Godrej Properties Acquires Land for Premium Housing Project in Pune
Godrej Properties has acquired a strategic land parcel in Pune's Kharadi-Wagholi area to develop a premium housing project with a developable potential of 3.7 million square feet.
Godrej PropertiesPremium HousingPuneReal EstateKharadiwagholiReal Estate NewsJun 02, 2025
The land is strategically located near key commercial hubs, offering excellent connectivity and access to essential amenities such as schools, hospitals, malls, restaurants, and premium hotels. Its proximity to the Chhatrapati Sambhaji Maharaj International Airport further enhances its appeal to potential residents and investors.
Gaurav Pandey, MD & CEO of Godrej Properties, expressed his enthusiasm about the acquisition. “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,” he said.
Godrej Properties is the real estate arm of the Godrej Group, a diversified business conglomerate with a strong presence in various sectors. The company operates in multiple cities across India and focuses on residential, commercial, and township development. With this acquisition, Godrej Properties continues to expand its footprint in key markets, reinforcing its commitment to delivering high-quality real estate solutions.
Despite a 18.9% decline in the company's consolidated net profit to Rs 381.99 crore in Q4 FY25, there was a 48.8% jump in net sales to Rs 2,121.73 crore compared to Q4 FY24. The company's stock performance on the BSE reflected a 0.34% increase, settling at Rs 2,245.95. This acquisition is expected to bolster the company's financial performance and strategic growth in the coming quarters.
Frequently Asked Questions
What is the developable potential of the land acquired by Godrej Properties in Pune?
The land acquired by Godrej Properties in Pune's Kharadi-Wagholi area has a developable potential of approximately 3.7 million square feet.
Where is the land parcel located?
The land parcel is located in Kharadi-Wagholi, one of the most sought-after destinations in Pune, offering excellent connectivity to key commercial hubs, schools, hospitals, malls, restaurants, and premium hotels.
Who is the MD & CEO of Godrej Properties?
Gaurav Pandey is the MD & CEO of Godrej Properties.
What is the focus of Godrej Properties?
Godrej Properties focuses on residential, commercial, and township development across various cities in India.
How did Godrej Properties' financial performance fare in Q4 FY25?
In Q4 FY25, Godrej Properties' consolidated net profit declined by 18.9% to Rs 381.99 crore, but net sales increased by 48.8% to Rs 2,121.73 crore compared to Q4 FY24.
Related News Articles
Investing in Plotted Development Projects near Mumbai: A Guide
Several real estate developers have launched plotted development and villa projects near Mumbai, offering a new investment opportunity for buyers.
Real Estate Sector: Fundamentals Remain Intact Despite Signs of Fatigue
After a strong rally in the last one year, the real estate sector is showing signs of fatigue. However, fundamentals remain intact with improved affordability, industry consolidation, and favorable supply-demand.
Prestige Exora Expands to Pune with Prime Land Purchase in Kharadi
Prestige's acquisition from B U Bhandari M&M Real Estate agents aligns with its strategy to capitalize on Pune's dynamic housing and commercial sectors.
Macrotech Developers Boosts Stake in Warehousing Firms with Rs 239.56 cr Investment
Macrotech Developers, a leading real estate firm, increases stake in three warehousing companies, aiming to enhance rental income.
CIDCO Mandated to Register as Promoter with MahaRERA for Land Plot Sales
In a significant ruling, the Maharashtra Real Estate Appellate Tribunal (MREAT) has directed CIDCO to register as a promoter with the Maharashtra Real Estate Regulatory Authority (MahaRERA) for the sale of land plots. This decision is expected to bring mo
Accelerated Urbanisation and Industrialisation to Boost Indian Real Estate
New Delhi, January 17: In a bid to further boost the Indian real estate sector, the Union budget can offer directional guidance for accelerated urbanisation and industrialisation, along with better infrastructure development.