Godrej Properties’ Net Debt Jumps 42% to ₹4,637 Cr in Q1; Firm Targets ₹20,000 Cr New Projects This Fiscal

The net loan of Godrej Properties, a real estate firm, rose by 42 percent to Rs 4,637 crore during the first quarter of the current fiscal. The firm is taking the loan so that it will be able to initiate new large-scale projects in order to cater to the growing need for homes. The overall debt of the firm stood at Rs 3,269 crore as of March-end 2025.

Gaurav Pandey, MD and CEO of Godrej Properties, has stated that the company has put a cap on its debt, which is Rs 10,000 crore. This indicates that they have a lot of room to incur more debt.

In a conference call with analysts, Godrej Properties MD and CEO Pandey said, "From the loan point of view, we have set the maximum limit of total debt at Rs 10,000 crore. We still have a lot of scope and even if we go to this limit, our ratio will only be around 0.5 or a little more than that."

He said, "We have no shortage of money. We are also getting money from work and if needed, we can also take a little more loan."

Pandey said, "How much our debt will be this year will depend on how much more land we are able to buy than the target of Rs 20,000 crore." The company has been showing great speed in buying land for new big projects for the last few years.

This year, i.e. for the financial year 2025-26, the company has set a target of starting a new residential project worth Rs 20,000 crore. In the first quarter of the current financial year, the company has bought five new lands in Mumbai, Pune, Bengaluru and Panipat. 

Godrej Industries is part of the Godrej Group. This group was started by Ardeshir Godrej in 1897, 50 years before independence. Today its business has spread in many sectors. Is.