Godrej Properties Acquires 14-Acre Land in Pune for Rs 800 Crore to Expand Housing Projects
Godrej Properties has acquired a 14-acre land parcel in Kharadi-Wagholi, Pune, for approximately Rs 800 crore. The company plans to develop this land into a premium housing project with a revenue potential of Rs 4,200 crore. This strategic move enhances Godrej Properties' presence in Pune and aligns with its expansion goals in key micro-markets across India.
Real EstateGodrej PropertiesPuneHousing ProjectsLand AcquisitionReal Estate PuneJun 03, 2025
The 14-acre land parcel is located in Kharadi-Wagholi, one of the most sought-after destinations in Pune. The project will have a developable potential of 3.7 million square feet, with an estimated revenue potential of Rs 4,200 crore. This strategic move is in line with Godrej Properties' long-term vision to create high-quality developments that provide long-term value for residents.
Gaurav Pandey, MD & CEO of Godrej Properties, expressed his enthusiasm about the acquisition, 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. We will aim to build a high-quality development that creates long-term value for its residents.”
In the last fiscal year, Godrej Properties has been actively acquiring land parcels across major cities to build housing projects. The company bought 14 land parcels in cities such as Mumbai Metropolitan Region (MMR), Pune, Delhi-NCR, Bengaluru, Kolkata, Ahmedabad, and Indore. These acquisitions have a combined revenue potential of about Rs 26,500 crore.
Pirojsha Godrej, the company's chairperson, highlighted the company's ambitious growth plans in an interview with PTI last month. “Last financial year, we added about Rs 26,500 crore worth of new projects, as against the guidance of Rs 20,000 crore. This fiscal, we are again giving guidance of Rs 20,000 crore. Quite likely, we will exceed this by a good margin,” she said.
Mumbai-based Godrej Properties is one of the leading real estate developers in the country. The company has a significant presence in MMR, Delhi-NCR, Bengaluru, and Pune. It has recently entered the Hyderabad property market, further diversifying its portfolio and expanding its reach across major urban centers in India.
The acquisition of the 14-acre land in Kharadi-Wagholi is a testament to Godrej Properties' commitment to delivering premium housing solutions and its strategic approach to market expansion. With a focus on quality and value, the company continues to strengthen its position in the Indian real estate market.
Frequently Asked Questions
What is the location of the newly acquired land by Godrej Properties?
The newly acquired land is located in Kharadi-Wagholi, Pune.
What is the estimated revenue potential of the new project in Kharadi-Wagholi?
The estimated revenue potential of the new project in Kharadi-Wagholi is Rs 4,200 crore.
How many land parcels did Godrej Properties acquire in the last fiscal year?
Godrej Properties acquired 14 land parcels in the last fiscal year.
What is the developable potential of the 14-acre land in Kharadi-Wagholi?
The developable potential of the 14-acre land in Kharadi-Wagholi is 3.7 million square feet.
What is Godrej Properties' strategic focus for market expansion?
Godrej Properties' strategic focus for market expansion is to strengthen its presence across key micro-markets in India, including MMR, Delhi-NCR, Bengaluru, Pune, and recently, Hyderabad.
Related News Articles
United States Real Estate and Property Software Market: Trends, Opportunities, and Forecast
The US real estate and property software market is experiencing significant growth driven by advancements in technology and increasing digitalization across the industry.
Chennai's 25-Year Transformation: Office Space Surges 75-Fold, Housing Grows 27-Fold
Chennai's real estate market has witnessed remarkable growth over the past 25 years, with significant increases in office, residential, and logistics sectors.
G Square Expands into Villas and Apartments: A Strategic Move in Real Estate
G Square has announced its strategic expansion into alternate real estate verticals, including villas and apartments. The company now aims to cater to a broader range of customer needs and preferences in the housing market.
Google India and Google Cloud Extend BKC Office Leases in Mumbai at ₹4.79 Crore Monthly Rent
Google India and Google Cloud have renewed their office leases in the Bandra Kurla Complex (BKC) in Mumbai, agreeing to pay a monthly rent of ₹4.79 crore. The move underscores the steady demand in Mumbai's commercial real estate market.
ANAROCK Capital Welcomes Varun Malik as Managing Director, Head of Capital Markets, APAC
ANAROCK Capital, the leading real estate investment banking and capital markets division of the ANAROCK Group, has announced the strategic appointment of Varun Malik as Managing Director, Head of Capital Markets, APAC. This move underscores ANAROCK Capital’s commitment to expanding its global footprint and enhancing its services in the Asia-Pacific region.
Daring Fire Stunt During Ram Navami Procession Leads to Multiple Injuries in Pune
A fire-breathing act during a Ram Navami procession in Pune resulted in several burn injuries, raising concerns about the safety of traditional performances.