Godrej Properties (GPL) said that it has sold inventory worth over Rs 1,000 crore at its project Godrej Evergreen Square, which is located in Hinjewadi, Pune.
Godrej Evergreen Square has a developable potential of nearly 2.41 million square feet with an estimated revenue potential of approximately Rs 2,045 crore.
The company has sold sold over 1,398 homes with a total area of nearly 1.23 million square feet in the project.
Hinjewadi is an established residential location in Pune that provides access to well-developed social and civic infrastructure with multiple schools, health facilities, retail malls, and entertainment outlets.
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.
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Godrej Properties is the real estate arm of the Godrej Group. It is a subsidiary of Godrej Industries, which holds 44.77% of the company's equity shares as of 31 December 2024. The company currently operates in various cities and focuses on residential, commercial, and township development.
On a consolidated basis, the real estate major's net profit surged 161% to Rs 163 crore while total income jumped 133% to Rs 1,222 crore in Q3 December 2024 over Q3 December 2023.
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