Godrej Properties Acquires 14-Acre Land in Kharadi, Pune for Rs 4,200 Crore Project
Godrej Properties has acquired a 14-acre land parcel in Kharadi, Pune, to develop a premium group housing project with a revenue potential of Rs 4,200 crore. The strategic location and high demand in the Kharadi-Wagholi micro-market make this a significant move in Pune's real estate sector.
Godrej PropertiesKharadiPuneReal EstateGroup HousingReal Estate PuneJun 02, 2025
The land parcel is strategically situated near major commercial hubs in Kharadi, making it an attractive location for residential development. The area is well-connected to essential amenities such as schools, hospitals, malls, restaurants, and premium hotels. Additionally, the proximity to Chhatrapati Sambhaji Maharaj International Airport adds to the location's appeal for both residents and investors.
The Kharadi-Wagholi micro-market has emerged as one of Pune's most sought-after residential corridors. This growth is driven by its proximity to major IT and business hubs, improving infrastructure, and the increasing availability of social amenities. The region has seen a significant influx of professionals, leading to a sustained demand for high-quality residential properties. As a result, Kharadi-Wagholi has rapidly evolved into a high-growth residential market, contributing significantly to Pune's real estate expansion.
Godrej Properties' decision to invest in this area underscores the company's commitment to meeting the growing demand for premium housing in Pune. The project is expected to cater to the needs of the rising professional workforce and further enhance the region's appeal as a desirable residential destination.
The acquisition and development of this land parcel are part of Godrej Properties' broader strategy to expand its presence in key markets across India. With a strong focus on quality and innovation, the company aims to deliver world-class residential projects that meet the evolving needs of homebuyers.
In conclusion, the acquisition of the 14-acre land parcel in Kharadi-Wagholi by Godrej Properties is a strategic move that aligns with the growing demand for premium housing in Pune. The project's estimated revenue potential of Rs 4,200 crore highlights the significant opportunities in the Kharadi-Wagholi micro-market and the company's confidence in the region's growth prospects.
Frequently Asked Questions
What is the size of the land parcel acquired by Godrej Properties in Kharadi, Pune?
Godrej Properties has acquired a 14-acre land parcel in Kharadi-Wagholi, Pune.
What is the estimated revenue potential of the project?
The project is expected to have a revenue potential of Rs 4,200 crore.
What is the developable potential of the land parcel?
The land parcel has a developable potential of approximately 3.7 million square feet.
What makes the Kharadi-Wagholi micro-market attractive for residential development?
The Kharadi-Wagholi micro-market is attractive due to its proximity to major IT and business hubs, improving infrastructure, and the availability of social amenities such as schools, hospitals, and malls.
How does this acquisition align with Godrej Properties' broader strategy?
The acquisition aligns with Godrej Properties' strategy to expand its presence in key markets across India and meet the growing demand for premium housing.
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