Godrej Properties' Evergreen Square Project in Pune Reaches ₹1,000 Crore Sales Milestone
Godrej Properties has achieved a significant milestone with its Evergreen Square housing project in Hinjawadi, Pune, selling inventory worth over ₹1,000 crore. The project, launched in November 2024, highlights the company's strong presence in Pune's resi
Godrej PropertiesEvergreen SquareHinjawadiPune Real EstateResidential DevelopmentReal Estate PuneFeb 27, 2025
The project was announced on November 13, 2024, approximately four months after the land acquisition, and has a potential revenue of ₹2,045 crore for the company.
Evergreen Square stands as Godrej Properties' most successful project launch by volume and sales value in Pune to date.
The project boasts a total development potential of about 2.41 million square feet, making it the largest addition to Godrej Properties' residential portfolio.
Godrej Properties Managing Director & CEO, Gaurav Pandey, expressed gratitude to customers and stakeholders for their trust and confidence in the company.
He emphasized the significance of the project in strengthening Godrej Properties' leadership position in Pune’s residential real estate market.
Hinjawadi, one of the important IT and technology hubs in Pune, is home to multiple technology service companies, making it an ideal area for residential development.
The Evergreen Square project promises exceptional connectivity, with Pune Metro Line 3 significantly reducing travel time across the city.
Additionally, the project is well-connected to major highways such as the Mumbai-Bengaluru Highway and the Mumbai-Pune Expressway, facilitating easy transit for residents.
Godrej Properties has a strong presence in Pune’s residential real estate market, focusing primarily on the mid-to-premium segment while also offering some projects in the high-value category.
The company's success in Hinjawadi is a testament to the area's strong employment base, well-developed infrastructure, and high demand for quality housing.
Many national and local developers have initiated large-scale projects in Hinjawadi, further solidifying the region's appeal.
The Evergreen Square project’s success underscores Godrej Properties’ leadership in Pune’s residential real estate space and showcases the company’s ability to deliver value-accretive projects in pivotal micro-markets.
As of February 27, 2025, shares of Godrej Properties were trading at ₹1,978.90, a 0.41% dip from the previous close.
The stock has experienced a 20% dip over the last year and a 5.58% dip over the last month, reflecting the broader market trends and investor sentiment.
Frequently Asked Questions
What is the total development potential of the Evergreen Square project?
The Evergreen Square project has a total development potential of about 2.41 million square feet.
When was the Evergreen Square project announced?
The Evergreen Square project was announced on November 13, 2024.
What is the potential revenue for Godrej Properties from the Evergreen Square project?
The potential revenue for Godrej Properties from the Evergreen Square project is ₹2,045 crore.
What are the key features of the Evergreen Square project that make it attractive for residents?
The project offers excellent connectivity with Pune Metro Line 3 and is well-connected to major highways such as the Mumbai-Bengaluru Highway and the Mumbai-Pune Expressway, making it easier for residents to transit.
What segments of the market does Godrej Properties focus on in Pune?
Godrej Properties focuses primarily on the mid-to-premium segment in Pune’s residential real estate market, while also offering some projects in the high-value category.
Related News Articles
2 BHK Flats in Mumbai: Ideal Homes for Young Couples
2 BHK flats in Mumbai have become a preferred choice for young couples due to their affordability, practicality, and proximity to urban amenities. This article explores why these properties are an excellent investment opportunity.
MahaRERA Suspends 1,950 Real Estate Projects for Non-Compliance
To safeguard homebuyers' interests, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has suspended the registration of 1,950 real estate projects for non-compliance with regulations.
Union Budget 2024: Boosting Real Estate Growth through Urbanisation and Infrastructure Development
Real estate industry leaders applaud Budget 2024's focus on urbanisation, infrastructure development, and women's empowerment, expecting growth in the sector.
Godrej Properties Aims to Build ₹9,650 Crore Worth of Housing Projects
Godrej Properties plans to invest ₹9,650 crore in new housing projects, driven by robust market demand and a strategic expansion plan.
Gargi by PNGS Expands with New Stores in Pune and Delhi
Pune, 6/1/24: Gargi by P N Gadgil & Sons (PNGS), a renowned name in the fashion jewellery industry, has announced the opening of two new franchise stores in Pimple Saudagar, Pune, and Kapil Vihar, Pitampura, Delhi. These new additions highlight the brand’
Godrej Properties Sets New Benchmark with Rs 10 Billion in Luxury Home Sales in Gurugram
Godrej Properties, a leading player in India's real estate market, has achieved a remarkable milestone by selling luxury homes worth Rs 10 billion in Gurugram, highlighting the ongoing demand for premium residential properties.