Godrej Properties Acquires 14-Acre Land in Kharadi-Wagholi, Pune
Godrej Properties Ltd. (GPL) has acquired a 14-acre land parcel in the high-demand Kharadi-Wagholi micro-market of Pune, set to develop premium group housing with a potential revenue of INR 4,200 crore.
Godrej PropertiesKharadiwagholiReal EstatePunePremium HousingReal Estate NewsJun 02, 2025
The land parcel is strategically located near major commercial hubs in Kharadi, Pune, and provides easy access to schools, hospitals, malls, restaurants, and premium hotels. It is also in close proximity to Chhatrapati Sambhaji Maharaj International Airport, making it an ideal location for both residential and commercial activities.
The Kharadi–Wagholi micro-market has emerged as one of Pune’s high-demand residential corridors. This is driven by its proximity to major IT and business hubs, improving infrastructure, and growing social amenities. Backed by sustained demand from a rising professional workforce, the region has rapidly evolved into a high-growth residential market and a key driver of Pune’s real estate expansion.
Gaurav Pandey, MD & CEO of Godrej Properties, said, “Kharadi – Wagholi is one of the most sought-after destinations in Pune, and we are thrilled to mark our entry into this micro-market. This acquisition further enhances our presence in Pune and aligns with our strategy of strengthening our presence across key micro-markets in India. We are committed to building a high-quality development that creates long-term value for its residents.”
Godrej Properties has a strong track record of delivering premium projects that meet the highest standards of quality and sustainability. This new project in Kharadi-Wagholi is expected to continue this legacy, offering residents a blend of modern living and community amenities. The company’s focus on sustainable development and customer satisfaction has been a key factor in its success and will play a crucial role in the success of this new venture.
As the real estate market in Pune continues to grow, the acquisition of this land parcel by Godrej Properties is a strategic move that positions the company to capitalize on the increasing demand for high-quality residential properties. The project is expected to attract a diverse range of homebuyers, from young professionals to families looking for a comfortable and convenient living environment.
On the basis of the current business assumptions.
Frequently Asked Questions
What is the size of the land parcel acquired by Godrej Properties in Kharadi-Wagholi?
Godrej Properties has acquired a 14-acre land parcel in Kharadi-Wagholi, Pune.
What is the estimated revenue potential of the project?
The project has an estimated revenue potential of approximately INR 4,200 crore.
What type of development is planned for the land parcel?
The development will primarily consist of premium group housing with a developable potential of around 3.7 million square feet.
Why is Kharadi-Wagholi considered a high-demand residential corridor in Pune?
Kharadi-Wagholi is considered a high-demand residential corridor due to its proximity to major IT and business hubs, improving infrastructure, and growing social amenities.
Who is Gaurav Pandey, and what is his role in Godrej Properties?
Gaurav Pandey is the MD & CEO of Godrej Properties, responsible for leading the company's strategic initiatives and growth in key markets.
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