Godrej Properties Acquires 14-Acre Land in Pune for Premium Housing Project
Godrej Properties Ltd, a leading real estate player in India, has acquired a 14-acre land parcel in Pune's Kharadi-Wagholi micro-market for a premium group housing project. The project is expected to generate a revenue potential of ₹4,200 crore from a developable area of 3.7 million square feet.
Real EstatePuneGodrej PropertiesKharadiwagholiHousing ProjectReal Estate PuneJun 02, 2025
This latest acquisition in Pune reinforces Godrej Properties’ already robust presence across key Indian metropolitan areas. Kharadi-Wagholi, a highly sought-after destination within Pune, is strategically located to cater to the burgeoning demand for quality residential offerings driven by the city’s IT and manufacturing sectors. The decision to enter this specific micro-market aligns seamlessly with the company’s broader objective of strengthening its footprint across vital urban centres. Gaurav Pandey, MD & CEO of Godrej Properties, affirmed this strategic alignment, stating, “Kharadi – Wagholi is one of the most sought-after destinations in Pune, and we are happy to mark our entry into this micro market. This further enhances our presence in Pune and fits within our strategy of strengthening our presence across key micro-markets in India.”
The company’s focus on building “high-quality development that creates long-term value for its residents” in this new project resonates with the evolving demands of urban dwellers. Modern homebuyers are increasingly seeking not just residences but comprehensive living environments that integrate green spaces, offer state-of-the-art amenities, and foster a sense of community. This approach is critical in contributing to the development of eco-friendly and equitable cities, where quality of life is prioritised alongside economic growth.
The Pune acquisition is a continuation of Godrej Properties’ aggressive land banking strategy from the previous fiscal year. In the last financial year, the Mumbai-based developer acquired an impressive 14 land parcels across major cities, all through outright purchases. These strategic acquisitions, spanning the Mumbai Metropolitan Region (MMR), Delhi-NCR, Bengaluru, Kolkata, Ahmedabad, and Indore, collectively represented a staggering revenue potential of approximately ₹26,500 crore. This significantly surpassed the company’s own guidance of ₹20,000 crore for the period, demonstrating a strong pipeline for future growth and market leadership.
Pirojsha Godrej, Chairperson of Godrej Properties, had earlier indicated this proactive stance in an interview last month. He noted the company’s achievement of exceeding its acquisition targets in the previous fiscal and expressed confidence in surpassing the current fiscal’s guidance of ₹20,000 crore by a “good margin.” This consistent focus on strategic land acquisitions positions Godrej Properties to capitalise on the robust demand in India’s residential real estate market. With an established presence in key markets like MMR, Delhi-NCR, Bengaluru, and Pune, and a recent foray into Hyderabad, the company is well-poised to cater to the diverse and expanding housing needs across the country, contributing to planned and sustainable urban expansion.
Frequently Asked Questions
What is the value of the land acquisition by Godrej Properties in Pune?
The land acquisition by Godrej Properties in Pune's Kharadi-Wagholi micro-market is estimated to be around ₹800 crore.
What is the projected revenue potential from the new housing project?
The new housing project is projected to generate a revenue potential of ₹4,200 crore from a developable area of 3.7 million square feet.
Why is Kharadi-Wagholi a sought-after destination for residential projects?
Kharadi-Wagholi is a highly sought-after destination within Pune due to its strategic location, catering to the growing demand for quality residential offerings driven by the city’s IT and manufacturing sectors.
What is Godrej Properties' strategy for land acquisitions?
Godrej Properties has an aggressive land banking strategy, focusing on acquiring land parcels in key metropolitan areas to strengthen its presence and cater to the expanding housing needs across the country.
How does Godrej Properties ensure long-term value for its residents?
Godrej Properties focuses on building high-quality developments that integrate green spaces, offer state-of-the-art amenities, and foster a sense of community, thereby creating long-term value for its residents.
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