Try GOLD - Free
Godrej Properties' Q1 Snags, Weak Demand Cloud Outlook
Mint Hyderabad
|August 05, 2025
Godrej Properties Ltd is targeting pre-sales, or bookings, of ₹32,500 crore for FY26, implying 10% year-on-year growth.
But after an 18% year-on-year drop in pre-sales during the June quarter (Q1FY26) to ₹7,082 crore, investors may question whether the goal is ambitious.
Lower sales from existing projects in the National Capital Region (NCR) and last year's high base led the decline. Godrej launched six new projects/phases in Q1, compared to eight a year ago.
New projects—Godrej MSR City and Godrej Tiara in Bengaluru, and Godrej Majesty in Noida—accounted for over half of Q1 pre-sales. For FY26, the pipeline includes projects in Gurugram, Greater Noida, and Worli. The company has reiterated its full-year launch guidance of ₹40,000 crore.
This story is from the August 05, 2025 edition of Mint Hyderabad.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Hyderabad
Mint Hyderabad
For Donald Trump, the Warner megadeal talks are all about CNN
The fate of Warner Bros.
3 mins
December 12, 2025
Mint Hyderabad
DCGI flags single-drug malaria pills’ illegal sales
A nationwide ban on the drug was imposed in 2009. BLOOMBERG
1 mins
December 12, 2025
Mint Hyderabad
Coca-Cola's COO Braun to become new CEO
Coca-Cola Co, said chief executive officer (CEO) James Quincey is stepping down and will be replaced at the end of March by Henrique Braun, the company’s chief operating officer (COO).
1 min
December 12, 2025
Mint Hyderabad
Labour codes: The state must do what it has promised
India's government finally announced the implementation of the four labour codes passed by Parliament about five years ago, starting 21 November 2025.
3 mins
December 12, 2025
Mint Hyderabad
IndiGo jolt: Is the megacorp becoming the new state?
Under India's new economic order, consumption has become a dependency, mediated—beyond choice—by ownership of infrastructure.
3 mins
December 12, 2025
Mint Hyderabad
Mexican tariff wave to slam $2 bn auto exports from India
India Inc. faces another external shock to its automotive export engine, with Mexico imposing steep tariffs of up to 50% on passenger vehicles, two-wheelers and auto components from several Asian nations, including India.
1 min
December 12, 2025
Mint Hyderabad
Tech's promise: An upside-down enlargement of the leisure class?
Elon Musk’s vision of a jobless future full of leisure and wealth for ordinary folks upends all we know about human history
4 mins
December 12, 2025
Mint Hyderabad
Budweiser signs 2-year ICC deal for key events
AB InBev, the maker of Budweiser beer, has announced a two-year sponsorship contract with the International Cricket Council on Thursday, spanning men’s and women’s tournaments in all formats from 2026.
1 min
December 12, 2025
Mint Hyderabad
US bombers join Japanese jets in show of force
The move follows Chinese and Russian drills in the skies and seas around Japan, South Korea
1 mins
December 12, 2025
Mint Hyderabad
EC extends SIR dates in six states, UTs
The Election Commission (EC) on Thursday extended the timeline for special intensive revision (SIR) of electoral rolls in six states and Union territories (UTs) following requests from the respective chief electoral officers.
1 min
December 12, 2025
Listen
Translate
Change font size