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

Property Registration Scandal: 796 Documents Under Scrutiny for Violating Real Estate Laws
Real Estate Pune

Property Registration Scandal: 796 Documents Under Scrutiny for Violating Real Estate Laws

The registration department is investigating 796 property registration documents for non-compliance with real estate regulations, sparking concerns among developers and buyers.

August 1, 2024
Read Article
Maharashtra Weather Alert: Heavy Rainfall Expected in Mumbai, Pune, and Other Districts
Real Estate Pune

Maharashtra Weather Alert: Heavy Rainfall Expected in Mumbai, Pune, and Other Districts

IMD issues yellow alert for Mumbai, red alert for Palghar and Pune; heavy to very heavy rainfall expected in the next 24 hours

August 26, 2024
Read Article
Nagpur Townships Inspected by State-Appointed Panel, Issues Persist
Real Estate Maharashtra

Nagpur Townships Inspected by State-Appointed Panel, Issues Persist

A state-appointed panel inspected several townships in Nagpur, Maharashtra, but issues related to water supply, irrigation clearance, and inspection delays remain unresolved.

September 24, 2024
Read Article
Indore Sees 12.8% Rise in Property Revenue During Festive October
Real Estate

Indore Sees 12.8% Rise in Property Revenue During Festive October

The city of Indore recorded a significant 12.8% increase in property revenue during the festive season in October. According to Balkrishna More, the Deputy Inspector General of Registration for the Indore region, the surge in real estate activity can be a

November 21, 2024
Read Article
Arvind Gurumurthy: A Renowned Legal Expert in M&A, Private Equity, and Corporate Law
Real Estate

Arvind Gurumurthy: A Renowned Legal Expert in M&A, Private Equity, and Corporate Law

Arvind Gurumurthy, a distinguished legal professional, has made significant contributions in the fields of M&A, private equity, and corporate law. With a successful seven-year tenure as Partner at Kochhar & Company, Arvind has extensive experience in hand

December 16, 2024
Read Article
Arthur Laffer Buys $87,156 in NexPoint Diversified Real Estate Trust Stock: A Bullish Signal?
real estate news

Arthur Laffer Buys $87,156 in NexPoint Diversified Real Estate Trust Stock: A Bullish Signal?

Arthur Laffer, the director of NexPoint Diversified Real Estate Trust (NXDT), has made a significant purchase of $87,156 in company stock. This move could signal his confidence in the company's future performance. Investors should consider this as a potential indicator of a bullish market play.

April 8, 2025
Read Article