On February 27, 2025, Godrej Properties Ltd. announced a significant achievement in the real estate market with the successful sale of over 1,398 homes valued at ₹1,000 crore in their newly launched project, Godrej Evergreen Square, located in Hinjewadi, Pune. This project was launched in November 2024 and has quickly become the company’s most successful residential launch in Pune based on both sales value and volume.
Project Overview
The Godrej Evergreen Square project spans a total area of approximately 1.23 million square feet that has already been sold. The overall development potential of this project is estimated at around 2.41 million square feet, with an anticipated revenue potential of approximately ₹2,045 crore. This indicates a robust demand for housing in the area and reflects positively on the company’s strategic planning and execution.
Location Benefits
Hinjewadi is recognized as a well-established residential and commercial hub within Pune. It boasts access to essential social infrastructure including schools, healthcare facilities, retail malls, and entertainment outlets. The connectivity offered by major roadways such as the Mumbai-Bangalore Highway and the Mumbai-Pune Expressway enhances its appeal to potential homeowners. Additionally, an upcoming metro line connecting Hinjewadi to Shivaji Nagar will further improve accessibility to other parts of the city.
Market Context
The success of Godrej Properties Pune comes amid a mixed performance in Pune’s residential real estate market. While there was a reported decline in overall home sales across the city—dropping from 94,850 apartments sold in 2023 to 90,127 apartments sold in 2024—the strong performance of this particular project suggests that certain developments can still thrive despite broader market challenges.
Company Statements
Gaurav Pandey, Managing Director & CEO of Godrej Properties, expressed satisfaction with the response to Godrej Evergreen Square and emphasized their commitment to providing an outstanding living experience for residents. This sentiment underscores the importance of customer trust and stakeholder confidence in driving sales success.
Godrej Properties Pune News
Godrej Properties Pune News’ ability to sell over ₹1,000 crore worth of homes within just four months after launching Godrej Evergreen Square highlights not only effective marketing strategies but also reflects strong consumer demand for quality housing options in well-connected areas like Hinjewadi.
