Godrej Properties’ Q2 bookings at Rs 8,008 crore; H1 sales rise 7% to record Rs 16,659 crore

Godrej Properties Limited (GPL), a leading national real estate developer, has announced its financial results for the second quarter ended September 30, 2026.

CORPORATE HIGHLIGHTS:

Sales highlights

Godrej Properties’ achieved a booking value of INR 8,008 crores in Q2 FY27. This was achieved through the sale of 3,658 units with a total area of 6.2 million sq. ft.
H1 FY27 booking value grew 7% YoY to INR 16,659 crore. This was achieved through the sale of 7,396 units with a total area of 12.3 million sq. ft. This is the highest ever H1 booking value achieved by Godrej Properties.
Best-ever quarter for sustenance sales growing 83% YoY and 43% QoQ in Q2 FY27. Sustenance sales grew 55% in H1 FY27. 3 projects contributed more than INR 500 crores to sustenance sales in the quarter – Godrej Trilogy in MMR, Godrej Vanantara in Bengaluru and Godrej Samaris in Gurugram.
Sales in Q2 FY27 were also driven by strong demand in some key new project launches including Godrej Crown Residences, Noida (INR 1,036 crores), Godrej Regent Park (INR 463 crores) and Godrej Florenne (INR 142 crores) in Bengaluru, and 2 plotted projects – Rivershore Estate, Nagpur (INR 310 crores) and Greenvale Estate, Raipur (INR 276 crores). Godrej Brooklyn Avenue, Hyderabad, launched towards the end of first quarter also contributed INR 727 crores to bookings.
This performance was driven by a broad and diversified portfolio, with contributions by 5 individual projects of more than INR 500 crore and 6 individual projects of INR 200-500 crore to the booking value during the quarter.
The company’s sales were well diversified geographically, with key contributions from major residential markets: NCR (INR 1,926 crore), MMR (INR 1,899 crore), Bengaluru (INR 1,564 crore), Pune (INR 976 crore), Hyderabad (INR 782 crore) and Others (INR 861 crore) during the quarter.
This is the 7th consecutive quarter in which GPL delivered more than INR 7,000 crores of booking value and 13th consecutive quarter in which GPL has delivered more than INR 5,000 crore of booking value.

Collections and cashflow highlights

Highest ever second quarter and first half collections – collections grew 31% in Q2 FY27 to INR 5,318 crores and grew 25% in H1 FY27 to INR 9,666 crores.
Operating Cashflow in Q2 FY27 grew 297% QoQ and 33% YoY to INR 1,584 crore. With this Godrej Properties has achieved OCF of INR 1,983 crores in H1 FY27.
Construction and related outflow increased by 31% YoY in Q2 FY27 and by 42% YoY in H1 FY27.

Business development highlights

GPL has added 1 new project with an estimated saleable area of approximately 1.1 million sq. ft. and expected booking value of INR 6,000 crore in Q2 FY27.
GPL has added 4 new projects with an estimated saleable area of ~9.1 million sq. ft. and expected booking value of INR 15,500 crore in H1 FY27, achieving 78% of its full year guidance.

Other highlights

GPL has delivered 2.5 million sq. ft.of projects in Q2 FY27.
Godrej Properties is ranked #1globally with a score of 100/100 by the Global Real Estate Sustainability benchmark (GRESB) for the second consecutive year in 2026.
Godrej Properties received Green Champion of the year Award by NDTV.
GPL received 59 awards in Q2 FY27.

Commenting on the performance of Q2 FY27, Pirojsha Godrej, Chairperson, Godrej Properties Limited, said: “While some of the headline earnings and bookings numbers for the quarter look muted, Q2 was a very strong operating quarter with sustenance sales growth of 83% YoY to INR 5,054 crore and cash collections growth of 31% YoY to INR 5,318 crore. We only launched one third of our expected annual launch pipeline in the first half of the financial year and were still able to deliver 43% of our annual bookings guidance highlighting the continued strength of underlying demand in the sector.

Our launch pipeline has never been stronger and with launches picking up substantially from this month onwards, we remain confident of surpassing our full year guidance across all key operating metrics. We are especially focused on generating strong cash flows and expect INR 15,000 crore of collections and INR 7,000 crore of operating cash flow in H2 FY27. This will allow us to both invest for continued growth while being free cash flow positive for the period. FY 28 is an important year for the company where the exceptional growth of the past few years becomes apparent in the reported financials under project completion accounting. We expect to deliver both positive free cash flow and a 20% reported ROE in FY28. We remain extremely excited about the opportunity ahead and will seek to continue to gain market share through outstanding design, timely delivery, and high quality developments.”