Godrej Properties Launches Rs 3,100 Crore Housing and Retail Project in Pune
Godrej Properties Ltd has acquired a 16-acre land parcel in Upper Kharadi, Pune, to develop a housing-cum-retail project with an estimated revenue of Rs 3,100 crore. This marks the company's second major land acquisition in the Kharadi-Wagholi belt this month, potentially yielding a cumulative revenue of Rs 7,300 crore.
Godrej PropertiesHousing ProjectRetail ProjectReal Estate DevelopmentPuneReal Estate MumbaiJun 17, 2025
The project will primarily comprise premium group housing and high-street retail. The development will have a developable potential of about 2.5 million square feet with an estimated revenue potential of around Rs 3,100 crore. This is the company's second land acquisition this month in the Kharadi-Wagholi belt, taking the estimated cumulative revenue potential from the two developments to about Rs 7,300 crore.
Gaurav Pandey, MD and CEO of Godrej Properties, said, 'Upper Kharadi has rapidly emerged as one of Pune's most promising real estate corridors, driven by its evolving infrastructure and strong connectivity.'
On Monday, Godrej Properties announced a partnership with a landowner to develop a 14-acre premium housing project in Bengaluru with an estimated revenue of Rs 1,500 crore. The proposed development is expected to offer approximately 1.5 million square feet of saleable area with an estimated revenue potential of about Rs 1,500 crore.
Earlier this month, Godrej Properties acquired 14 acres of land in Pune for around Rs 800 crore to develop a housing project. The company expects a revenue of Rs 4,200 crore from the Pune project, which has a developable potential of 3.7 million square feet.
Godrej Properties is one of the leading real estate developers in the country, known for its commitment to sustainable and innovative projects. The company's strategic acquisitions and partnerships in prime locations like Upper Kharadi and Bengaluru reflect its strong market position and growth potential in the real estate sector.
Frequently Asked Questions
What is the total estimated revenue from the new project in Upper Kharadi, Pune?
The estimated revenue from the new housing-cum-retail project in Upper Kharadi, Pune, is Rs 3,100 crore.
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.
Is this the first land acquisition by Godrej Properties in the Kharadi-Wagholi belt this month?
No, this is the second land acquisition by Godrej Properties in the Kharadi-Wagholi belt this month. The first acquisition was a 14-acre land parcel in Pune for around Rs 800 crore.
What other major project has Godrej Properties announced recently?
Godrej Properties has also announced a partnership with a landowner to develop a 14-acre premium housing project in Bengaluru with an estimated revenue of Rs 1,500 crore.
Who is the CEO of Godrej Properties?
The CEO of Godrej Properties is Gaurav Pandey.
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