Highlights
- Godrej Properties Limited reported highest-ever bookings and collections in FY2026.
- Booking value rose 16% YoY to INR 34,171 crore with consistent multi-year growth trends.
- Business development additions crossed INR 42,100 crore, exceeding annual guidance significantly.
Godrej Properties Limited (NSE:GODREJPROP) reported its highest-ever booking value of INR 34,171 crore in FY2026, reflecting a 16% year-on-year increase. The company sold 17,515 units covering 27 million sq. ft., with volume growth of 5% YoY.
The company achieved 105% of its annual booking guidance, while maintaining a three-year CAGR of 41% in booking value. Sales remained geographically diversified, with contributions from MMR, Bengaluru, NCR, Pune, and Hyderabad.
Collections and Cash Flow Trends
Collections for FY2026 stood at INR 19,965 crore, up 17% YoY, marking the highest annual collections reported by a listed real estate developer in India. Over a three-year period, collections recorded a CAGR of 30%.
Operating cash flow (OCF) for FY2026 increased to INR 7,830 crore, reflecting a 5% YoY rise. In Q4FY2026, collections reached INR 7,947 crore, while OCF stood at INR 4,631 crore, indicating sequential growth during the quarter.
Quarterly Performance and Sales Momentum
Q4FY2026 booking value stood at INR 10,163 crore, representing a 21% quarter-on-quarter increase. The company sold 4,791 units during the quarter, covering 7.26 million sq. ft.
This marks the fifth consecutive quarter with booking value exceeding INR 7,000 crore and the eleventh consecutive quarter above INR 5,000 crore. FY2026 also marks the ninth consecutive year of booking value growth for the company.
Business Development Expands Future Pipeline
During FY2026, Godrej Properties Limited added 18 new projects with an estimated saleable area of 33.32 million sq. ft. These additions carry a total estimated booking value potential of approximately INR 42,100 crore.
In Q4FY2026 alone, six new projects were added with a booking value potential of INR 17,450 crore. The additions exceeded the company’s initial guidance for business development.
Project Deliveries and Construction Activity
The company delivered 12.1 million sq. ft. of projects across nine cities during FY2026, achieving 121% of its annual delivery guidance. Of this, 7.4 million sq. ft. was delivered in Q4FY2026 across eight cities. Direct construction spend increased by 62% during the year, reflecting ongoing project execution and expansion activities.
Technical Summary
Godrej Properties Limited is currently trading at INR 1,736.60, gaining approximately 2.42% in the session and successfully pushing above its 51-day Simple Moving Average (SMA) near INR 1,669.49.
The Relative Strength Index (RSI) has climbed to 60.45, moving into bullish territory and indicating strengthening upward momentum. Immediate support is now established at the INR 1,670.00 level, while the zone between INR 1,850.00 and INR 1,900.00 remains a key resistance area that could define the next phase of the recovery.
Key Risks to Watch
- Real estate demand fluctuations may impact future booking growth.
- Execution delays could affect project deliveries and cash flow realization.
- High construction spending may influence margin trends.
- Regulatory approvals may impact timelines for new project launches.
Summary
Godrej Properties Limited reported record FY2026 performance with booking value reaching INR 34,171 crore and collections at INR 19,965 crore. Business development additions exceeded guidance, while project deliveries and cash flows showed steady growth. Promoters increased their stake during the year, and the company expanded its project pipeline across multiple cities.
FAQs
- What was Godrej Properties’ booking value in FY2026?
Godrej Properties Limited reported booking value of INR 34,171 crore, up 16% year-on-year. - How did collections perform in FY2026?
Collections rose 17% to INR 19,965 crore, marking the highest annual collections for a listed real estate developer. - What was the scale of new project additions?
The company added projects with an estimated booking value potential of approximately INR 42,100 crore during FY2026.