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
Anarock Predicts 40% Revenue Growth in FY25 Driven by Strong Housing Demand
Anarock, a leading real estate consultancy firm, expects a significant 40% revenue growth in the fiscal year 2025, primarily driven by robust housing demand. According to Chairman Puri, the company has been successful in identifying and addressing key cha
Real Estate Construction Costs Surge by 11% in 2024, Primarily Due to Rising Labour and Material Costs
Despite a relatively modest increase in the prices of key construction materials, the overall cost of real estate construction has surged by 11% in 2024, primarily driven by rising labour costs.
Shaan Acquires Prime Pune Property for Rs 100 Million with Square Yards
Shaan, a prominent name in the real estate market, has made a significant investment by purchasing a prime property in Pune for Rs 100 million through Square Yards, a leading real estate platform. The acquisition is set to bolster Shaan's portfolio and enhance its presence in the Maharashtra real estate market.
Realty Stock with Impressive Revenue Guidance of ₹27,000 Cr for FY25 to Watch
This growth strategy highlights the company's commitment to scaling operations, tapping new markets, and driving sustained performance in the real estate sector...
SEBI Mulls 7 Proposals to Curb F&O Trading Risks for Small Investors
SEBI's expert group discusses proposals to protect small investors from risks in index and stock option trading, including rationalization of weekly options and strike prices.
ED Seizes Rs 115.86 Crore Assets in National Spot Exchange Money Laundering Case
The Enforcement Directorate (ED) has attached Rs 115.86 crore worth of assets, including 15 immovable properties in Mumbai, Delhi, and Rajasthan, as part of their investigation into the money laundering case related to the National Spot Exchange. The seized assets also include real estate and the repayment of outstanding debts.