Godrej Properties has acquired a 14-acre land parcel in the Kharadi-Wagholi region of Pune for a new residential development project. The development will primarily feature premium group housing, offering a total developable area of 3.7 million sq ft, with an estimated revenue potential of 4,200 crore.
The Kharadi-Wagholi area is one of Pune's most sought-after destinations, and it has been known for its connectivity and rapid growth in recent years. This acquisition marks Godrej Properties’ strategic entry into this high-demand micro-market.
In the fourth quarter of FY25, the company achieved a 7% year-on-year increase in booking value, reaching 10,163 crore. The company sold 3,703 homes, totalling 7.52 million sq ft. For the full fiscal year, Godrej Properties posted a remarkable 31% year-on-year growth, with total booking value at 29,444 crore, driven by the sale of 25.73 million sq ft.
Regions like NCR, Mumbai, and Bangalore contributed significantly to the company’s sales, amounting to 10,523 crore, 8,034 crore, and 5,089 crore, respectively. Customer collections in Q4 FY25 stood at 6,961 crore, reflecting a 48% increase compared to the previous year. For the entire fiscal year, the collections totalled 17,047 crore, marking a 49% growth.
Looking ahead, Godrej Properties plans to scale its residential bookings to over 32,500 crore in FY26, targeting a 20% growth. This will be achieved through the launch of over 40,000 crore worth of inventory and sales.