Godrej Properties Expands with 14-Acre Land Acquisition in Pune
Godrej Properties has acquired a 14-acre land parcel in Kharadi - Wagholi, Pune, with plans to develop premium group housing worth ₹4,200 crore.
Godrej PropertiesKharadi WagholiPunePremium Group HousingReal Estate DevelopmentReal Estate PuneJun 02, 2025
The development on this land will primarily focus on premium group housing. The project will have a developable potential of 3.7 million sq ft with an estimated revenue potential of ₹4,200 crore. Gaurav Pandey, Managing Director & CEO of Godrej Properties, expressed his enthusiasm about the new project, 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.”
Godrej Properties has been experiencing robust growth in recent quarters. In Q4 FY25, the company's booking value grew 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, a year-on-year growth of 31% and guidance achievement of 109%. This was achieved through the sale of 25.73 million sq ft of area, a volume growth of 29%.
NCR, Mumbai, and Bangalore were the key contributors to the booking value for the financial year 2024-25, with contributions of ₹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's continued focus on premium projects and strategic acquisitions underscores its commitment to meeting the growing demand for high-quality residential properties in key markets across India.
Godrej Properties, a leading real estate developer in India, is known for its commitment to delivering premium residential and commercial projects. With a strong presence in major cities, the company continues to expand its footprint and enhance its market position through strategic investments and innovative developments.
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 acquired land?
The development will primarily focus on 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.
Who is the Managing Director & CEO of Godrej Properties?
Gaurav Pandey is the Managing Director & CEO of Godrej Properties.
What are the key markets contributing to Godrej Properties' booking value in FY25?
NCR, Mumbai, and Bangalore were the key contributors to Godrej Properties' booking value in FY25, with contributions of ₹10,523 crore, ₹8,034 crore, and ₹5,089 crore, respectively.
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