Godrej Properties shares fell 16% in three months on weak bookings, but analysts project up to 90% upside driven by aggressive launches and strategic land acquisitions across Mumbai, Pune, Bengaluru and NCR markets.

Leading Indian real estate developers including Godrej Properties, DLF, and Sobha have witnessed stock price declines of up to 40 percent over the past year due to rising interest rates, softening demand, and regulatory challenges, according to a Trade Brains report.

Executive Chairperson Pirojsha Godrej has expressed confidence that the leading real estate developer remains well-positioned to meet or potentially exceed its ambitious sales booking target for the current financial year, despite experiencing an 18% drop in first-quarter pre-sales.