In the first quarter ended June 30, 2025, GPL sold 4,231 homes covering 6.17 million sq. ft., driven by a successful launch pipeline across cities like Bengaluru, Mumbai Metropolitan Region (MMR), and NCR.

Bengaluru remained the company’s strongest performing market, contributing over ₹3,000 crore, largely driven by the blockbuster launch of Godrej MSR City (₹2,426 crore). Other top-performing launches included Godrej Majesty in Greater Noida (₹925 crore) and Godrej Tiara in Bengaluru (₹470 crore).

GPL launched 6 new projects/phases across 4 cities, unlocking a total sales potential of ₹8,500 crore.

On the business development front, GPL added 5 new projects in Q1FY26 with an estimated booking value potential of ₹11,400 crore, achieving 57% of its FY26 guidance in the very first quarter.

In terms of collections, the company recorded ₹3,670 crore, showing a 22% YoY growth, while the 2-year CAGR of booking value stood at a strong 77%, reflecting underlying long-term strength.

On the ESG front, GPL secured key climate commitments validation from the Science Based Targets initiative (SBTi), including its Net Zero goal.

On the financial side, consolidated EBITDA rose 18% YoY to ₹915 crore, and net profit jumped 15% to ₹600 crore, even though total income saw a slight decline of 3% YoY to ₹1,593 crore. The earnings per share (EPS) stood at ₹19.92 versus ₹18.70 last year.

Pirojsha Godrej, Executive Chairperson, stated:

“Godrej Properties delivered another solid quarter for bookings, cashflows, and earnings. Our business development additions since FY23 with a future booking value of over ₹90,000 crore provide us significant opportunity to scale our bookings and in turn our earnings. With a robust launch pipeline, strong balance sheet, and resilient demand, we are on track to achieve our guidance across all operating parameters.”

In recognition of leadership and excellence, MD & CEO Gaurav Pandey was named “CEO of the Year” by the Construction Times BAM Awards, while GPL bagged 10 awards in the quarter.

Also Read: Godrej Properties enters Hyderabad

The post Godrej Properties Reports ₹7,082 Cr Bookings in Q1 FY26, Maintains Growth Momentum appeared first on Square Feat India.

India’s residential market is witnessing a clear shift in consumer preferences toward premium housing, with homes priced above ₹1 crore now forming 62% of all housing sales in H1 2025, according to JLL’s latest Residential Market Update.

Despite a 13% year-on-year (Y-o-Y) dip in H1 sales volumes, the second quarter (Q2) of 2025 posted a 7% rise in quarterly sales, reaching 69,530 units, signaling a strong mid-year rebound. The ₹3–5 crore and ₹5 crore+ categories emerged as fastest-growing segments, outpacing demand in the mass market.

India Residential Market Overview – H1 2025

Ticket Size Break-up: H1 2025 vs H1 2024

City-wise Residential Sales – H1 2025

New Launches: H1 2025

Despite slower overall launch momentum, premium housing launches surged, particularly in Chennai, Kolkata, and Bengaluru.

Capital Value Growth – Q2 2025

Expert Insights

“The steady growth in luxury home sales indicates rising buyer affluence and a focus on value-driven transactions. While sales in the ₹1 Cr+ category grew 6%, sub-₹1 Cr homes dropped 32% year-on-year.”
— Dr. Samantak Das, Chief Economist and Head of Research, JLL India

“Despite fewer launches, developers are aligning with premium demand. Launches of ₹1 Cr+ homes more than doubled YoY. Cities like Chennai and Kolkata led this transition.”
— Siva Krishnan, Head – Residential Services, JLL India

Outlook: Value, Affordability & Premiumization

The combination of a likely repo rate cut, easing inflation, and growing urban affluence is expected to support sustained growth in India’s housing market. While price appreciation may moderate, especially in the premium segment, demand for well-located, high-value homes remains resilient, particularly in Mumbai, Bengaluru, Pune, and Delhi NCR.

Also Read: Luxury Housing Unsold Stock Rises 10%.

The post Premium Housing Surges as Mass Segment Slows: 62% of India’s H1 2025 Sales Now Above ₹1 Crore appeared first on Square Feat India.

The price increase is part of a broader trend across India’s top residential markets, where Bengaluru and NCR led the way with exceptional YoY price jumps of 16% and 12% respectively, but Mumbai remained significant due to its larger base and consistent sales momentum.

Key Highlights:

Residential Market Performance Snapshot (Q1 2025)

1. Sales Volumes

• Mumbai registered 24,930 units sold, the highest among all cities, reflecting a 5% YoY increase.
• Pune and Chennai emerged as strong performers with 20% and 10% growth in sales respectively.
• NCR and Bengaluru witnessed dips in sales, attributed to rising prices discouraging middle-segment buyers.

Table: Housing Sales Volumes

2. New Launches

• Mumbai continued to dominate with 25,706 units launched, showing a 2% YoY increase.
• Bengaluru saw a remarkable 26% growth in launches, responding to premium housing demand.
• Overall, new launches outpaced sales, keeping the inventory momentum intact.

Table: New Launches Across Cities

Premiumization of the Housing Market

• The share of homes priced above ₹10 million now constitutes 46% of the total sales (up from 40% in Q1 2024).
• Particularly, the ₹20-50 million segment surged, registering a 28% YoY growth in sales.
• Ultra-luxury segments like ₹200-500 million and above ₹500 million witnessed over 120%-400% growth, although the market remains niche.

Box: Ticket Size Breakdown of Sales

Inventory and Market Health

Despite robust sales, unsold inventory increased by 5% YoY, largely due to the high volume of new project launches.
However, the Quarters-to-Sell (QTS) ratio remains healthy at 5.9 quarters, indicating strong demand absorption.

Box: Inventory and QTS Summary

Conclusion

Mumbai’s residential market continues to show strength, backed by premiumization and a resilient economy. While rising prices are starting to challenge affordability in some segments, steady demand, particularly in the premium and luxury housing brackets, is ensuring market balance.

With expected interest rate reductions and improved liquidity conditions, the residential markets across India, led by Mumbai, appear well-positioned to sustain their growth momentum through 2025.

Also Read: Mumbai Sees A Decline Of 3% In Home Prices.

The post Mumbai Sees 6% Residential Price Surge appeared first on Square Feat India.