Godrej Properties Sets New Benchmark with Record Sales in Pune
Godrej Properties has achieved unprecedented success with the launch of Godrej Evergreen Square, selling over 1,398 homes worth Rs 1,000 crore in Hinjewadi, Pune, in just four months.
Godrej PropertiesPune Real EstateGodrej Evergreen SquareResidential ProjectsReal Estate SalesReal Estate PuneFeb 27, 2025
The project was launched in November 2024 and within four months of acquiring the land, it has become the company’s most successful launch ever in Pune in terms of the value and volume of sales achieved.
Godrej Evergreen Square has the potential for a development of around 2.41 million square feet with an estimated revenue potential of approximately Rs 2045 crore.
The project is strategically located in Hinjewadi, an established residential area in Pune that provides access to well-developed social and civic infrastructure.
This includes multiple schools, health facilities, retail malls, and entertainment outlets.
The area offers good connectivity to the Mumbai-Bangalore Highway, Mumbai-Pune Expressway, and other major parts of the city.
Additionally, the introduction of a metro line connecting Hinjewadi to Shivaji Nagar, with a metro station just 2 minutes away from the project, will significantly enhance the area’s connectivity.
Gaurav Pandey, MD & CEO of Godrej Properties, expressed his delight with the overwhelming response to the project.
“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,” he said.
Earlier this month, Godrej Properties released its fiscal third quarter earnings report, which showed a profit of Rs 162.64 crore, up 161.19 per cent year-over-year (YoY).
The company reported revenue from operations for the quarter at Rs 968.88 crore, up 193.21 per cent YoY.
The calendar year 2024 saw the company achieve its highest ever bookings, collections, operating cash flow, earnings, and deliveries.
Total booking value in Q3FY25 stood at Rs 5,446 crore from the sale of 4.07 million sqft of area, down 5 per cent YoY but posting a growth of 5 per cent quarter-on-quarter.
Godrej Properties shares were down 0.06 per cent at 9 30 am at a trading price of Rs 1,985.00.
This remarkable performance underscores the company's strong market position and its commitment to delivering high-quality residential projects that meet the needs of modern homeowners.
Frequently Asked Questions
What is the total development potential of Godrej Evergreen Square?
Godrej Evergreen Square has the potential for a development of around 2.41 million square feet with an estimated revenue potential of approximately Rs 2045 crore.
What makes Hinjewadi an attractive location for residential projects?
Hinjewadi is an established residential area in Pune with well-developed social and civic infrastructure, including schools, health facilities, retail malls, and entertainment outlets. It also offers good connectivity to major highways and a new metro line, enhancing its appeal.
How has Godrej Properties performed financially in Q3FY25?
Godrej Properties reported a profit of Rs 162.64 crore, up 161.19 per cent YoY, and revenue from operations of Rs 968.88 crore, up 193.21 per cent YoY, in Q3FY25.
What is the strategic significance of the new metro line for Hinjewadi?
The introduction of a metro line connecting Hinjewadi to Shivaji Nagar, with a metro station just 2 minutes from Godrej Evergreen Square, will significantly enhance the area’s connectivity and convenience for residents.
What is the total booking value of Godrej Properties in Q3FY25?
The total booking value of Godrej Properties in Q3FY25 was Rs 5,446 crore from the sale of 4.07 million sqft of area.
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