Godrej Properties Expands Pune Presence with Strategic 8.5 Acre Land Acquisition
Godrej Properties Ltd has announced the acquisition of an 8.5 acre land parcel in Mahalunge, Pune, with an estimated revenue potential of ₹2,000 crore. The company completed the land acquisition through an outright purchase, positioning itself to capitalize on the fast-growing Mahalunge micro market.
The proposed development on the land will primarily comprise group housing, with an expected developable potential of around 2.1 million square feet. This strategic move is expected to enhance the company's portfolio and meet the growing demand for residential properties in the region.
The land parcel is situated on the Mahalunge Maan Nande belt, forming part of the Mahalunge Hinjewadi micro market. Its location is close to the upcoming Pune Inner Ring Road along the Hinjewadi Balewadi corridor, providing excellent connectivity and access to well-developed social infrastructure, including premier educational institutions.
The site's strategic location also offers connectivity to Baner Balewadi and Hinjewadi, which are key micro markets serving as IT and BFSI hubs in Pune. This connectivity is expected to attract a significant number of professionals and families, further boosting the demand for residential properties in the area.
Gaurav Pandey, Managing Director and Chief Executive Officer of Godrej Properties, stated that the land acquisition aligns with the company’s strategy to strengthen its presence in Pune and expand across high-potential micro markets in leading Indian cities. This move underscores Godrej Properties' commitment to leveraging high-growth areas and providing quality residential options to meet the evolving needs of the market.
Earlier this month, the Mumbai-based real estate company reported a 19 percent increase in booking value to ₹34,171 crore in calendar year 2025. The company also recorded cash collections of ₹18,979 crore in 2025, marking a 28 percent increase compared to the previous year. These robust financial results highlight the company’s strong market position and its ability to capitalize on growth opportunities.
Godrej Properties' strategic land acquisition in Pune is expected to contribute significantly to the company's future growth and profitability. The project in Mahalunge is poised to become a key development in the region, offering high-quality residential options and leveraging the area's strong infrastructure and connectivity.
