Godrej Properties Acquires 14-Acre Land in Pune for Rs 4,200 Crore Housing Project
Godrej Properties Ltd has acquired a 14-acre land parcel in Kharadi-Wagholi, Pune, to develop a housing project with a revenue potential of Rs 4,200 crore. The project will primarily consist of premium group housing and will enhance Godrej Properties' presence in the Pune market.
Real EstateGodrej PropertiesPuneHousing ProjectKharadiwagholiReal Estate PuneJun 02, 2025
The development on this land will primarily consist of premium group housing and is expected to have a developable potential of 3.7 million square feet. According to the company, the project has an estimated revenue potential of Rs 4,200 crore.
Gaurav Pandey, MD & CEO of Godrej Properties, expressed his enthusiasm about the acquisition. He stated, “Kharadi-Wagholi is one of the most sought-after destinations in Pune, and we are delighted to mark our entry into this micro-market. This acquisition further enhances our presence in Pune and aligns with our strategy of expanding our footprint in key micro-markets in India.”
Pandey further added, “We are committed to building a high-quality development that will create long-term value for its residents. This project is a testament to our commitment to delivering premium housing solutions in strategic locations.”
Godrej Properties is a leading real estate developer in India with a significant presence in major cities such as the Mumbai Metropolitan Region, Delhi-NCR, Bengaluru, and Pune. The company has recently entered the Hyderabad property market, further diversifying its portfolio.
The acquisition of the land in Kharadi-Wagholi is a strategic move that underscores Godrej Properties' commitment to growth and innovation in the real estate sector. The project is expected to contribute significantly to the company's revenue and enhance its reputation in the market.
Kharadi-Wagholi is known for its rapid development and has become a preferred location for both residential and commercial developments. The area is well-connected to major highways and is close to key business districts, making it an attractive destination for homebuyers and investors alike.
Godrej Properties' focus on premium group housing in this area is a strategic decision that aligns with the growing demand for high-quality living spaces in Pune. The company's reputation for delivering world-class projects and its commitment to sustainability and innovation will be key factors in the success of this new venture.
As the real estate market in Pune continues to grow, Godrej Properties' entry into Kharadi-Wagholi is expected to set new standards for residential development in the region. The project is likely to attract a diverse range of homebuyers, from young professionals to families looking for a premium living experience.
In conclusion, the acquisition of the 14-acre land in Kharadi-Wagholi by Godrej Properties is a significant milestone in the company's expansion strategy. It not only enhances Godrej Properties' presence in Pune but also reinforces its commitment to delivering high-quality, sustainable housing solutions in key markets across India.
Frequently Asked Questions
What is the size of the land acquired by Godrej Properties in 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 an estimated revenue potential of Rs 4,200 crore.
What type of housing will be developed on the acquired land?
The development will primarily consist of premium group housing.
Who is Gaurav Pandey and what is his role in Godrej Properties?
Gaurav Pandey is the MD & CEO of Godrej Properties.
What are the key markets where Godrej Properties has a significant presence?
Godrej Properties has a significant presence in the Mumbai Metropolitan Region, Delhi-NCR, Bengaluru, and Pune. They have recently entered the Hyderabad property market.
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