Godrej Properties Achieves Record Sales of Rs 1000 Crore in Pune
Godrej Properties Ltd (GPL) has registered a milestone sale of homes worth over Rs 1000 Crore at the launch of its project, Godrej Evergreen Square, in Hinjewadi, Pune. The project has a developable potential of 2.41 million square feet and an estimated r
Real EstateGodrej PropertiesPuneGodrej Evergreen SquareResidential DevelopmentReal Estate PuneFeb 27, 2025
Launched in November 2024, just four months after acquiring the land, this is GPL’s most successful launch ever in Pune in terms of the value and volume of sales achieved.
Godrej Evergreen Square has a developable potential of 2.41 million square feet with an estimated revenue potential of approximately Rs 2045 crore.
This significant project enhances GPL’s robust presence in the western suburbs of Pune, solidifying its position as a leading real estate player.
Hinjewadi, the location of the project, is an established residential area in Pune that offers well-developed social and civic infrastructure, including multiple schools, health facilities, retail malls, and entertainment outlets.
The area is well-connected to the Mumbai-Bangalore Highway, Mumbai-Pune Expressway, and other major parts of the city.
An upcoming metro line connecting Hinjewadi to Shivaji Nagar, with a metro station just 2 minutes away from the project, will significantly reduce travel time and enhance the area's connectivity, making daily commuting more convenient.
Gaurav Pandey, MD & CEO of Godrej Properties, expressed his delight with the project’s success “We are delighted with the response to our project, Godrej Evergreen Square.
This has now become the best-ever launch in Pune residential real estate.
We’d like to take this opportunity to sincerely thank our customers and all stakeholders for their trust and confidence in Godrej Properties.
We will do our best to ensure Godrej Evergreen Square offers its residents an outstanding living experience.”
Godrej Properties Limited (GPL) is the real estate development arm of the Godrej Group, which was established in 1897 and is today one of India’s most successful conglomerates.
Godrej Properties brings the Godrej Group philosophy of innovation, sustainability, and excellence to the real estate industry.
With a market capitalization of Rs 60,224 crore and a PE ratio of 40.6x, the company trades at a premium compared to the industry PE of 29.2x.
Investors should keep an eye on this Large-Cap stock as the company continues to demonstrate strong performance and growth potential.
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 estimated from Godrej Evergreen Square?
The estimated revenue potential from Godrej Evergreen Square is approximately Rs 2045 crore.
When was Godrej Evergreen Square launched?
Godrej Evergreen Square was launched in November 2024.
What are the key features of Hinjewadi, the location of Godrej Evergreen Square?
Hinjewadi is an established residential area in Pune with well-developed social and civic infrastructure, including multiple schools, health facilities, retail malls, and entertainment outlets. It also offers good connectivity to major highways and an upcoming metro line.
Who is the CEO of Godrej Properties, and what did they say about the project's success?
Gaurav Pandey, MD & CEO of Godrej Properties, expressed delight with the response to Godrej Evergreen Square and emphasized the company's commitment to providing an outstanding living experience for its residents.
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.