Godrej Evergreen Square in Hinjewadi Pune: Rs 1,000 Crore Sales and Market Optimism
Godrej Properties has achieved a significant milestone by selling residential properties worth Rs 1,000 crore in its Hinjewadi, Pune project, Godrej Evergreen Square. Despite a 1% decline in its share price, the company remains optimistic about the real e
Godrej PropertiesPune Real EstateGodrej Evergreen SquareHinjewadiIndian Real Estate MarketReal Estate PuneFeb 27, 2025
The company's share price was down by nearly one percent during early trades, primarily due to the bearish market sentiment.
Despite this, Godrej Properties has announced impressive sales figures for its project, Godrej Evergreen Square in Hinjewadi, Pune, which has generated significant market interest.
The project, launched in November 2024, has already achieved sales worth Rs 1,000 crore, making it Godrej Properties' most successful launch in Pune to date.
With 1,398 units sold and a total area of 1.23 million square feet transacted, the development has attracted a diverse range of homebuyers and investors.
### 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.
These achievements highlight the strong demand for premium housing in Hinjewadi, a rapidly growing residential and commercial hub in Pune.
### 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.
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.
### 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.
The project has a total developable area of 2.41 million square feet and 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
“We have received an overwhelming response from customers for Godrej Evergreen Square.
This project represents our commitment to delivering high-quality residential developments in Pune, and the sales momentum reaffirms the confidence buyers have in the Godrej brand.”
### Godrej Properties A Market Leader in Indian Real Estate
Godrej Properties continues to expand its footprint in key metropolitan regions, reinforcing its position as one of India’s top real estate developers.
The company’s primary real estate markets include Delhi-NCR, Mumbai Metropolitan Region (MMR), Pune, and Bengaluru.
Godrej Properties has consistently delivered high-value residential, commercial, and mixed-use developments across these regions.
### Bottomline Real Estate Remains in High Demand in Select Cities Across India
The record-breaking sales of Godrej Evergreen Square reflect the strong demand for high-quality residential projects in Pune.
With Rs 1,000 crore in sales already secured, the project is poised for continued success, reinforcing Godrej Properties’ dominance in India’s real estate sector.
As Pune continues to attract homebuyers and investors, developments like Evergreen Square will play a crucial role in shaping the city's modern residential landscape.
This project’s success is a testament to Godrej Properties’ ability to deliver value-driven, high-quality housing solutions that cater to India’s evolving real estate market.
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.
How much revenue is expected from Godrej Evergreen Square?
Godrej Evergreen Square is expected to generate Rs 2,045 crore in total revenue.
What makes Hinjewadi a desirable location for real estate investment?
Hinjewadi is a key IT and business district in Pune with excellent connectivity to major highways, business hubs, and commercial centers, making it a highly desirable investment destination.
What is the key factor behind the success of Godrej Evergreen Square?
The key factors behind the success of Godrej Evergreen Square include its prime location, brand trust, and the growing demand for high-quality housing in Pune.
Who is the MD & CEO of Godrej Properties?
The MD & CEO of Godrej Properties is Gaurav Pandey.
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