New Delhi, Aug. 4 -- Godrej Properties Ltd is targeting pre-sales, or bookings, of Rs.32,500 crore for FY26, implying 10% year-on-year growth. But after an 18% year-on-year drop in pre-sales during the June quarter (Q1FY26) to Rs.7,082 crore, investors may question whether the goal is ambitious.

Lower sales from existing projects in the National Capital Region (NCR) and last year's high base led the decline. Godrej launched six new projects/phases in Q1, compared to eight a year ago.

New projects-Godrej MSR City and Godrej Tiara in Bengaluru, and Godrej Majesty in Noida-together accounted for over half of Q1 pre-sales. The company has a strong pipeline for FY26, including upcoming projects in Gurugram, Greater Noida, and Worli, and has ...