Real Estate Developer sells homes worth over Rs 1,000 Crore at the launch of its project in Pune; Estimate Revenue of Rs 2045 Crore
The company has a market cap of Rs 60,224 crore with a PE of 40.6x, and the industry PE is trading at 29.2x, showing premium valuations.
Godrej Properties Ltd (GPL) one of India’s leading real estate developers, today announced that it has sold inventory worth over Rs 1,000 Crores in its project, Godrej Evergreen Square, located in Hinjewadi, Pune. Launched in November 2024, within 4 months of acquiring the land, this is GPL’s most successful launch ever in Pune in terms of the value and volume of sales achieved.
Godrej Evergreen Square has a developable potential of 2.41 million square feet with an estimated revenue potential of approximately Rs 2045 crore. This is one of GPL's large residential developments and significantly enhances its presence in the western suburbs of Pune.
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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. The area provides good connectivity to the Mumbai-Bangalore Highway, Mumbai-Pune Expressway, Metro & other major parts of the city. Introducing a metro line connecting Hinjewadi to Shivaji Nagar, with a metro station just 2 minutes away from the project, will significantly reduce travel time, enhancing the area's connectivity and making daily commuting more convenient.
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. We’d like to take this opportunity to sincerely thank our customers and all 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”.
About the Company
Godrej Properties Limited (GPL) is the real estate development arm of the Godrej Group, which was started in 1897 and is today one of India’s most successful conglomerates. Godrej Properties brings the Godrej Group philosophy of innovation, sustainability, and excellence to the real estate industry.
With a market capitalization of Rs 60,224 crore and a PE ratio of 40.6x, the company trades at a premium compared to the industry PE of 29.2x. Investors should keep an eye on this Large-Cap stock.
Investors should keep an eye on this Large-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.