Godrej Evergreen Square in Hinjewadi, Pune: A Real Estate Triumph
Godrej Properties, a leading real estate developer in India, has achieved a significant milestone by selling residential properties worth Rs 1,000 crore in its Godrej Evergreen Square project in Hinjewadi, Pune. Despite a slight decline in the company's s
Real EstateGodrej PropertiesPuneHinjewadiProperty SalesReal Estate PuneFeb 27, 2025
This remarkable sales performance underscores the strong demand for premium housing in Hinjewadi, Pune, a rapidly growing residential and commercial hub.
The project, launched in November 2024, has become Godrej Properties’ most successful launch in Pune to date, both in terms of sales volume and value.
With 1,398 units sold and a total area of 1.23 million square feet transacted, the development has attracted homebuyers looking for modern amenities and strategic location advantages.
Unprecedented Demand for Godrej Evergreen Square
1.
Record Sales Performance
Within just a few months of its launch, Godrej Evergreen Square has generated over Rs 1,000 crore in sales, reflecting robust buyer interest.
The project has sold 1,398 residential units, covering a total area of 1.23 million square feet.
2.
Most Successful Pune Launch
The sales figures make Godrej Evergreen Square the company’s most successful launch in Pune in terms of both revenue and unit sales.
The project’s strategic location in Hinjewadi, a key IT and business district, has fueled strong demand from both homebuyers and investors.
Project Scope and Revenue Potential
Godrej Evergreen Square is set to become a flagship residential development in Pune, offering a mix of premium apartments, lifestyle amenities, and green spaces.
Project Details
- Total Developable Area 2.41 million sq.
ft.
(24.1 lakh sq.
ft.)
- Estimated Revenue Potential Rs 2,045 crore
- Current Sales Achieved Rs 1,000 crore
- Units Sold 1,398
With a total developable area of 2.41 million square feet, Godrej Evergreen Square is expected to generate Rs 2,045 crore in total revenue, reinforcing its strong long-term potential.
The successful early-phase sales indicate that the remaining inventory could be absorbed quickly, further accelerating project completion and financial returns.
What is Driving High Demand for This Project?
1.
Prime Location in Pune’s IT Corridor
Hinjewadi is one of Pune’s fastest-growing real estate markets, home to IT parks, business districts, and a thriving residential community.
The area enjoys excellent connectivity to major highways, business hubs, and commercial centers, making it a highly desirable investment destination.
2.
Brand Trust and Reputation
Godrej Properties has a strong track record in real estate development, with a reputation for quality construction and timely project execution.
Homebuyers associate Godrej-branded properties with reliability, premium amenities, and long-term value appreciation.
3.
Shift in Housing Preferences
The demand for spacious, well-planned residential projects has risen post-pandemic, with buyers prioritizing comfort, amenities, and location.
Pune’s housing demand has been resilient, driven by its IT sector growth and increasing employment opportunities.
Leadership Insights on the Project’s Success
Gaurav Pandey, MD & CEO, Godrej Properties, expressed optimism about the project's performance
Frequently Asked Questions
What is the total developable area of Godrej Evergreen Square?
The total developable area of Godrej Evergreen Square is 2.41 million square feet (24.1 lakh sq. ft.).
How much revenue has Godrej Evergreen Square generated so far?
Godrej Evergreen Square has generated sales worth Rs 1,000 crore so far.
What is the estimated revenue potential of Godrej Evergreen Square?
The estimated revenue potential of Godrej Evergreen Square is Rs 2,045 crore.
What is the current status of Godrej Properties' share price?
Godrej Properties' share price was down by nearly one percent during early trades, touching a low of Rs 1,956 by the time of publication.
What factors are driving the demand for Godrej Evergreen Square?
The demand for Godrej Evergreen Square is driven by its prime location in Pune’s IT corridor, the strong brand reputation of Godrej Properties, and the shift in housing preferences toward spacious, well-planned residential projects.
Related News Articles
Sharad Pawar Aims to Take Control of Maharashtra with NCP's Win in Upcoming State Assembly Elections
After performing well in the recent Lok Sabha polls, Sharad Pawar's Nationalist Congress Party sets its sights on winning the upcoming state assembly elections in Maharashtra.
Penny Stock Under Re 1: Maharashtra Corporation Completes Land Registration for Ahmedabad Project
Maharashtra Corporation Ltd announces completion of land registration for its commercial project in Ahmedabad, a city experiencing robust growth in real estate.
FPCE Challenges MahaRERA's Move to Create Forum for Builder-Buyer Disputes
Homebuyers' association FPCE has questioned Maharashtra real estate regulator MahaRERA's decision to constitute and be part of a conciliation forum to settle disputes between builders and customers.
Shilpa Shetty and Raj Kundra's Legal Battle: Eviction Saga in the Spotlight
The Bombay High Court has paused enforcement of eviction notices against Shilpa Shetty and Raj Kundra, pending review of their property attachment order. The couple contests the eviction, calling it arbitrary and illegal, amid an ED inquiry into a Bitcoin
Chandru Raheja: The 83-Year-Old Real Estate Mogul Shaping India's Market
Chandru Raheja, one of India's most prominent real estate magnates, has built a multi-billion-dollar empire over his long and illustrious career. Despite his advanced age, he continues to be a driving force in the Indian real estate sector.
I-T Department Targets High Rollers with Luxury Lifestyles and Low Bank Statements
The Income Tax (I-T) Department in Mumbai has launched a crackdown on individuals who flaunt lavish lifestyles while showing minimal bank transactions. This initiative aims to uncover potential tax evasion and ensure fair financial practices in the real e