Godrej Properties is gearing up for one of its strongest years in land acquisition, with plans to purchase multiple land parcels in FY26 that collectively hold a revenue potential of around ₹30,000 crore, Executive Chairperson Pirojsha Godrej said in an interview with PTI. The company remains optimistic about sustained housing demand and is accelerating both outright land purchases and partnerships with landowners.
The developer, among the country’s leading residential real estate companies, continues to strengthen its business development pipeline as competition intensifies in key markets. According to Mr. Pirojsha, the company’s land-related activity has remained robust through the first half of the fiscal year, and the upcoming quarters appear equally promising.
Godrej Properties recently announced that it has already surpassed its business development guidance of ₹20,000 crore for the current fiscal, reflecting the speed of its expansion and the strength of opportunities available across markets.
Mr. Pirojsha noted that the company’s internal targets for land acquisition are intentionally moderate to avoid undue pressure on teams. He stated, "Land market has heated up. But, we should do at least ₹30,000 crore GDV (gross development value) this full fiscal year under the business development."
The real estate firm has been actively adding large parcels to its portfolio. Recently, Godrej Properties acquired 75 acres of land in Nagpur to develop a housing project with an estimated revenue potential of ₹755 crore. The project will primarily offer residential plots, aligning with the company’s growing focus on plotted development in emerging markets.
Earlier this month, the firm also acquired 30 acres of land in South Bengaluru for a township project that has an estimated revenue potential of ₹3,500 crore. These purchases emphasize the company's strategy of grabbing land not only in the metro areas but also in rapidly growing Tier II and Tier III cities.
Besides expanding its land bank, the company is intensifying its focus on project execution in H2. Mr. Pirojsha said that customer demand is still very good, and the company wants to ensure that it meets its delivery deadlines and that the sales momentum will continue across its portfolio.
Besides that, the company's sales have been improving progressively. Godrej Properties revealed that the sales bookings had gone up by 13 per cent to ₹15,587 crore in the first half of FY26 against ₹13,835 crore in the corresponding period of the previous year. Pirojsha expressed his belief that the company is moving in the right direction to achieve its high target of sales bookings worth ₹32,500 crores for the whole year.
In FY25, the company sold properties amounting to ₹29,444 crore, mainly in the housing segment. With a stronger pipeline, more land acquisitions, and continuous market optimism, the company is setting its sights on exceeding its last year’s performance.
Godrej Properties keeps on the development of group housing projects in the big markets like Delhi-NCR, Mumbai Metropolitan Region (MMR), Pune, Bengaluru, and Hyderabad. Besides, it is widening the plotted developments in a handful of non-metro cities, answering the growing need for land-led housing formats.
With the rising land prices and the deepening competition, the company’s bold land acquisition move signals that it is backing itself to remain the leader in the residential real estate sector in the Indian market. The anticipated revenue for FY26 is a clear indication of both the company’s faith in market fundamentals and the magnitude of opportunities that are arising in the Indian property market, which is growing rapidly.
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