India, Feb 09 : India’s housing sector continues to demonstrate resilience, with both sales volumes and property prices maintaining an upward trajectory, according to Godrej Properties Executive Chairperson Pirojsha Godrej. He dismissed concerns about weakening demand, stating that the market has transitioned into a more balanced and sustainable phase following the sharp surge witnessed in the years after the Covid-19 pandemic.
In an interaction with PTI, Godrej expressed confidence that the company is well-positioned to achieve its sales bookings target of ₹32,500 crore for the current fiscal year. He added that the developer is also on course to meet annual guidance across key operational indicators, including customer collections, project deliveries, launches, and land acquisitions.
Highlighting recent performance, he noted that housing demand remains robust across major urban centres such as the Mumbai Metropolitan Region, Delhi-NCR, Bengaluru, Pune, and Hyderabad. Pre-sales momentum has also been encouraging in emerging tier-II locations, including Panipat, reflecting a broader geographic spread of buyer interest.
Godrej explained that the real estate cycle typically progresses from recovery to rapid growth before settling into a steadier phase. He believes the sector is now experiencing that stability, where price appreciation continues alongside healthy transaction volumes, albeit without the extraordinary spikes seen earlier.
Industry data indicates that while housing sales volumes moderated across several leading cities in 2025, overall transaction values increased due to rising property prices.
Reviewing the company’s financial and operational metrics, Godrej said sales bookings climbed 25 percent year-on-year to ₹24,008 crore in the first nine months of FY26, keeping the firm firmly on track to meet — and potentially exceed — its annual projection.
Customer collections rose 19 percent to ₹12,018 crore during the same period. With a significant number of project handovers scheduled for the January–March quarter, the company expects a substantial boost in inflows before the fiscal year closes.
On project execution, nearly 5 million square feet have already been delivered, and the developer anticipates surpassing its annual completion goal of 10 million square feet as more deliveries line up in the final quarter.
The company has also strengthened its future pipeline by acquiring 12 land parcels with a combined saleable area of 22.36 million square feet and an estimated booking potential of ₹24,650 crore — exceeding its initial business development target.
Financially, Godrej Properties reported a 23 percent rise in consolidated net profit to ₹193.87 crore for the December quarter, despite a decline in total income to ₹1,033.84 crore from ₹1,239.97 crore a year earlier.
Among India’s leading real estate developers, the firm had emerged as the country’s largest listed property company in FY25, registering record sales bookings of ₹29,444 crore.