Godrej Properties Ltd (GPL) has bought residential stock price over ₹1,000 crore at its Godrej Evergreen Sq. venture in Hinjewadi, Pune, the corporate introduced as we speak. The Mumbai-based developer bought 1,398 properties with a complete space of roughly 1.23 million sq. ft.
The shares of Godrej Properties Ltd (GPL) have been buying and selling at ₹1,996.70 up by ₹9.65 or 0.49 per cent on the NSE as we speak at 10.15 am.
Launched in November 2024, simply 4 months after buying the land, Evergreen Sq. has turn into GPL’s most profitable venture launch in Pune up to now by way of each gross sales worth and quantity. The venture has a developable potential of roughly 2.41 million sq. ft, with an estimated income potential of round ₹2,045 crore.
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Situated in Hinjewadi, the venture advantages from proximity to established infrastructure together with colleges, healthcare amenities, stores, and leisure venues. The world presents connectivity to main highways and can be served by a metro station simply two minutes away from the event.
“This has now turn into the all time launch in Pune residential actual property,” mentioned Gaurav Pandey, MD & CEO of Godrej Properties, within the firm assertion.
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Godrej Properties, a part of the 128-year-old Godrej Industries Group, was ranked as the biggest developer in India by worth of residential gross sales for FY 2024 and has obtained quite a few business recognitions for its sustainability practices.
