Godrej Properties Expands in Pune with 14-Acre Land Acquisition
Godrej Properties has acquired a 14-acre land parcel in Pune's Kharadi-Wagholi micro-market, marking its entry into one of the city's most sought-after real estate hubs. The company plans to develop a premium residential housing project with significant revenue potential.
Real EstateGodrej PropertiesPuneHousing ProjectKharadiwagholiReal Estate MumbaiJun 02, 2025
The project, which has a developable potential of 3.7 million square feet, is expected to generate an estimated revenue of Rs 4,200 crore. Kharadi-Wagholi, known for its rapid urbanization and high demand for residential properties, is an ideal location for Godrej Properties to expand its footprint. The Mumbai-headquartered developer has a significant presence in major cities across India, including the Mumbai Metropolitan Region (MMR), Delhi-NCR, Bengaluru, and Pune. Recently, the company has also ventured into Hyderabad, further solidifying its position in the Indian real estate market.
This latest acquisition aligns with Godrej Properties' ambitious target of launching projects worth Rs 40,000 crore in the fiscal year 2026. The Managing Director and CEO of Godrej Properties, Gaurav Pandey, expressed his enthusiasm about the acquisition, saying, “We are happy to mark our entry into this micro-market, which fits within our strategy of strengthening our presence across key micro-markets in India. We aim to create a high-quality development that delivers long-term value to its residents.”
Godrej Properties is known for its commitment to sustainability and innovation in real estate development. The company has a strong track record of delivering high-quality projects that meet the evolving needs of its customers. With this new acquisition, Godrej Properties is poised to continue its growth trajectory and solidify its position as a leading player in the Indian real estate sector.
The Kharadi-Wagholi micro-market is characterized by its strategic location, excellent connectivity, and a growing infrastructure. This makes it an attractive destination for both homebuyers and investors. Godrej Properties’ entry into this market is expected to further boost the local real estate landscape, providing high-quality living options and contributing to the overall development of the region.
In conclusion, the acquisition of the 14-acre land parcel in Kharadi-Wagholi is a significant step for Godrej Properties. It not only strengthens the company’s presence in Pune but also aligns with its long-term growth strategy. As the project moves forward, it is expected to create a positive impact on the local economy and real estate market, offering residents a premium living experience in one of Pune’s most sought-after areas.
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 is the developable potential of the new project in Kharadi-Wagholi?
The developable potential of the new project is 3.7 million square feet.
What is the estimated revenue potential of the new project?
The estimated revenue potential of the new project is Rs 4,200 crore.
What is Godrej Properties' broader target for FY26?
Godrej Properties aims to launch projects worth Rs 40,000 crore in FY26.
Who is the Managing Director and CEO of Godrej Properties?
Gaurav Pandey is the Managing Director and CEO of Godrej Properties.
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