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Godrej Properties Limited (GPL) is a pan-India real estate developer engaged in the development and sale of residential and commercial properties, as well as plotted and other lands. The Company derives its revenue primarily from these activities and operates across key urban markets in India. It was incorporated on February 08, 1985 as a private limited company, and is described in the report as established in 1990, building on the 128-year legacy of the Godrej Group. GPL is noted as India’s largest real estate developer by residential sales and the #1 listed developer by booking value in FY 2023–24 and FY 2024–25.
GPL’s footprint spans multiple cities. In the latest year, it executed 34 new project and phase launches across seven cities, including Mumbai, Bengaluru, Kolkata, Hyderabad, Gurugram, Noida and Pune, and also reported activity in Nagpur. The National Capital Region and the Mumbai Metropolitan Region were the largest contributors to booking value during the year.
As of March 31, 2025, the Company had 21 unlisted subsidiaries under the Companies Act.
Key milestones achieved in the latest year include record consolidated booking value of Rs 29,444 crore through the sale of 15,302 homes covering 25.73 Million sq. ft., 18.4 Million sq. ft. of deliveries across five cities, and 6,298 units handed over. GPL also executed 34 new launches/phase launches, added projects with expected booking value of Rs 26,450 crore, and raised Rs 6,000 crore via the largest-ever Qualified Institutional Placement (QIP) across India’s real estate sector.
– Pirojsha Godrej – Executive Chairperson
– Gaurav Pandey – Managing Director & Chief Executive Officer
– Rajendra Khetawat – Chief Financial Officer
– Ashish Karyekar – Company Secretary
– Record performance and market presence: GPL reported booking value of Rs 29,444 crore, with NCR (Rs 10,523 crore) and MMR (Rs 8,034 crore) as the largest contributors. It launched 34 new projects/phases across seven cities and delivered 18.4 Million sq. ft. across five cities.
– Corporate actions and governance: A Godrej family settlement realignment was completed on July 18, 2024. Following member approval, certain promoter and promoter group members were re-classified to the public category, with stock exchange approval on October 22, 2024. As of March 31, 2025, 99.99% of the Company’s equity shares were held in dematerialised form.
– Strategic moves: GPL acquired 100% equity shares of Pearlshine Home Developers Private Limited on February 03, 2025, making it a wholly-owned subsidiary. The Company also obtained member approvals via postal ballot for material related party transactions with one associate LLP and one subsidiary LLP on March 20, 2025.
– Business development and launches: GPL added 14 new projects with expected booking value of Rs 26,450 crore and entered plotted development in Tier-2 cities. Major launches included Godrej Woodscapes (Bengaluru), Godrej Carmichael (Mumbai), Godrej Jardinia (Gurugram), Godrej Miraya (Noida) and others.
– Recognitions: Under the leadership of the MD & CEO, GPL received multiple honours including “Builder of the Year – Large Category” (Construction Times – BAM Awards, 2024), “India’s Top Builders 2024” (CWAB Awards), “India’s Most Admired Brand” (Construction World), and “Value creator of the year” – Real Estate (Hurun).
GPL develops and sells residential and commercial properties and also undertakes plotted development. The Company operates across major Indian cities.
It launched 34 new projects and phases across seven cities including Mumbai, Bengaluru, Kolkata, Hyderabad, Gurugram, Noida and Pune, and reported activity in Nagpur. The NCR and MMR regions were the largest contributors to booking value.
