Godrej, Macrotech Property Sales Reach Record High with Rs 22k Crore in 2024-25 Fiscal Year
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India’s top real estate firms, Godrej Properties and Macrotech Developers, claimed that their combined sales reached Rs 22k crore during April-Sept 2024. This is 56 percent of the total annual sales. The major reason is the increasing demand for premium homes.
Godrej Properties, the real-estate segment of Godrej and Macrotech Developers selling properties under the Lodha brand, has witnessed solid growth in sales of its premium properties. Godrej Properties achieved sales worth Rs 13,800 crore, while Macrotech Developers witnessed bookings worth Rs 8,320 crore.
Gaurav Pandey, Managing Director and CEO of Godrej Properties, states, “We are delighted with the scale-up we have achieved in the past couple of years. The sales bookings of over Rs 13,800 crore in H1 of FY25 surpass our annual bookings in FY23.”
The Growth in Sales Booking Value
According to the operational reports, Godrej Properties’ sales booking value increased from Rs 7,288 crore to Rs 99% year over year. Macrotech Developers, on the other hand, recorded a 21% rise in sales bookings over the Rs 6,890 crore they made the previous year. From April to September of 2024, the combined sales bookings for both companies came to Rs 22,120 crore, up from Rs 14,178 crore during the same time the previous year.
Looking at these growing sales, both real estate companies are quite optimistic about the further inclining of sales in the coming months and reaching their sales target. Godrej Properties aims to reach Rs 27,500cr, while Macrotech targets Rs 17,500 cr.
Godrej Properties, in recent times, has emerged as the leading real-estate company in terms of sales bookings for the preceding fiscal year. Its sales bookings increased by 84% in FY24 compared to FY23, hitting a record of Rs 22,527 crore from Rs 12,232 crore. Similar to this, Macrotech Developers had a 20% increase in sales bookings, reaching Rs 14,520 crore as opposed to Rs 12,060 crore earlier.
Since the festive season is on, industry experts are positive about more sales in the coming month and the influx of new project launches. Both companies are in a strong position at present and are offering residential projects according to the growing demand of consumers.
This spike in real estate investment not only shows consumer mood but also highlights how resilient the Indian real estate market is in the face of difficult conditions.
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