Godrej Properties Acquires Prime Land in Pune, Boosting Revenue Potential

Shares of Godrej Properties Ltd surged 1% to touch a day’s high of Rs 1,588.60 on 30th January, following the announcement of a significant land acquisition. The firm has acquired an 8.5-acre land parcel in Mahalunge, Pune, with an estimated revenue potential of Rs 2,000 crore.

The company stated that the land was acquired through an outright purchase in a fast-growing micro-market. The project is located in the Mahalunge-Maan-Nande belt of Pune and is expected to have a developable area of around 2.1 million square feet, according to the exchange filing.

The site is part of the Mahalunge-Hinjewadi micro-market and is strategically situated close to the upcoming Pune Inner Ring Road, along the Hinjewadi-Balewadi corridor. This location offers strong social infrastructure, including reputable educational institutions, and easy access to Baner-Balewadi and Hinjewadi, which are key IT and BFSI hubs in the city.

Commenting on the acquisition, Gaurav Pandey, MD and CEO of Godrej Properties, emphasized that the deal is a significant step in strengthening the company’s presence in Pune. It also helps expand the company's footprint across high-potential micro-markets in major Indian cities.

Earlier this month, the Mumbai-based real estate developer reported a 19% rise in booking value to Rs 34,171 crore in the calendar year 2025. Cash collections also saw a 28% year-over-year increase to Rs 18,979 crore.

At 10:08 AM, shares of Godrej Properties were trading 0.86% higher at Rs 1,580 on NSE.