Godrej Properties Achieves Record-Breaking Sales of Over ₹1,000 Crore at Godrej Evergreen Square in Pune

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In a remarkable achievement, Godrej Properties Ltd. has announced that its latest residential project, Godrej Evergreen Square, located in the bustling suburb of Hinjewadi, Pune, has surpassed sales of over ₹1,000 crore. Launched in November 2024, this milestone was reached within just four months, marking it as the company's most successful launch in Pune to date.

A Landmark Achievement in Pune's Real Estate Market

Godrej Evergreen Square stands as a testament to the company's commitment to delivering exceptional residential spaces. The project encompasses approximately 2.41 million square feet of developable area, with an estimated total revenue potential of ₹2,045 crore. The swift sales of over 1,398 units, covering 1.23 million square feet, underscore the strong demand and trust that homebuyers place in the Godrej brand.

Gaurav Pandey, Managing Director and CEO of Godrej Properties, expressed his gratitude, stating, "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 extend our heartfelt gratitude to our customers and 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."

Strategic Location Enhancing Appeal

Hinjewadi, situated in Pune's western corridor, has rapidly evolved into a sought-after residential and commercial hub. Known primarily for its expansive IT parks and business centers, the area offers residents a blend of professional opportunities and lifestyle amenities.

Godrej Evergreen Square benefits from its proximity to well-established social and civic infrastructure, including reputable educational institutions, healthcare facilities, retail malls, and entertainment centers. The project's connectivity is further enhanced by its closeness to major thoroughfares such as the Mumbai-Bangalore Highway and the Mumbai-Pune Expressway. Additionally, the upcoming metro line connecting Hinjewadi to Shivaji Nagar, with a station just two minutes away from the project, is poised to significantly boost accessibility and convenience for residents.

Reflecting on Financial Milestones

The success of Godrej Evergreen Square is a reflection of Godrej Properties' robust performance in the real estate sector. In the fiscal third quarter ending December 2024, the company reported a profit of ₹162.64 crore, marking a substantial 161.19% increase year-on-year. Revenue from operations stood at ₹968.88 crore, up 193.21% compared to the same period the previous year. These figures highlight the company's strategic acumen and its ability to meet market demands effectively.

The total booking value for Q3 FY25 was reported at ₹5,446 crore from the sale of 4.07 million square feet of area, indicating a 5% growth quarter-on-quarter. This consistent upward trajectory showcases the company's resilience and adaptability in a dynamic market.

The Road Ahead: Commitment to Excellence

The overwhelming response to Godrej Evergreen Square not only reinforces Godrej Properties' position as a leading real estate developer but also sets a new benchmark for residential projects in Pune. The company's focus on strategic locations, superior design, and customer-centric approach continues to drive its success.

As the real estate landscape evolves, Godrej Properties remains committed to delivering projects that resonate with the aspirations of modern homebuyers. The success of Godrej Evergreen Square is a testament to this commitment, promising residents not just a home, but a holistic living experience enriched with convenience, connectivity, and contemporary amenities.