Godrej Properties Secures New Project in Pune’s Upper Kharadi: A Strategic Move
Godrej Properties has acquired a new project in Upper Kharadi, Pune, spanning a developable area of 2.5 million square feet. The project is expected to generate a revenue potential of Rs 3,100 crore, reflecting the company's commitment to expanding in high-potential urban clusters.
Godrej PropertiesUpper KharadiReal EstatePuneHousingReal Estate NewsJun 17, 2025
The company stated that the land parcel is strategically located within the promising Kharadi-Wagholi micro-market, offering good connectivity to major commercial hubs and close proximity to IT hubs such as Viman Nagar, Magarpatta, and Hadapsar. The location also offers access to well-developed social infrastructure, including schools, hospitals, malls, restaurants, and premium hotels, further enhancing the area’s appeal for homebuyers.
Gaurav Pandey, MD and CEO, 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. 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. We will aim to create a thoughtfully designed, future-ready development that delivers long-term value and enhances the quality of life for residents.”
Godrej Properties is a leading national real estate developer. It is a real estate arm of Godrej Group. The company currently operates in various cities and focuses on residential, commercial, and township development. With a strong presence in key urban centers, Godrej Properties has a reputation for delivering high-quality, sustainable projects that cater to the evolving needs of modern homebuyers and investors.
The company's consolidated net profit declined 18.9% to Rs 381.99 crore, despite a 48.8% jump in net sales to Rs 2,121.73 crore in Q4 FY25 over Q4 FY24. This fluctuation in financial performance underscores the dynamic nature of the real estate market and the company's strategic focus on long-term growth and sustainability.
Frequently Asked Questions
What is the total developable area of the new project in Upper Kharadi?
The new project in Upper Kharadi, Pune, spans a total developable area of approximately 2.5 million square feet.
What is the estimated revenue potential of the new project?
The estimated revenue potential of the new project is Rs 3,100 crore.
What are the key features of the new development?
The key features of the new development include premium group housing and high-street retail, strategically located in the Kharadi-Wagholi micro-market with good connectivity to major commercial hubs and IT hubs.
Who is the CEO of Godrej Properties?
Gaurav Pandey is the MD and CEO of Godrej Properties.
What is the focus of Godrej Properties in terms of real estate development?
Godrej Properties focuses on residential, commercial, and township development, operating in various cities across India with a commitment to delivering high-quality, sustainable projects.
Related News Articles
Unveiling Luxury Living: Rustomjee Group Launches 180 Bayview in Matunga West
Rustomjee Group introduces 180 Bayview, a luxury residential project in Matunga West, Mumbai, with a target Gross Development Value of INR 1300 crore.
Mumbai's Real Estate Market Soars to New Heights with 12-Year High in Property Registrations
Mumbai's property registrations hit a 12-year high in June 2024, with a significant increase in revenues and registrations, indicating a resilient and strong real estate market.
Mumbai's Real Estate Transformation: Paradigm Realty's Ambitious Redevelopment Projects
Paradigm Realty is set to revitalize Mumbai's real estate market with a massive INR 4,500 crore redevelopment project across 11 housing societies in Bandra and Kandivali.
Mumbai Sees 16% YoY Rise in Property Registrations, Boosted by Economic Growth
Mumbai city witnessed significant growth in July 2024, with 12,160 property registrations contributing over INR 1,055 cr to the state exchequer.
Punjab Launches Real Estate Clearance Camp to Boost Sector Development
The Punjab Housing and Urban Development Department has launched its first-ever real estate clearance camp, addressing pending matters and issuing essential certificates to 51 colonizers. Minister Hardeep Singh Mundian emphasized the camp's role in resolv
Explore Ajay Devgn's Ultra-Luxurious Rs 60 Crore Mumbai Bungalow
Ajay Devgn, the acclaimed Bollywood actor, is known for his diverse roles and charismatic presence on screen. However, his off-screen lifestyle is equally intriguing. From his vast real estate portfolio to his stunning properties in Mumbai and London, thi