Realty stocks in focus: Godrej Properties jump 2.5% as FY26 bookings rose 16% YoY to ₹34,171 crore, Prestige Estates soars 2%

Godrej Properties and Prestige Estates Projects are in focus today after these real estate firms announced key business updates.

Godrej Properties shares rose over 2.5% in early morning trades with a day high of ₹1,743.90 apiece on NSE.

Godrej Properties reported strong business numbers for the March quarter and FY26. In the March quarter, the company achieved its highest quarterly bookings at ₹10,163 crore, up 21% QoQ, driven by the sale of 4,791 units with a total area of 7.26 million sq. ft.

FY26 booking value grew 16% YoY to ₹34,171 crore. This was achieved through the sale of 17,515 units totalling 27 million sq. ft., representing a 5% YoY volume growth. As per the company, it has achieved the highest-ever full-year booking value and volume announced compared to any listed real estate developer in India to date. Through its robust business performance, the company was able to achieved 105% of its annual guidance for booking value for FY2026.

The company achieved its sales growth across diversified geographies, with key contributions from major residential markets: Mumbai Metropolitan Region MMR (₹10,313 crore), Bengaluru (₹8,802 crore), NCR (₹7,410 crore), Pune (₹3,659 crore), Hyderabad (₹2,360 crore) and Others ( ₹1,627 crore).

Q4FY26 collections stood at ₹7,947 crore, representing a 14% YoY growth and 86% QoQ growth. Meanwhile, FY26 collections stood at ₹19,965 crore, a rise of 17% YoY. Godrej Properties has achieved 95% of its FY26 annual guidance for collections. Direct construction spending of the company increased by 62% in FY26, while it delivered projects aggregating 12.1 million sq. ft. in FY26 and achieving 121% of guidance.

In FY26, Godrej Properties added 18 new projects with a total estimated booking value potential of ₹42,100 crore, which gives strong revenue visibility for the company in the coming years.

Another real estate Prestige Estates Projects announced a new joint venture with ABIL Group to develop a premium residential project in Mumbai through Aaramnagar Realty LLP. This new project spans across 6 acres and offers a total development potential of around 1.7 million square feet, with an estimated Gross Development Value (GDV) of over ₹9,000 crore.

Prestige Estates Projects shares rose over 2%, with a day high of ₹1,353.4 apeice following the announcement of a new real estate project.