Godrej Properties Launches Rs 3,100 Crore Housing and Retail Project in Pune
Godrej Properties Ltd has acquired 16 acres of land in Upper Kharadi, Pune, to develop a premium housing and retail project with an estimated revenue of Rs 3,100 crore. This acquisition marks the company's continued expansion in the Kharadi-Wagholi belt.
Godrej PropertiesReal EstatePuneHousing ProjectRetail DevelopmentReal Estate MumbaiJun 17, 2025
In a regulatory filing on Tuesday, Godrej Properties announced its plans to develop the 16-acre land parcel. The project will primarily consist of premium group housing and high-street retail, offering a developable potential of about 2.5 million square feet.
This acquisition is the company’s second in the Kharadi-Wagholi belt this month. Together, the two developments are expected to generate a cumulative revenue potential of around Rs 7,300 crore. The company has not disclosed whether the land acquisition was through an outright purchase or a partnership with the landowner.
Gaurav Pandey, Managing Director and CEO of Godrej Properties, highlighted the strategic importance of Upper Kharadi. “This area has rapidly emerged as one of Pune’s most promising real estate corridors, driven by its evolving infrastructure and strong connectivity,” he stated.
On Monday, Godrej Properties also announced a partnership with a landowner to develop a 14-acre premium housing project in Bengaluru. This project is estimated to generate approximately Rs 1,500 crore in revenue, with a saleable area of about 1.5 million square feet.
Earlier this month, Godrej Properties had acquired 14 acres of land in Pune for around Rs 800 crore to develop another housing project. This project is expected to generate a revenue of Rs 4,200 crore, with a developable potential of 3.7 million square feet.
Godrej Properties is a leading real estate developer in India, known for its high-quality projects and strategic land acquisitions. The company's recent moves in Pune and Bengaluru underscore its commitment to expanding its portfolio in key real estate markets.
The company's focus on premium housing and retail projects in growing areas like Upper Kharadi and Bengaluru reflects its confidence in the future of these regions. With a strong emphasis on infrastructure and connectivity, Godrej Properties aims to meet the growing demand for quality living and commercial spaces in these areas.
As the real estate market continues to evolve, Godrej Properties' strategic investments in land and development projects are expected to drive significant growth and revenue for the company. The company's track record of successful projects and its forward-looking approach position it well to capitalize on emerging opportunities in the Indian real estate sector.
Frequently Asked Questions
What is the estimated revenue potential of Godrej Properties' new project in Upper Kharadi, Pune?
The estimated revenue potential of the new project in Upper Kharadi, Pune, is Rs 3,100 crore.
How many acres of land has Godrej Properties acquired in Upper Kharadi, Pune?
Godrej Properties has acquired 16 acres of land in Upper Kharadi, Pune.
What is the developable potential of the new project in Upper Kharadi, Pune?
The developable potential of the new project in Upper Kharadi, Pune, is about 2.5 million square feet.
What other significant land acquisition did Godrej Properties make this month?
Godrej Properties also acquired 14 acres of land in Pune for around Rs 800 crore to develop another housing project.
What is the estimated revenue potential of the 14-acre premium housing project in Bengaluru?
The estimated revenue potential of the 14-acre premium housing project in Bengaluru is Rs 1,500 crore.
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