Godrej Properties Share Price Surges 2% After Acquiring Prime Land in Pune
Godrej Properties, a leading real estate developer, saw its shares rise up to 2.17% to hit an intraday high of ₹2,482.90 per share on Tuesday, June 17, 2025. At 9:25 AM, the shares were trading 1.39% higher at ₹2,463.80 per share. In comparison, the BSE Sensex was trading 0.25% lower at 81,591.74 levels.
The surge in Godrej Properties shares can be attributed to the company's recent acquisition of an approximately 16-acre land parcel in Upper Kharadi, Pune. In a press release, the real estate developer announced that the project will primarily feature premium group housing and high-street retail, with a developable potential of around 2.5 million square feet and an estimated revenue of ₹3,100 crore.
Upper Kharadi has rapidly emerged as one of Pune’s most promising real estate corridors, driven by its evolving infrastructure and strong connectivity. Gaurav Pandey, MD and CEO of Godrej Properties, stated, “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.”
This marks the company’s second acquisition in the Kharadi–Wagholi belt this month, taking the total revenue potential from both projects to around ₹7,300 crore. The site is strategically located near major IT and commercial hubs like Viman Nagar, Magarpatta, and Hadapsar, and also benefits from strong social infrastructure, including schools, hospitals, malls, and hotels, making it an attractive destination for homebuyers.
Godrej Properties, part of the Godrej Industries Group, is among the leading real estate developers in India. Known for developing residential, commercial, retail, and IT projects, the company emerged as India’s largest real estate developer by residential sales value in FY24. The market capitalisation of Godrej Properties is Rs 74,236 crore, according to BSE. The company falls under the BSE200 category. The 52-week low of Godrej Properties stock is Rs 1,869.50, while its 52-week high is Rs 3,400 per share.
