Godrej Properties Acquires 11-Acre Land in Pune for Housing and Retail Development
Godrej Properties Ltd to develop a housing and high-street retail project in Pune, with an estimated revenue potential of ₹1800 crore.
PuneGodrej PropertiesReal EstateHousingRetail DevelopmentReal Estate PuneJul 01, 2024
Gaurav Pandey, MD and CEO, Godrej Properties, said, 'Hinjewadi is an important micro market for us in Pune and we are happy to add this land parcel to our portfolio. This further enhances our presence in Pune and fits within our strategy of strengthening our presence across key micro-markets in India.' Godrej Properties is one of the leading developers in the country, with a strong track record of delivering quality projects. In May, the company reported its highest-ever quarterly profit, with earnings jumping 14% annually to ₹471.26 crore in the March quarter.
Frequently Asked Questions
Where is the 11-acre land parcel located?
The land parcel is located in Hinjewadi, Pune.
What is the estimated revenue potential of the project?
The estimated revenue potential of the project is around ₹1800 crore.
What will be developed on the land parcel?
A group housing and high street retail project will be developed on the land parcel.
What is the significance of the location of the land parcel?
The land parcel is strategically located near the upcoming megapolis Metro station and offers good connectivity to major IT hubs in Hinjewadi, Pune, along with access to schools, hospitals, malls, restaurants, and premium hotels.
What is Godrej Properties' track record in the real estate sector?
Godrej Properties is one of the leading developers in the country, with a strong track record of delivering quality projects.
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