Godrej Properties Invests Rs 7,300 Crore in Twin Projects in Pune’s Kharadi-Wagholi Corridor
Godrej Properties Ltd has announced its second land acquisition this month in Pune’s rapidly developing Kharadi-Wagholi corridor, pushing the total estimated revenue potential from both deals in the region to approximately Rs 7,300 crore.
In its latest transaction, the company has acquired a 16-acre land parcel in Upper Kharadi. The proposed development will comprise premium group housing and high-street retail, with a total developable potential of around 2.5 million sq ft and an expected revenue potential of Rs 3,100 crore, according to an official company statement.
Located within the high-demand Kharadi-Wagholi micro-market, the new project site boasts excellent connectivity to key IT and commercial hubs, including Viman Nagar, Magarpatta, and Hadapsar. Its proximity to well-established social infrastructure such as reputed schools, hospitals, shopping malls, and hotels adds to the area’s appeal for prospective homeowners and investors.
“Upper Kharadi has rapidly emerged as one of Pune’s most promising real estate corridors, driven by evolving infrastructure and strong connectivity. This marks our second land acquisition in the micro-market, reflecting both the area's growing demand and our commitment to expanding in high-potential urban clusters across India,” said Gaurav Pandey, MD & CEO of Godrej Properties. “We aim to deliver a thoughtfully designed, future-ready development that adds long-term value to the community”.
Earlier this month, on June 2, Godrej Properties had announced the acquisition of a 14-acre land parcel in the same region. That site will host a group housing project with a projected developable area of around 3.7 million sq ft and revenue potential of Rs 4,200 crore.
These back-to-back acquisitions reinforce the company’s strategy to deepen its footprint in key growth corridors across India. The projects are expected to boost the local real estate market and attract more investments to the region, further solidifying Pune’s position as a major real estate hub in India.
