New Delhi, March 13 – The promoters of Godrej Properties Ltd have increased their stake in the company by 5% this fiscal year through the purchase of public shares worth Rs 2,674 crore in the open market, as they are optimistic about growth prospects amid strong demand for residential properties and a robust pipeline of new projects.
Godrej Properties, the real estate arm of the Godrej Group, is one of the leading property developers in the country.
In terms of sales bookings, the company emerged as the largest listed real estate firm during the last fiscal year, with pre-sales of nearly Rs 30,000 crore. It is expected to maintain this position in the current 2025-26 fiscal year.
At the beginning of the 2025-26 fiscal year, the promoters held a 46.67% stake in Godrej Properties, which has now increased to 51.67%.
The promoters bought shares at an average price of Rs 1,775 per share, and they invested a total of Rs 2,674 crore to acquire these shares.
Godrej Properties' shares were trading at Rs 1,578.80 each on Friday, lower than its 52-week high of Rs 2,505 per share. The company's current market capitalization is over Rs 47,000 crore.
When contacted, Godrej Properties Executive Chairperson Pirojsha Godrej said that the company has delivered outstanding growth in recent years.
"This has led to Godrej Properties Ltd becoming the largest residential developer in the country in terms of sales in both 2024 and 2025. Its future growth prospects remain very promising, as evidenced by the company's best-ever year for business development in FY26," he added.
"This growth potential, combined with strong cash flows and operational return on equity, gives us a lot of confidence in the value creation opportunity ahead," said Pirojsha.
Separately, the promoters of Godrej Industries Ltd have also increased their stake in the company to 74.64% from 69.64% for around Rs 2,000 crore. Godrej Industries also holds a stake in Godrej Properties.
On the operational front, Godrej Properties has performed well in recent years across all key metrics, including sales bookings, customer collections, project launches, and land acquisitions.
The company became the largest listed real estate developer in the 2023-24 and 2024-25 fiscal years, achieving record sales bookings of Rs 22,500 crore and Rs 29,444 crore, respectively.
For the current fiscal year, Godrej Properties Ltd has set a target of Rs 32,500 crore in sales bookings, and it is confident in achieving the pre-sales guidance for 2025-26.
The company's sales bookings have already increased by 25% to Rs 24,008 crore during the first nine months of this fiscal, driven by strong demand for residential properties.
Following the COVID-19 pandemic, the market share of major listed real estate companies, including Godrej Properties, has increased, as prospective homebuyers are becoming more risk-averse and prefer established brands with a proven track record.
In terms of business development, which involves acquiring land, either outright or through joint ventures, the company has acquired multiple land parcels this fiscal to develop housing projects with a potential revenue of over Rs 40,000 crore.
The company has aggressively acquired land through internal cash flow and also through funds raised from institutional investors in late 2024.
In December 2024, Godrej Properties raised Rs 6,000 crore through a Qualified Institutional Placement (QIP), which was the largest ever QIP by a real estate company in India. The issue was fully subscribed at Rs 2,595 per share.
In its latest investor presentation, Godrej Properties said, "Since its IPO in 2010, the stock price has declined by more than 45% in several instances, including the most recent one in 2025-2026. On average, the 1-year return after these lows has been over 100%, and the 3-year return has been over 200%."
Godrej Properties develops group housing projects in Mumbai Metropolitan Region (MMR), Delhi-NCR, Pune, Bengaluru, and Hyderabad. It also offers residential plots across various states.
During the 2024-25 fiscal year, the company posted a net profit of nearly Rs 1,400 crore on a total revenue of nearly Rs 7,000 crore.
Regarding project execution, the company has delivered approximately 70 million sq ft of real estate since 2017-18.
Recently, Pirojsha Adi Godrej bought a 1.8% stake in real estate firm Arvind SmartSpaces for Rs 40.7 crore from an affiliate of HDFC Capital through an open market transaction.
Pirojsha Godrej is the Executive Chairperson of Godrej Properties, Godrej Housing Finance, and a Non-Executive Director at Godrej Consumer Products and Godrej Agrovet.
The share prices of all major real estate companies have declined sharply due to geopolitical tensions in West Asia.