Godrej Evergreen Square: Pune's Most Successful Residential Launch
Godrej Properties Ltd. (GPL) has achieved remarkable success with its recently-launched residential project, Godrej Evergreen Square in Hinjewadi, Pune. The project has sold over 1,398 homes worth ₹1,000 crore, making it the best-ever residential launch i
Godrej PropertiesReal EstatePuneResidential ProjectHinjewadiReal Estate PuneFeb 27, 2025
(GPL) has announced the successful launch of its latest residential project, Godrej Evergreen Square in Hinjewadi, Pune.
Launched in November 2024, just four months after acquiring the land, the project has already sold over 1,398 homes worth ₹1,000 crore.
This milestone makes it GPL’s most successful residential launch in Pune, both in terms of sales value and volume.
The project spans 1.23 million square feet of sold inventory, as stated in a regulatory filing to the stock exchanges.
With a developable potential of 2.41 million square feet and an estimated revenue potential of ₹2,045 crore, Godrej Evergreen Square is one of GPL’s largest residential developments in the region.
Hinjewadi, a well-established residential and commercial hub, offers access to top-tier schools, healthcare facilities, retail malls, and entertainment centers.
The area enjoys excellent connectivity to the Mumbai-Bangalore Highway and the Mumbai-Pune Expressway, making it an attractive location for homebuyers.
The upcoming metro line connecting Hinjewadi to Shivaji Nagar, with a station just two minutes from the project, is set to significantly reduce commute times, further enhancing the project's appeal.
Frequently Asked Questions
What is Godrej Evergreen Square?
Godrej Evergreen Square is a residential project launched by Godrej Properties Ltd. in Hinjewadi, Pune. It is one of the largest residential developments in the region, with a developable potential of 2.41 million square feet and an estimated revenue potential of ₹2,045 crore.
How successful has Godrej Evergreen Square been in terms of sales?
Godrej Evergreen Square has sold over 1,398 homes worth ₹1,000 crore, making it the most successful residential launch in Pune both in terms of sales value and volume.
What are the key features of Hinjewadi, the location of Godrej Evergreen Square?
Hinjewadi is a well-established residential and commercial hub offering access to top-tier schools, healthcare facilities, retail malls, and entertainment centers. It is well-connected to the Mumbai-Bangalore Highway and the Mumbai-Pune Expressway, and the upcoming metro line will further enhance its connectivity.
What are Godrej Properties' financial targets for FY25?
Godrej Properties is on track to exceed its FY25 bookings target of ₹27,000 crore. The company has already achieved 71% of its annual booking value guidance for the fiscal year.
What is the current share price of Godrej Properties?
As of the announcement, shares of Godrej Properties were trading nearly flat, down by 0.54% at ₹1,075.40 on the BSE around 11 am.
Related News Articles
What's Next for Real Estate? Expectations from the New Government
The real estate sector is hoping for a boost from the new government, with fine-tuning of RERA, industry status, and a relook at GST on under-construction homes topping the agenda.
Improving Response to Surveys from High-Income Groups: A Collaborative Effort
The Ministry of Statistics & Programme Implementation (MoSPI) recently organized a brainstorming session to improve response to surveys from high-income groups and gated societies.
Mahesh Jethmalani on Adani Case: No Allegation of Bribery in India
Senior lawyer and former Rajya Sabha MP Mahesh Jethmalani has strongly criticized the indictment against the Adani Group in the United States, stating that there is no allegation of bribery in India and the case is speculative and lacks evidence.
Analysts Bullish on HUDCO, Anant Raj, and Other Top Stocks for 2023
Analysts are optimistic about the future performance of HUDCO, Anant Raj, and other key stocks in the real estate and manufacturing sectors. The target price for HUDCO is set at Rs 900 to Rs 950 per share, expected to be achieved within the next 12-18 mon
Vishal Garg Shuts Down and Lays Off Better.com's Real Estate Unit
Vishal Garg, the founder and CEO of Better.com, has announced the shutdown of the company's real estate unit, leading to significant layoffs. This decision comes amidst a challenging period for the mortgage industry.
Mumbai Real Estate Market Shows Signs of Stability and Growth
The Mumbai real estate market is entering a phase of stability, a positive sign for developers, investors, and homebuyers alike. According to Prashant Sharma, President of NAREDCO Maharashtra, the market is showing promising signs of recovery and growth.