Godrej Properties Leases 11-Acre Land in Pune for Ambitious Rs 1800 Crore Project

Godrej Properties has acquired an 11-acre land parcel in Hinjewadi, Pune, to develop a project worth Rs 1,800 crore, featuring group housing and high-street retail.

Godrej PropertiesPuneReal EstateIndiaHinjewadiReal Estate PuneJun 28, 2024

Godrej Properties Leases 11-Acre Land in Pune for Ambitious Rs 1800 Crore Project
Real Estate Pune:Godrej Properties, a prominent real estate developer in India, has recently secured leasehold rights for an 11-acre land parcel in Hinjewadi, Pune. This strategic acquisition is expected to generate an estimated revenue of Rs 1,800 crore. The project, which will utilize around 2.2 million square feet of developable land, will primarily consist of group housing and high-street retail. This move further solidifies Godrej Properties' position as a leading player in the Indian real estate market.

With this acquisition, Godrej Properties aims to create a holistic living experience for its residents, complete with modern amenities and infrastructure. The project's location in Hinjewadi, a prime area in Pune, will provide easy access to major IT hubs, educational institutions, and other essential services.

Godrej Properties has been at the forefront of India's real estate sector, with a focus on creating sustainable and innovative living spaces. The company's portfolio includes a range of residential, commercial, and township projects across major cities in India.

This new project is expected to be a major milestone in Godrej Properties' growth strategy, as the company looks to expand its presence in Pune and other key markets. With its commitment to quality, transparency, and customer satisfaction, Godrej Properties is poised to set a new benchmark in Pune's real estate sector.

Information
Godrej Properties is a leading real estate developer in India, with a presence in over 100 cities across the country. The company is known for its innovative and sustainable projects, which have earned it numerous awards and recognition in the industry.

Godrej Properties Ltd. is a leading real estate company in India, with a rich legacy of over 125 years. The company is a part of the Godrej Group, one of India's most respected business conglomerates.

Frequently Asked Questions

What is the estimated revenue of the Godrej Properties project in Pune?

The project is expected to generate an estimated revenue of Rs 1,800 crore.

What will be the primary components of the project?

The project will primarily consist of group housing and high-street retail.

What is the location of the project?

The project is located in Hinjewadi, Pune.

What is the total developable land area of the project?

The project will utilize around 2.2 million square feet of developable land.

What is Godrej Properties' focus in the Indian real estate market?

Godrej Properties focuses on creating sustainable and innovative living spaces, with a commitment to quality, transparency, and customer satisfaction.

Related News Articles

Union Budget 2024-25: Revitalizing the Real Estate Sector
Real Estate Mumbai

Union Budget 2024-25: Revitalizing the Real Estate Sector

The real estate sector has high expectations from the upcoming Union Budget 2024-25, seeking policy changes to boost growth and sentiment.

July 20, 2024
Read Article
Clarifying Acquisition Cost for Real Estate Properties Purchased Before 2001 for LTCG Calculations
real estate news

Clarifying Acquisition Cost for Real Estate Properties Purchased Before 2001 for LTCG Calculations

The IT department has clarified the cost of acquisition of real estate properties purchased before 2001 for Long-Term Capital Gains (LTCG) tax calculations.

July 26, 2024
Read Article
Revolutionizing Real Estate: Godrej Properties Launches #WhereTrustResides Initiative
Real Estate

Revolutionizing Real Estate: Godrej Properties Launches #WhereTrustResides Initiative

Transforming the property market through online engagement, property investment, real estate education, and social media marketing.

August 21, 2024
Read Article
Shriram Properties Embarks on Rs 2000 Crore Expansion Plan to Develop 20 Million Sq Ft of Residential and Multi-Use Properties
Real Estate Mumbai

Shriram Properties Embarks on Rs 2000 Crore Expansion Plan to Develop 20 Million Sq Ft of Residential and Multi-Use Properties

Shriram Properties Limited (SPL) has outlined a Rs 2,000 crore expansion plan to develop 20 million sq ft of residential and multi-use properties across its core markets of Bengaluru, Chennai, and Kolkata, while also making its entry into Pune.

August 31, 2024
Read Article
Real Estate Firm's 'Conquer Goa' Ad Sparks Outrage, Goa Government Demands Withdrawal
Real Estate

Real Estate Firm's 'Conquer Goa' Ad Sparks Outrage, Goa Government Demands Withdrawal

Goa government terms real estate developer's advertisement 'objectionable' and 'obnoxious', demands withdrawal of 'conquering Goa' ad

September 13, 2024
Read Article
Mumbai's Skyline Transformed: Over 800 High-Rises Emerge in 16 Years
Real Estate Mumbai

Mumbai's Skyline Transformed: Over 800 High-Rises Emerge in 16 Years

Mumbai has approved over 800 skyscrapers since 2008, mostly in Central Mumbai's former mill lands. The High-Rise Committee evaluates their impact on infrastructure and environment.

September 28, 2024
Read Article