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India Housing Market: Steady Growth Continues
8 Feb
Summary
- Housing market shows steady sales and price growth post-COVID.
- Godrej Properties expects to exceed sales booking targets.
- The company is also on track for deliveries and land acquisitions.
India's real estate sector is demonstrating resilience, with Pirojsha Godrej, Executive Chairperson of Godrej Properties, highlighting steady growth in both housing sales volume and pricing. While acknowledging a normalization from the rapid post-COVID surge, he expressed confidence that the market is in a stable phase.
Godrej Properties anticipates easily surpassing its Rs 32,500 crore sales booking target for the 2025-26 fiscal year, having already achieved Rs 24,008 crore in the first nine months. The company is also projected to meet its guidance for customer collections, project deliveries, and strategic land acquisitions.
Financially, Godrej Properties reported a 23% increase in net profit to Rs 193.87 crore for the quarter ending December, despite a dip in total income. The company, which became the largest listed developer in the 2024-25 fiscal year with record bookings of Rs 29,444 crore, continues to see strong performance across major cities and encouraging interest in tier-II locations.
