New Delhi, India — India’s residential real estate market continues to show strong and steady growth following the rapid post-COVID expansion, according to Executive Chairperson Pirojsha Godrej of Godrej Properties. In a recent interview with PTI, he highlighted sustained demand across major urban markets and affirmed confidence in the sector’s health and future trajectory.
Market Stabilisation After Strong Growth
Godrej noted that the housing market has moved beyond the extraordinary growth seen in the immediate years after the pandemic. While the market no longer exhibits “crazy” growth rates, it has entered a balanced phase. This assessment aligns with data showing that residential real estate remains stable as post-pandemic growth moderates, moving into a phase of healthy sales volumes and pricing.
He pointed out that the residential sector has stabilised rather than softened across major regions like MMR, Delhi–NCR, and Bengaluru. Interestingly, while some reports indicated residential property sales dropped 12% in 2025, South Indian markets and premium pockets have largely defied this trend.
Company Performance and Sector Indicators
Godrej Properties expects to comfortably meet its sales booking target of ₹32,500 crore for the 2025–26 fiscal year, with sales bookings growing by 25% to ₹24,008 crore in the first nine months. Customer collections also increased by 19%, and project completions are on track to exceed the annual target of 10 million sq ft.
Additionally, the developer has acquired 12 land parcels with a combined saleable area exceeding 22 million sq ft, underlining continued confidence in long-term opportunities.
Real Estate Sector Impact
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Demand Sustainability: Continued interest from homebuyers suggests robust demand fundamentals.
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Price Stability: Price growth is stable, avoiding sharp corrections while supporting sales value.
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Geographic Reach: Growth beyond top cities into tier-II markets indicates widened homebuyer base.
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Developer Confidence: Land acquisitions and sales guidance indicate developers are optimistic about future growth.
Market analysts note that while housing sales volumes trended lower in some cities during 2025, overall sales values rose due to price appreciation, reflecting market resilience.
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