Godrej Properties Acquires 14-Acre Land for Premium Housing Project in Pune
Godrej Properties has made a strategic move by acquiring a 14-acre land parcel in the Kharadi-Wagholi micro-market of Pune, marking its entry into one of the city's most sought-after real estate regions. The project, with a developable potential of 3.7 million sq. ft., is expected to generate Rs 4,200 crore in revenue.
Godrej PropertiesPuneReal EstateKharadiwagholiHousing ProjectReal Estate PuneJun 02, 2025
The Kharadi-Wagholi micro-market is one of the most in-demand real estate hubs in Pune, known for its rapid development and growing appeal among homebuyers and investors. This acquisition marks Godrej Properties' entry into the region, further solidifying its position as a prominent player in the Indian real estate market. The project is expected to have a developable potential of 3.7 million square feet and an estimated revenue potential of Rs 4,200 crore.
Godrej Properties, headquartered in Mumbai, is one of India's top real estate firms with significant footprints in major cities such as Mumbai Metropolitan Region (MMR), Delhi-NCR, Bengaluru, and Pune. The company has recently expanded its presence into Hyderabad, reflecting its commitment to tapping into high-growth markets. This latest acquisition aligns with Godrej Properties' ambitious target of launching projects worth Rs 40,000 crore in the fiscal year 2026.
Managing Director and CEO of Godrej Properties, Gaurav Pandey, expressed his enthusiasm about the acquisition, stating, “We are happy to mark our entry into this micro-market, which fits within our strategy of strengthening our presence across key micro-markets in India. We aim to create a high-quality development that delivers long-term value to its residents.”
The project is expected to cater to the growing demand for premium residential properties in Pune, a city known for its vibrant culture, educational institutions, and emerging IT sector. With a focus on delivering high-quality living spaces, Godrej Properties is set to leverage its expertise in sustainable and innovative development practices to create a project that meets the needs of modern homebuyers.
The Kharadi-Wagholi micro-market has seen significant growth in recent years, driven by its strategic location, well-connected infrastructure, and proximity to key commercial and residential areas. This acquisition by Godrej Properties is a testament to the region's potential and is likely to further boost its appeal to both residents and investors.
As Godrej Properties continues to expand its portfolio, the company remains committed to delivering projects that not only meet but exceed the expectations of its customers. The Kharadi-Wagholi project is expected to be a benchmark in the company's portfolio, setting new standards for premium residential developments in Pune and beyond.
Frequently Asked Questions
What is the size of the land parcel acquired by Godrej Properties in Pune?
Godrej Properties has acquired a 14-acre land parcel in the Kharadi-Wagholi micro-market of Pune.
What is the estimated revenue potential of the project?
The project is expected to generate an estimated revenue potential of Rs 4,200 crore.
What is the developable potential of the project?
The project has a developable potential of 3.7 million square feet.
Which micro-market in Pune is the project located in?
The project is located in the Kharadi-Wagholi micro-market, one of the most in-demand real estate hubs in Pune.
What is Godrej Properties' target for project launches in FY26?
Godrej Properties aims to launch projects worth Rs 40,000 crore in the fiscal year 2026.
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