Real Estate Developer Sells Homes Worth Over Rs 1,000 Crore; 300+ Luxury Homes Sold In Hyderabad Within Weeks
With a PE ratio of 44.5, the company trades at a premium compared to the industry PE of _31.3. The company has ROCE of 5.74 per cent and ROE of 6.79 per cent.
Godrej Properties Limited, one of India’s leading real estate developers, today announced that it has sold homes worth over Rs1,000 crores with a total area of ~0.84 million sq. ft. in its project, Godrej Madison Avenue, located in Kokapet, Hyderabad. Launched in January 2025, this new project represents Godrej Properties' successful entry into Hyderabad, further strengthening its presence in Southern India.
Kokapet is one of Hyderabad’s most sought-after residential and commercial hubs. Godrej Madison Avenue is strategically located on the well-developed Golden Mile Road with access to reputed schools, health facilities, neighbourhood retail, and premium lifestyle offerings that further enhance its appeal among homebuyers and investors. The area also offers seamless connectivity to Outer Ring Road, Financial District, Gachibowli, and HITEC City.
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Gaurav Pandey, MD & CEO, Godrej Properties, said, “We are thrilled with the response to our first project in Hyderabad. This success reiterates the huge growth opportunity available to Godrej Properties in Hyderabad and the strong demand for premium residential developments in Kokapet. This success also strengthens our commitment to expanding in Hyderabad where we will be launching a second project shortly."
Godrej Properties brings the Godrej Industries Group philosophy of innovation, sustainability, and excellence to the real estate industry. Each Godrej Properties development combines a 128-year legacy of excellence and trust with a commitment to cutting-edge design, technology, and sustainability. In FY 2024, Godrej Properties emerged as the largest developer in India by the value of residential sales achieved.
In the Quarterly Results of December 2024, the company reported a revenue of Rs 968.88 crore, reflecting a YoY growth of 193.21 per cent compared to Rs 330.44 crore in December 2023. The operating profit stood at Rs 9.27 crore, improving from a loss of Rs 66.08 crore in the same quarter last year. The profit after tax (PAT) increased by 161.19 per cent to Rs 162.64 crore from Rs 62.27 crore in December 2023.
In FY24, the company posted a revenue of Rs 3,035.62 crore, registering a 34.78 per cent growth compared to Rs 2,252.26 crore in FY23. The net profit for the year stood at Rs 725.27 crore, up 26.93 per cent from Rs 571.39 crore in the previous financial year.
With a PE ratio of 44.5, the company trades at a premium compared to the industry PE of 31.3. The company has ROCE of 5.74 per cent and ROE of 6.79 per cent.
Investors must keep this Large-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.