Godrej Properties Acquires 14-Acre Land in Pune's Kharadi-Wagholi Corridor for Rs 4,200 Crore Project
Godrej Properties, a leading real estate company, has acquired a 14-acre land parcel in Pune's Kharadi-Wagholi area for a premium residential project, expected to generate Rs 4,200 crore in revenue.
Real EstateGodrej PropertiesPuneKharadiwagholiResidential DevelopmentReal Estate NewsJun 02, 2025
The newly acquired land is expected to yield a developable area of nearly 3.7 million square feet and will be positioned as a high-end residential community. Strategically located near Kharadi’s major commercial zones, the site benefits from excellent connectivity to educational institutions, hospitals, shopping centres, and the Chhatrapati Sambhaji Maharaj International Airport. This micro-market is also gaining traction due to its proximity to IT parks and ongoing infrastructure development, which has made Kharadi-Wagholi one of the most attractive real estate zones in Pune.
Commenting on the development, Gaurav Pandey, MD & CEO of Godrej Properties, said, “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.”
Godrej Properties also recently announced its Quarterly Results. For Q4FY25, the company reported a 35.35 per cent year-on-year increase in revenue from operations, rising to Rs 2,646 crore from Rs 1,952 crore in the same quarter last year. However, profit after tax (PAT) declined by 19 per cent to Rs 382 crore compared to Rs 471 crore in Q4FY24. On an annual basis, revenue from operations grew by 57 per cent to Rs 6,848 crore in FY25, while PAT surged by 93 per cent to Rs 1,400 crore, highlighting improved full-year profitability.
In terms of stock performance, Godrej Properties has had mixed results. The stock is down 19.39 per cent year-to-date and has delivered negative returns of 17.47 per cent over the past 12 months. However, in the last three months, the stock has gained 13.37 per cent. Over a longer horizon of five years, it has delivered multibagger returns, rising by 227 per cent.
Godrej Properties is the real estate arm of the Godrej Group, a well-established Indian conglomerate founded in 1897. The company continues to focus on innovation, sustainability, and excellence in its residential and commercial projects. The acquisition in Kharadi-Wagholi is part of Godrej Properties' strategy to expand its footprint in key real estate markets and capitalize on the growing demand for high-quality residential properties in well-connected areas.
Frequently Asked Questions
What is the expected revenue potential from Godrej Properties' new project in Kharadi-Wagholi?
The expected revenue potential from Godrej Properties' new project in Kharadi-Wagholi is approximately Rs 4,200 crore.
Why is Kharadi-Wagholi an attractive real estate market in Pune?
Kharadi-Wagholi is an attractive real estate market in Pune due to its proximity to IT parks, excellent connectivity to educational institutions, hospitals, shopping centres, and the Chhatrapati Sambhaji Maharaj International Airport.
What is the developable area of the newly acquired land by Godrej Properties?
The newly acquired land by Godrej Properties is expected to yield a developable area of nearly 3.7 million square feet.
What were Godrej Properties' financial results for Q4FY25?
For Q4FY25, Godrej Properties reported a 35.35 per cent year-on-year increase in revenue from operations, rising to Rs 2,646 crore from Rs 1,952 crore in the same quarter last year. However, profit after tax (PAT) declined by 19 per cent to Rs 382 crore compared to Rs 471 crore in Q4FY24.
What is the long-term stock performance of Godrej Properties?
Over a longer horizon of five years, Godrej Properties has delivered multibagger returns, rising by 227 per cent.
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