Godrej Properties FY26 bookings rise 16% to record Rs 34,171 crore; collections up 17%

Godrej Properties Limited (GPL) reported its strongest-ever operational performance in FY2026, posting record bookings, collections, operating cash flow, and business development during the year, according to the regulatory filing.

Booking value hits all-time high

The company said its booking value rose 16 per cent year-on-year (YoY) to Rs 34,171 crore in FY2026, marking the highest annual booking value ever reported by an Indian real estate developer. Over the past three years, booking value has grown at a compound annual growth rate (CAGR) of 41 per cent. GPL also remained India’s largest residential developer by booking value for the third consecutive financial year.

Collections and cash flow see strong growth

Collections for FY2026 increased 17 per cent YoY to Rs 19,965 crore, while operating cash flow (OCF) rose 5 per cent to Rs 7,830 crore. Both metrics represent record highs for the company, with collections witnessing a three-year CAGR of 30 per cent. Direct construction spend during the year surged 62 per cent, reflecting strong execution momentum.

Godrej Properties Q4 performance

On the quarterly front, GPL reported its highest-ever collections in Q4FY2026 at Rs 7,947 crore, up 14 per cent YoY and 86 per cent sequentially. Quarterly OCF stood at Rs 4,631 crore, rising 14 per cent YoY and 336 per cent quarter-on-quarter (QoQ). The company also generated free cash flow of Rs 626 crore during the quarter, up 5 per cent YoY.

Sales volume and booking momentum remain strong

GPL achieved its highest-ever quarterly and full-year bookings, with FY2026 sales reaching 17,515 units spanning 27 million sq ft, a 5 per cent increase in volume. Q4 booking value stood at Rs 10,163 crore, up 21 per cent sequentially, driven by the sale of 4,791 units. This marked the fifth consecutive quarter with booking value exceeding Rs 7,000 crore.

Geographical diversification of sales

Geographically, sales remained well diversified, led by the Mumbai Metropolitan Region (Rs 10,313 crore), followed by Bengaluru (Rs 8,802 crore), NCR (Rs 7,410 crore), Pune (Rs 3,659 crore), and Hyderabad (Rs 2,360 crore). The company highlighted that both its South Zone and Mumbai Zone crossed Rs 11,000 crore in booking value for the first time.

Consistent growth backed by strong portfolio

FY2026 was the ninth consecutive year in which GPL registered growth in its booking value. This was due to a diversified range of projects, with 11 projects in each city worth over Rs 1,000 crore in their respective booking values.

Business development pipeline expands significantly

With regard to business developments, GPL launched 18 new projects in FY2026, with a cumulative sales potential of 33.32 million sq ft and a total booking potential of about Rs 42,100 crore, which was well over twice the company’s earlier estimates. Out of these, six projects were launched in Q4 itself, with an aggregate booking potential of Rs 17,450 crore.

Project deliveries remained robust, with the company delivering 12.1 million sq ft across nine cities during the year, achieving 121 per cent of its annual guidance. This included 7.4 million sq ft delivered in Q4FY2026.

Promoters increase stake

Separately, promoters increased their stake in GPL during the year by acquiring 5 per cent equity through creeping acquisitions worth Rs 2,674 crore. A similar stake increase was undertaken in its holding company, Godrej Industries Limited, with an investment of Rs 1,896 crore.

Commenting on the performance, Gaurav Pandey, MD & CEO, Godrej Properties, said, "Our business development additions with a future booking value potential of over INR 42,000 crore in FY2026 will ensure that we continue to have a strong launch pipeline in the years ahead and the combined operating cash flow of over INR 15,000 crore we have generated in the past two financial years enables us to invest for growth while continuing to strengthen our balance sheet. We remain focused on building on this momentum in FY2027 through excellence in design, construction quality, timely delivery, sustainability, and innovation.”