Godrej Properties reported a 42% spike in net debt to ₹4,637 crore in Q1 FY26, driven by strategic land acquisitions worth ₹11,400 crore across Mumbai, Pune, Bengaluru, and Panipat markets.

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.

Godrej Properties plans over Rs 32,500 Cr in residential bookings for FY26, driven by Rs 40,000 Cr project launches and major land acquisitions across top cities.