ever quarter in Q4 FY 2025 and growing 21% QoQ to INR 10,163 crores. This was achieved through the sale of 4,791 units with a total area of 7.26 million sq. ft.
o This is the 5th consecutive quarter in which GPL has delivered more than INR 7,000 crores of booking value and 11th consecutive quarter in which GPL has delivered more than INR 5,000 crore of booking value.
o FY2026 is the 9th consecutive year in which GPL has delivered growth in booking value.
Highest ever quarterly and full year collections & Operating cash flow (OCF)
o Q4FY2026 collections stood at INR 7,947 crore representing a YoY growth of 14% over its previous best ever quarter and QoQ growth of 86%. This is the highest ever quarterly collections reported by any real estate developer in India to date.
o FY2026 collections stood at INR 19,965 crore representing a YoY growth of 17%. This is the highest annual collections reported by any listed real estate developer in India to date
o GPL has achieved 95% of its annual guidance for collections for FY2026.
o Collections have grown at a CAGR of 30% in the last 3 years.
o Direct construction spend increased by 62% in FY2026.
o Q4FY2026 OCF stood at INR 4,631 crore representing a YoY growth of 14% over the previous best ever quarter and a QoQ growth of 336%. FY2026 OCF stood at INR 7,830 crore representing a YoY growth of 5%.
o OCF has grown at a CAGR of 30% in the last 3 years.
o Free cash flow (FCF) of INR 626 crores was generated in Q4FY2026, a 5% increase YoY.
Best-ever year for business development
o GPL has added 18 new projects in FY2026 with a total estimated saleable area of approximately 33.32 million sq. ft. and total estimated booking value potential of ~INR 42,100 crore.
o Thisincludes 6 new projects with a total estimated saleable area of approximately 11 million sq. ft. and an expected booking value of INR 17,450 crore added in Q4FY2026.
o This was GPL’s best ever year for business development, with expected booking value added more than double the initial guidance of adding INR 20,000 crore of booking value potential.
Strong deliveries in Q4FY2026
o GPL has delivered 12.1 million sq. ft. of projects in FY2026 across 9 cities representing an achievement of 121% of its annual guidance for deliveries in FY2026. This includes 7.4 million sq. ft. of deliveries across 8 cities in Q4FY2026.
Stake increase by promoters in GPL and in holding company GIL in FY2026
o Promoters have utilized the entire creeping acquisition limit by investing INR 2,674 crore to acquire a 5.0% stake in GPL in FY2026 at an average price 21% higher than the FY2026 financial year-end stock price. This included 4.5% stake acquired in Q4FY2026.
o Promoters also utilized entire creeping acquisition limit in GPL’s holding company, Godrej Industries Limited (GIL) by investing INR 1,896 crore to acquire a 5.0% stake in FY2026.
Gaurav Pandey, MD & CEO, Godrej Properties, said: “GPL’s well rounded performance in FY2026 underscores the strength of demand for well- designed, high-quality homes in India’s major metropolitan markets.Our business development additions with a future booking value potential of over INR 42,000 crore in FY2026 will ensure that we continue to have a strong launch pipeline in the years ahead and the combined operating cash flow of over INR 15,000 crore we have generated in the past two financial years enables us to invest for growth while continuing to strengthen our balance sheet. We remain focused on building on this momentum in FY2027 through excellence in design, construction quality, timely delivery, sustainability, and innovation.”
