Godrej Properties was established in 1990 as the real estate development arm of the Godrej Group, a diversified Indian conglomerate founded in 1897. In 2010, the company went public following an initial public offering that raised approximately US$100 million, and since 2012 it has been led by Executive Chairman Pirojsha Adi Godrej, a fourth-generation member of the Godrej family. The company now operates in 12 cities across India, including the Mumbai Metropolitan Region, Delhi-NCR, Pune, Bengaluru, and Hyderabad. Hinjewadi Phase I sits inside that Pune footprint, and it is one of the older addresses in the developer's western-Pune portfolio rather than a recent entry.
Godrej Properties launched its first project in Pune, Godrej Millennium, in 1999, and the company's Pune business has since scaled into one of its five reporting markets alongside the Mumbai Metropolitan Region, Bengaluru, Delhi-NCR and Hyderabad. In FY2026, sales bookings in Pune stood at ₹3,659 crore, behind only MMR, Bengaluru and Delhi-NCR among the company's key markets. Hinjewadi has been a meaningful part of that number: Godrej Properties sold inventory worth over Rs 1,000 crore at Godrej Evergreen Square in Hinjewadi, a project with a developable potential of nearly 2.41 million square feet, selling over 1,398 homes across nearly 1.23 million square feet. The company's own leadership described it as the best-ever launch in Pune residential real estate.
Within Phase I specifically, the developer's most visible address is Godrej Woodsville, positioned near the Rajiv Gandhi Infotech Park on Maan Road. Public RERA listings put the project under registration number P52100046729, spread across four towers offering 992 apartments in 1, 2 and 3 BHK formats, with possession scheduled for November 2026. The other established Godrej address in the same pocket is Godrej 24, located at the Rajiv Gandhi Infotech Park next to the Wipro campus, registered under RERA P52100001005. Corporate filings also show that Maan-Hinje Township Developers, the entity behind further Godrej development in the Maan-Hinjewadi belt, was converted into a wholly owned subsidiary of Godrej Properties, underlining that the developer's interest in this specific micro-pocket extends beyond a single project into a longer-term land position.
Hinjewadi's transformation began in 1998 with the establishment of the Rajeev Gandhi IT Park, marking its journey from a rural region to what is now often referred to as the Silicon Valley of Pune. The area is now home to 165 corporate offices, alongside educational institutions and residential apartments that have elevated its overall quality of life. Hinjewadi hosts one of India's largest IT parks, with over 200 IT and ITES companies employing more than 150,000 individuals, a resident workforce that gives a developer built on scale and repeat bookings a reliable buyer base within walking or short-drive distance of its towers. Hinjewadi's location along Mumbai Highway (NH-48) ensures seamless connectivity to neighbouring areas such as Wakad, Baner, Tathawade, and Balewadi, and Pune Metro Line 3, connecting Hinjewadi to Shivajinagar, was reported to be 95% ready and expected to go live by March 2026, a milestone that changes the commute calculus for Phase I in particular since it sits closest to the existing IT park entrances.
Independent trackers place Hinjewadi Phase I among the costlier micro-markets within the larger Hinjewadi belt. Property prices in Hinjewadi have grown 15% year-on-year, with Phase 1 leading pricing at around ₹11,500 per square foot compared to Phase 3's entry point of roughly ₹6,200 per square foot. A separate tracker for the immediate Rajiv Gandhi Infotech Park pocket of Phase I puts the average closer to ₹8,400 per square foot, with price growth of 28.0% over five years. Rental demand tracks the same logic: rental yields in Hinjewadi range from 5-7%, with 2 BHK and 3 BHK apartments offering the best returns, a segment that matches the configuration mix Godrej Properties has built at Woodsville and Godrej 24.
A buyer choosing this pocket is choosing proximity to an already-built social layer rather than a location still waiting for one. Indira School of Business Studies and VIBGYOR High School are close by, Sahyadri and Medipoint hospitals provide healthcare access, and Phoenix Marketcity and Xion Mall are a short drive away for retail and entertainment. The I2IT engineering college is a well-known educational institution in the area, Hinjawadi Hospital, Ashirwad Hospital Pune and Sanjeevani Hospital are located in proximity for medical needs, and Big Bazaar and E-Square Xion serve as established shopping and recreational hubs. This is the kind of settled, amenity-dense catchment that a large, publicly listed developer with a century-old parent group tends to favour when it commits land and towers rather than testing an unproven micro-market.
