Godrej Properties Eyes ₹40,000 Cr Revenue Surge by 2028

Godrej Properties is poised for substantial financial growth, with Chairperson Pirojsha Godrej projecting a sharp rise in revenue and profit for the next fiscal year. The company expects to recognize around ₹40,000 crore in revenue by March 2028, as it intensifies efforts to complete ongoing housing projects.

This financial uplift is attributed to the upcoming deliveries of numerous sold-out projects within the next 18 months. Under accounting standards, sales bookings are recognized as revenue only upon project completion, a factor that will significantly boost reported financials. Godrej Properties aims to deliver 13.5 million sq ft this fiscal, with the majority in the latter half.

Beyond the immediate fiscal year, 2027-28 is marked as pivotal, reflecting the exceptional pre-sales growth of recent years. The company targets both positive free cash flow and a 20 percent reported return on equity in FY28. Godrej Properties has maintained its position as the country's largest listed real estate firm by sales bookings for several years and anticipates this trend to continue.