Realty stock jumps after selling homes worth ₹1,000 Cr at launch of its new project in PuneRealty stock jumps after selling homes worth ₹1,000 Cr at launch of its new project in Pune

Introduction:

Leading realty developer has achieved record sales of over ₹1,000 crore at the launch of its new residential project in Pune. The project, strategically located in Hinjewadi, offers modern amenities and excellent connectivity, making it a prime choice for homebuyers.

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Share price movement of Godrej Properties:

On February 27, 2025, Godrej Properties Ltd opened at ₹1,986.20, unchanged from its previous close of ₹1,986.20. The stock reached a high of ₹2,003.60 and a low of ₹1,971.60. By 10:24 AM, it traded at ₹1,980.00, with a market cap of ₹59,634.33 crore.

Godrej Properties Achieves Record ₹1,000 Cr Sales at Pune Project Launch:

Godrej Properties Ltd announced selling homes worth over ₹1,000 crore at its newly launched project, Godrej Evergreen Square, in Hinjewadi, Pune. The company sold 1,398 units spanning approximately 1.23 million square feet, marking its most successful Pune launch.

Launched in November 2024, just four months after acquiring the land, the project has a total developable potential of 2.41 million square feet with an estimated revenue of ₹2,045 crore. This large-scale residential development significantly strengthens Godrej Properties’ presence in Pune’s western suburbs.

Hinjewadi is a well-established residential hub with strong connectivity to major highways, metro lines, and civic infrastructure. The upcoming metro connecting Hinjewadi to Shivaji Nagar will further enhance accessibility, making Godrej Evergreen Square a prime location for homebuyers and investors alike.

Recent news on Godrej Properties:

As of February 04, 2025, Godrej Properties Ltd reported a 161.2% Y-o-Y profit surge to ₹162.64 crore in Q3 FY25. Sales declined 4.8% Y-o-Y to ₹5,446 crore, while revenue from operations jumped 193.21% to ₹968.88 crore.

Stock performance of Godrej Properties for Period of 1 week, 6 months and 1 year:

Over the past week, Godrej Properties Ltd’s stock declined by 4.33%. The six-month performance shows a sharper drop of 31.7%, reflecting market challenges. On a yearly basis, the stock has fallen by 15.6%, indicating persistent downward pressure.

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Shareholding pattern of Godrej Properties:

Particulars	Dec 2024	Sep 2024	Jun 2024
Promoter	46.50%	58.50%	58.50%
FII	30.90%	28.30%	29.90%
DII	9.40%	7.10%	5.60%
Public	13.30%	6.10%	6.00%

About Godrej Properties:

Godrej Properties Ltd (NSE: GODREJPROP) integrates innovation, sustainability, and excellence in real estate. As India’s top residential developer by sales in FY 2024, it emphasizes green buildings and has won 400+ awards, including Developer of the Year 2024.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.