Godrej Properties Expands Footprint with New 14-Acre Development in Pune
Godrej Properties acquires a 14-acre land parcel in Kharadi - Wagholi, Pune, to develop premium group housing with a potential of 3.7 million sq ft and an estimated revenue of ₹4,200 crore.
Godrej PropertiesKharadi WagholiPuneReal EstateResidential DevelopmentReal Estate MumbaiJun 02, 2025
Gaurav Pandey, Managing Director & 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.' The company has a strong track record of delivering high-quality projects in key markets across India, and this new acquisition is expected to further strengthen its position.
Godrej Properties' booking value in Q4 FY25 grew by 7% year-on-year to ₹10,163 crore. This growth was achieved through the sale of 3,703 homes with a total area of 7.52 million sq ft. For the full financial year, GPL's booking value stood at ₹29,444 crore, representing a year-on-year growth of 31% and guidance achievement of 109%. This success was achieved through the sale of 25.73 million sq ft of area, a volume growth of 29%.
NCR, Mumbai, and Bangalore contributed significantly to the booking value for the financial year 2024-25, with ₹10,523 crore, ₹8,034 crore, and ₹5,089 crore, respectively. Customer collections in the fourth quarter stood at ₹6,961 crore, representing a year-on-year growth of 48%. For FY25, collections stood at ₹17,047 crore, representing a year-on-year growth of 49%.
Looking ahead, Godrej Properties plans to grow residential bookings to over ₹32,500 crore in FY26, a 20% growth over its FY25 guidance. This ambitious target will be achieved through the launch of over ₹40,000 crore of inventory combined with sales. The company is well-positioned to capitalize on the growing demand for premium housing in key markets like Pune, Mumbai, and Bangalore.
Godrej Properties is a leading real estate developer in India, known for its commitment to quality, sustainability, and customer satisfaction. The company has a diversified portfolio of residential, commercial, and retail projects across major cities in India. With this new acquisition in Pune, Godrej Properties is set to further enhance its market presence and deliver exceptional value to its stakeholders.
Frequently Asked Questions
What is the size of the land parcel acquired by Godrej Properties in Pune?
Godrej Properties has acquired a 14-acre land parcel in Kharadi - Wagholi, Pune.
What type of development is planned on the new land parcel?
The development on this land will primarily consist of premium group housing with a developable potential of 3.7 million sq ft.
What is the estimated revenue potential of the new project?
The estimated revenue potential of the new project is ₹4,200 crore.
What was Godrej Properties' booking value in Q4 FY25?
Godrej Properties' booking value in Q4 FY25 grew by 7% year-on-year to ₹10,163 crore.
What is Godrej Properties' target for residential bookings in FY26?
Godrej Properties plans to grow residential bookings to over ₹32,500 crore in FY26, a 20% growth over its FY25 guidance.
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