Godrej Evergreen Square Hinjewadi Phase 3 Pune

Godrej Evergreen Square is Godrej Properties' project in Hinjewadi Phase 3, Pune: about 10.91 acres carrying nine towers and roughly 2,114 units across 1, 2 and 3 BHK plans, with a small retail component inside the scheme. It is registered with MahaRERA as P52100078240, was launched in November 2024, and the completion date on the record is 31 October 2030. The developer's own page quotes flats from about Rs 96 lakh.

Phase 3 is the point

Hinjewadi is one employment cluster in three parts, and where a project sits within it decides the owner's daily life more than any floor plan does. Phase 1 is the oldest, the best served and the most congested; the queue at its entrance is a standing joke in Pune. Phase 3 is the newest, the least built-up and, for anyone whose office is in Phase 2 or 3, the one that avoids the worst of that queue.

So the case for this address is specific: if your company campus is in Phase 3, you can live minutes from your desk and skip the corridor's defining problem. If your office is in Phase 1, the advantage narrows considerably, and if it is in Kharadi or Hadapsar on the other side of Pune, this is the wrong side of the city altogether.

What Phase 3 does not yet have

Everyday infrastructure. Phase 1 has two decades of schools, clinics, restaurants and markets built around it. Phase 3 is still filling in, and the villages it is built around — Maan and Marunji — supply local shopping rather than a full retail base. That is precisely why the retail component inside this scheme is worth more than it looks on a brochure: in a belt where the nearest proper market is a drive away, a working set of shops at the gate is a daily convenience rather than a flourish.

Buyers with school-age children should make the school run before buying. It is the journey that most often turns out worse than expected in new Pune corridors, and it is the one a sales office is least able to answer honestly.

The price and the wait

Rs 96 lakh from the developer's own page is the headline. In the market, two-bedroom stock is quoted from roughly Rs 90 lakh and three-bedroom from about Rs 1.14 crore, depending on tower, floor and size. For a corridor where two-income IT households are the buyer base, that is a workable number — it is the segment Hinjewadi actually transacts in.

The complication is time. The MahaRERA record runs from a November 2024 launch to a completion date of 31 October 2030. Six years end to end is long even for a nine-tower project, and it reflects a phased build. In practice earlier towers usually hand over ahead of the registered date, but the registered date is the one that can be enforced, and it is the one that belongs in the agreement along with the delay clause.

A buyer should also be clear about what the quoted price excludes. Maharashtra stamp duty and registration, GST on an under-construction flat, society formation and maintenance deposits, parking and club charges where separate — together these routinely add 9 to 13 per cent to the agreement value. Ask for the all-inclusive figure in writing before the booking amount.

Reading the registration properly

One registration for the whole project makes this easier to track than a phased township with seven numbers. On the MahaRERA portal, P52100078240 carries the sanctioned plan, the unit inventory, the declared completion date and the quarterly progress reports. Those reports record how many towers have reached which stage and how much of the collected money has been spent on construction.

Pull four consecutive filings and read them in order. A project tracking its own declared schedule is a good sign; one whose declared progress has barely moved across a year is telling you something that no site visit arranged by a sales team will. This check takes twenty minutes and is the most valuable diligence available to a buyer in any Maharashtra project.

Scale, and what it means to live in

Roughly 2,114 units across nine towers is a large community. The upside is amenity: a scheme this size can fund a proper clubhouse, a full-length pool, sports courts and landscaped open space, and the maintenance cost per household of running them is lower than in a 300-flat project. The downside is sharing them. Weekend queues at the pool and the badminton court are a normal feature of projects at this scale, as is a busy gate at 9am.

It also means a deep resale and rental market inside the same complex in future years, which cuts both ways: easier to sell, and competing with dozens of identical flats when you do.

The alternatives in the same corridor

The nearest comparison is Joyville Sensorium in Hinjawadi Phase 1, a Shapoorji Pallonji project on the Mula river whose earliest phases are due in December 2026 — earlier handover, older and more congested part of the corridor, river frontage. At the ready-to-move end sits older stock such as Gera Adara, cheaper and available now but dated in specification.

Godrej's wider Indian portfolio is on the Godrej Properties builder page, and for the top of the Pune market — a useful reference point for how far this segment sits below it — see the most expensive flats in Pune.

Buying to let

Hinjewadi's rental market is the deepest in Pune, and it is salary-backed: IT employees on corporate leases, with low vacancy and predictable turnover. A two-bedroom flat inside the Infotech Park catchment is the most lettable configuration in the city. The caveat for this project is timing — there is no rent until possession, and on a 2030 completion that is a long way to carry the cost of money before the asset earns anything.

The metro, and how to think about it

Every conversation about Hinjewadi property eventually reaches the metro. The line planned into the corridor would change commuting here more than any road project could, and it is the reason several sellers ask buyers to look past current traffic.

The disciplined way to treat it is as upside, not as a reason to pay a higher price today. Metro projects in Indian cities routinely run years behind their announced dates, and a household that buys a flat it can only tolerate once the metro runs is taking on a risk it does not control. Price the commute you will make by road in 2030, on the roads that exist. If the line opens on schedule, both your daily life and your resale value improve, and you will have paid nothing extra for the possibility.

The rate, and the question to ask

New launches across the Hinjewadi corridor are broadly quoted between Rs 9,000 and Rs 12,000 per sq ft depending on phase, developer and whether the figure is on carpet or saleable area. A branded project in Phase 3 sits at the upper half of that band, which is consistent with the Rs 96 lakh entry price the developer publishes.

The question to put to the sales office is precise: what is the rate per sq ft of RERA carpet area for this specific flat, on this floor, in this tower? A single number answered that way lets you compare this project with every other MahaRERA-registered launch in Pune, because carpet area is defined identically for all of them. Any answer that mixes in saleable area, amenities loading or a promotional discount is not comparable with anything.

Our view

This is a sound project from a developer whose record justifies its pricing, in the part of Hinjewadi that solves the corridor's commute problem for the people who work in it. The weaknesses are all about time rather than quality: a long registered completion date, an area whose everyday infrastructure is still arriving, and a community large enough that its amenities will be busy.

Buy it if you work in Phase 2 or 3, you can wait until the end of the decade, and you would rather have a listed developer's balance sheet behind a six-year build than a local builder's promise. Otherwise, look at the ready stock in Wakad and Phase 1 and pay for time instead of space.