In an interview with PTI, he famous that the housing market has stabilised after witnessing a loopy development for a few years post-COVID pandemic.
Pirojsha exuded confidence that the corporate would simply obtain its ₹32,500 crore goal of gross sales bookings for this fiscal.
The corporate would additionally meet the annual steering in different key metrics — assortment of funds from prospects, deliveries of tasks, launches and enterprise improvement (addition of land parcels for future tasks), he mentioned.
“Housing market as a complete is holding up. A number of discuss market softening…However what we’re seeing continues to be fairly sturdy,” Pirojsha mentioned and highlighted the corporate’s sturdy gross sales bookings over the past calendar 12 months throughout all main cities together with Mumbai Metropolitan Area (MMR), Delhi-NCR, Bengaluru, Pune and Hyderabad.
He mentioned the corporate’s pre-sales of housing plots in tier II cities like Panipat have been very encouraging.
“In the event you have a look at a typical actual property cycle, you undergo first that preliminary restoration section, you then undergo a few years of very quick pricing and quantity development, you then get to a extra regular state. I feel we’re in that extra regular state the place costs are doing effectively, volumes are additionally sturdy, however not that loopy development of a pair years in the past,” Pirojsha noticed.
In keeping with stories of actual property consultants, housing gross sales dipped in quantity phrases through the 2025 calendar 12 months throughout 7-8 main cities however rose value-wise due to worth appreciation.
Speaking concerning the firm’s operational efficiency within the first 9 months of this fiscal, he mentioned the gross sales bookings have grown by 25% to ₹24,008 crore and would meet the goal of ₹32,500 crore for the total 2025-26 fiscal.
“So we’re on observe to fulfill the gross sales bookings steering, hopefully we will perform a little bit higher,” he mentioned.
On collections, Pirojsha mentioned it has grown 19% to ₹12,018 crore within the first 9 months of this fiscal and hoped to attain the ₹21,000 crore annual goal.
“We’re nonetheless a protracted method to go for the steering, however we had at all times mentioned that January-March will probably be a giant quarter, as a result of plenty of deliveries are deliberate in This fall, so collections may even be a lot larger this quarter. So nonetheless fairly hopeful that we can ship the steering,” he mentioned.
Relating to deliveries of tasks, Pirojsha mentioned the corporate would exceed the annual goal of 10 million sq. ft in completion. Almost 5 million sq. ft has been accomplished within the 9 months of this fiscal and a number of deliveries are anticipated within the present quarter.
On land acquisition, the corporate’s Government Chairperson mentioned it has acquired 12 land parcels, with an estimated saleable space of twenty-two.36 million sq. ft. and anticipated reserving worth of ₹24,650 crore.
“The goal was so as to add ₹20,000 crore price of tasks. We have now exceeded our annual steering. We count on one other good quarter on the enterprise improvement entrance,” he mentioned.
On monetary efficiency, Godrej Properties not too long ago reported a 23% enhance in its consolidated web revenue to ₹193.87 crore for the quarter ended December regardless of decrease revenue.
Its web revenue stood at ₹158.20 crore within the year-ago interval.
Whole revenue declined to ₹1,033.84 crore through the third quarter of this fiscal from ₹1,239.97 crore within the corresponding interval of the previous 12 months.
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Godrej Properties is without doubt one of the main actual property builders within the nation.
The corporate grew to become the biggest listed actual property developer within the 2024-25 fiscal 12 months, clocking report gross sales bookings of ₹29,444 crore.
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