GPL is India’s largest residential developer by booking value for the third consecutive financial year
Godrej Properties Ltd (GPL) reported its highest ever full-year bookings, collections, operating cash flow (OCF), and business development in financial year 2025-26 (FY26).
The real estate arm of Godrej Industries Ltd (GIL) saw booking value grow 16 per cent year-on-year (Y-o-Y) to ₹34,171 crore from sale of 17,515 units with a total area of 27 million square feet (msf), up 5 per cent by volume. This is the highest ever full-year booking value and volume announced by any listed real estate developer in India to date, the company said in a statement on Friday.
Earlier, Godrej’s Mumbai-based peer Lodha Developers reported presales of ₹20,530 crore in FY26, growing at 16 per cent Y-o-Y, but missing out on its guidance of ₹21,000 crore as March saw select deferral of sales due to the Iran war. Lodha’s presales for the fourth quarter (Q4) of FY26 stood at ₹5,890 crore, up 23 per cent Y-o-Y.GPL achieved 105 per cent of its FY26 booking value guidance, with booking value growing at a 41 per cent compound annual growth rate (CAGR) over three years.
Region-wise contributions included the Mumbai Metropolitan Region (MMR) at ₹10,313 crore, Bengaluru ₹8,802 crore, the National Capital Region (NCR) ₹7,410 crore, Pune ₹3,659 crore, Hyderabad ₹2,360 crore, and other cities at ₹1,627 crore. GPL’s Q4FY26 booking value reached a record ₹10,163 crore, with 4,791 units sold across 7.26 msf. This marked the fifth consecutive quarter for GPL with a booking value above ₹7,000 crore and the 11th consecutive quarter above ₹5,000 crore. FY26 was also the ninth consecutive year of booking value growth.The company reported its highest ever quarterly and annual collections and OCF in FY26. Q4 collections stood at ₹7,947 crore, up 14 per cent Y-o-Y and 86 per cent quarter-on-quarter (Q-o-Q), the highest quarterly collections reported by any real estate developer in India, the company noted.
FY26 collections reached ₹19,965 crore, up 17 per cent Y-o-Y, the highest annual collections by any listed developer. GPL achieved 95 per cent of its collections guidance, with collections growing at a 30 per cent CAGR over three years.
GPL’s direct construction spend increased 62 per cent in FY26. Q4FY26 OCF stood at ₹4,631 crore, up 14 per cent Y-o-Y, while FY26 OCF reached ₹7,830 crore, up 5 per cent Y-o-Y, reflecting a 30 per cent three-year CAGR. Free cash flow (FCF) stood at ₹626 crore in Q4FY26, up 5 per cent Y-o-Y.
