Godrej Properties share price was down by nearly one percent during early trades as overall markets sentiment is currently bearish. Godrej Properties announced that its project Godrej Evergreen Square in Hinjewadi Pune has witnessed strong demand and Godrej remains optimistic about real estate sector. Godrej Properties shares touched intraday high at Rs 2,002 but then declined. The stock touched low of Rs 1,956 by the time of publication of this report. The stock is close to its yearly lows as overall market sentiment is bearish and continued selling by bigger funds has led many stocks to their 52-week lows.

Godrej Properties Records Rs 1,000 Crore Sales in Pune’s Evergreen Square Project

Godrej Properties, one of India's premier real estate developers, has achieved a significant milestone by selling residential properties worth Rs 1,000 crore in its latest Pune-based project, Godrej Evergreen Square. This remarkable sales performance underscores the strong demand for premium housing in Hinjewadi, Pune, a rapidly growing residential and commercial hub.

The project, launched in November 2024, has become Godrej Properties’ most successful launch in Pune to date, both in terms of sales volume and value. With 1,398 units sold and a total area of 1.23 million square feet transacted, the development has attracted homebuyers looking for modern amenities and strategic location advantages.

Unprecedented Demand for Godrej Evergreen Square

1. Record Sales Performance

Within just a few months of its launch, Godrej Evergreen Square has generated over Rs 1,000 crore in sales, reflecting robust buyer interest.
The project has sold 1,398 residential units, covering a total area of 1.23 million square feet.
2. Most Successful Pune Launch

The sales figures make Godrej Evergreen Square the company’s most successful launch in Pune in terms of both revenue and unit sales.
The project’s strategic location in Hinjewadi, a key IT and business district, has fueled strong demand from both homebuyers and investors.

Project Scope and Revenue Potential

Godrej Evergreen Square is set to become a flagship residential development in Pune, offering a mix of premium apartments, lifestyle amenities, and green spaces.

With a total developable area of 2.41 million square feet, Godrej Evergreen Square is expected to generate Rs 2,045 crore in total revenue, reinforcing its strong long-term potential.
The successful early-phase sales indicate that the remaining inventory could be absorbed quickly, further accelerating project completion and financial returns.

What is Driving High Demand for This Project?

1. Prime Location in Pune’s IT Corridor

Hinjewadi is one of Pune’s fastest-growing real estate markets, home to IT parks, business districts, and a thriving residential community.
The area enjoys excellent connectivity to major highways, business hubs, and commercial centers, making it a highly desirable investment destination.
2. Brand Trust and Reputation

Godrej Properties has a strong track record in real estate development, with a reputation for quality construction and timely project execution.
Homebuyers associate Godrej-branded properties with reliability, premium amenities, and long-term value appreciation.
3. Shift in Housing Preferences

The demand for spacious, well-planned residential projects has risen post-pandemic, with buyers prioritizing comfort, amenities, and location.
Pune’s housing demand has been resilient, driven by its IT sector growth and increasing employment opportunities.

Leadership Insights on the Project’s Success

Gaurav Pandey, MD & CEO, Godrej Properties, expressed optimism about the project's performance:
"We have received an overwhelming response from customers for Godrej Evergreen Square. This project represents our commitment to delivering high-quality residential developments in Pune, and the sales momentum reaffirms the confidence buyers have in the Godrej brand."

Godrej Properties: A Market Leader in Indian Real Estate

Godrej Properties continues to expand its footprint in key metropolitan regions, reinforcing its position as one of India’s top real estate developers.

1. Presence in Major Indian Cities

Delhi-NCR, Mumbai Metropolitan Region (MMR), Pune, and Bengaluru are among the company’s primary real estate markets.
The company has consistently delivered high-value residential, commercial, and mixed-use developments across these regions.
2. Strong Financial Performance

Godrej Properties has maintained steady revenue growth, supported by high-value project launches and strong buyer demand.
With strategic land acquisitions and premium offerings, the company is well-positioned for future expansion.

Bottomline: Real Estate Remains in High Demand in Select Cities Across India

The record-breaking sales of Godrej Evergreen Square reflect the strong demand for high-quality residential projects in Pune. With Rs 1,000 crore in sales already secured, the project is poised for continued success, reinforcing Godrej Properties’ dominance in India’s real estate sector.

As Pune continues to attract homebuyers and investors, developments like Evergreen Square will play a crucial role in shaping the city's modern residential landscape. This project’s success is a testament to Godrej Properties’ ability to deliver value-driven, high-quality housing solutions that cater to India’s evolving real estate market.