Godrej Properties Shines with Rs 1,000 Crore Sales in Pune's Godrej Evergreen Square
Godrej Properties (GPL) has achieved an impressive Rs 1,000 crore in sales from the launch of its new project, Godrej Evergreen Square in Pune. This milestone sets a new record in the city's residential real estate market. The company's stocks are expecte
Godrej PropertiesPune Real EstateGodrej Evergreen SquareResidential ProjectStock PerformanceReal Estate PuneFeb 27, 2025
The project, launched in November 2024, has seen the sale of more than 1,398 homes, covering a total area of 1.23 million square feet within just a few months of acquiring the land.
This success marks GPL’s best-ever launch in Pune in terms of both value and volume of sales achieved.
The development potential of Godrej Evergreen Square is estimated at 2.41 million square feet, with an anticipated revenue potential of approximately Rs 2,045 crore.
This project significantly enhances Godrej Properties’ presence in the western suburbs of Pune, one of the fastest-growing residential and commercial areas in the city.
In a regulatory filing, Godrej Properties stated, “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,” said Gaurav Pandey, MD & CEO of Godrej Properties, while commenting on the occasion.
Despite the positive news, the shares of Godrej Properties closed 2.23% lower at Rs 1,986.20 on the BSE on Tuesday, reflecting the overall market volatility.
However, the significant sales figures are expected to boost investor confidence and potentially lead to a rebound in the company’s stock performance.
Godrej Evergreen Square is designed to offer a premium living experience, with amenities that cater to the modern lifestyle.
The project includes state-of-the-art residential towers, landscaped gardens, and a range of recreational facilities, making it an attractive option for homebuyers in the region.
The success of this launch underscores the strong demand for high-quality residential properties in Pune and further cements Godrej Properties’ position as a leading developer in the Indian real estate market.
Investors and market analysts are closely watching the performance of Godrej Properties in the wake of this achievement.
The project’s strong sales figures and the company’s robust portfolio are expected to attract more attention from both retail and institutional investors.
The next few months will be crucial for Godrej Properties as it continues to focus on delivering high-quality projects and maintaining its growth trajectory in the highly competitive real estate sector.
In conclusion, Godrej Properties’ achievement of Rs 1,000 crore in sales from the Godrej Evergreen Square project is a significant milestone that highlights the company’s expertise and market leadership.
As the real estate market continues to evolve, Godrej Properties is well-positioned to capitalize on new opportunities and deliver value to its stakeholders.
Frequently Asked Questions
What is the total estimated revenue potential of Godrej Evergreen Square?
The estimated revenue potential of Godrej Evergreen Square is approximately Rs 2,045 crore based on current assumptions.
How many homes were sold in the Godrej Evergreen Square project?
Over 1,398 homes were sold in the Godrej Evergreen Square project.
When was the Godrej Evergreen Square project launched?
The Godrej Evergreen Square project was launched in November 2024.
What is the total developable potential of Godrej Evergreen Square?
The total developable potential of Godrej Evergreen Square is 2.41 million square feet.
Who is the MD & CEO of Godrej Properties?
Gaurav Pandey is the MD & CEO of Godrej Properties.
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