1398 Homes Sold Already! Godrej Evergreen Square in Pune Hits a Milestone

Godrej Properties declared that it had sold more than Rs. 1,000 crore worth of inventory from its Godrej Evergreen Square project in Hinjewadi, Pune. In terms of the value and volume of sales attained, the project, which was started in November 2024, became the company's most successful launch in Pune within four months after purchasing the site.

An estimated 2.41 million square feet might be developed at Godrej Evergreen Square, with a potential revenue of about Rs. 2045 crore.

According to the company, Hinjewadi is a well-known residential area in Pune that offers easy access to a wealth of civic and social amenities, including a number of schools, medical facilities, shopping centers, and entertainment venues. The region offers excellent access to the Mumbai-Pune Expressway, Mumbai-Bangalore Highway, Metro, and other important areas of the city. Additionally, the area's connectivity will be improved by the installation of a metro line that runs from Hinjewadi to Shivaji Nagar, with a metro station only two minutes from the project.

Gaurav Pandey, MD & CEO, Godrej Properties, said, “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 reported its fiscal third quarter earnings earlier this month, showing a profit of Rs. 162.64 crore, up 161.19% year over year. For the reviewed quarter, it generated operating revenue of Rs. 968.88 crore, which was 193.21% higher than the previous year. According to the corporation, bookings, collections, operating cash flow, earnings, and deliveries reached their best levels ever in 2024.

With the sale of 4.07 million square feet of space, the total booking value in Q3FY25 was Rs. 5,446 crore, down 5% year over year but showing a 5% quarter-over-quarter increase.