Godrej Properties
Godrej Properties reported a strong operational performance for financial year 2026, with booking value rising 16% year on year to ₹34,171 crore. The company said this is the highest-ever booking value reported by any Indian real estate developer in a single fiscal.
Over the past three years, booking value has grown at a compound annual growth rate of 41%, with the company achieving 105% of its annual guidance.
Collections also rose 17% to ₹19,965 crore, marking another record, with a three-year compound annual growth rate of 30%.
Direct construction spend increased sharply by 62% during the year, while operating cash flow rose 5% to ₹7,830 crore, also reflecting a three-year compound annual growth rate of 30%.
The company added projects with a future sales potential of ₹42,100 crore during the year, exceeding guidance by over 200% and growing 59% year on year.
It also delivered 12.1 million square feet of projects, achieving 121% of its annual target.
Prestige Estates Projects
Prestige Estates has entered into a joint venture with ABIL Group to develop a premium residential project in Mumbai.
The development will be executed through Aaramnagar Realty LLP, which holds development rights for a land parcel in Aram Nagar, Versova.
The project spans around 6 acres and has a development potential of approximately 1.7 million square feet, with an estimated gross development value of over ₹9,000 crore.
The company said the project will cater to demand for premium housing in Mumbai’s western suburbs, with Versova emerging as a key micro market due to strong infrastructure, connectivity, and proximity to commercial hubs.
Shares of Godrej Properties ended 0.49% lower at ₹1,693.90 on Thursday, while Prestige Estates Projects closed 0.40% lower at ₹1,315.50.
