Godrej Properties emerged as the coutry’s largest listed residential real estate developer in 2025 for the second consecutive year, the infra major said on Thursday.

The development came on the back of strong metrics including a 19% year-on-year rise in booking value in the year 2025 at Rs 34,171 crores, which represented a compound annual growth rate (CAGR) of about 44% between calendar year 2022 to 2025, the real estate firm said in a statement.

Moreover, its collections for the year grew 28% to Rs 18,979 crores, leading into a three-year CAGR of 35%.

India’s residential real estate market is projected to expand sharply over the next five years, with its size estimated at USD 438.54 billion in 2026 and expected to reach USD 702.43 billion by 2031, growing at a CAGR of 9.88% over 2026 to 2031, data from Mordor Intelligence showed.

The growth is being driven by improving affordability following a cumulative 125 basis point interest rate cut cycle, incentives for green housing announced in the Union Budget, and a structural shift in demand as IT services and Global Capability Centers increasingly expand operations in Tier-2 cities, the report said.

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The Godrej Group company said it reported booking value of over Rs 7,000 crores in each of the four quarters in 2025.

“This performance was driven by a broad and diversified portfolio, with 11 individual projects each generating booking value in excess of Rs 1,000 crore during the year,” Godrej Properties said.