Godrej Properties Share Price in Focus as Real Estate Firms Report Strong Sales

As per media reports, India’s top real estate firms reported a total of ₹34,985 crore in sales bookings for the second quarter of fiscal 2025. Godrej Properties, with pre-sales of ₹5,198 crore, emerged as the largest listed real estate player during the July-September period.

The growth in the residential real estate sector has been driven by strong demand, especially in major markets such as Delhi-NCR, Mumbai, and Bengaluru.

Godrej Properties Expansion

Earlier this week, Godrej Properties reported the acquisition of a 53-acre land parcel in Joka, Kolkata, with plans for 1.3 million square feet of residential development, expected to generate ₹500 crore in revenue.

The newly acquired 53-acre land in Joka is strategically located in a rapidly growing area, close to the city center and near Diamond Harbour, a popular weekend destination. It is also in proximity to IIM-Calcutta.

Q2 FY25 Financial Highlight 

At the close of the September quarter of fiscal 2025, Godrej Properties’ booking value reached ₹13,835 crore, representing 51% of its full-year target. 

The company reported a consolidated net profit of ₹335 crore for the quarter, a significant increase from ₹67 crore in the previous year. Quarterly revenue jumped to ₹1,093 crore, up from ₹343 crore in the same quarter last year.

Share Price Performance

On November 25, 2024, Godrej Properties share price traded 3.43% higher at ₹2,955 at 1:00 PM on NSE. The stock opened at ₹2,948.35, slightly up from its previous close of ₹2,856.95. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.