Godrej Properties Develops Premium Housing Project in Pune - Eyes Rs. 3,100 Crore Revenue

• Godrej Properties to Develop 2.5 Million Sq Ft in Upper Kharadi with Rs. 3,100 Crore Revenue Potential
• Second Pune Land Deal in June Pushes Godrej's Kharadi-Wagholi Revenue Target to Rs. 7,300 Crore
• Strategic Expansion: Godrej Taps Pune’s Booming IT Corridor with Future-Ready Urban Housing & Retail Hub

Godrej Properties Ltd on June 17 announced that it will develop a 16-acre land parcel in Upper Kharadi, Pune. The project shall comprise group housing and high-street retail, with a potential developable area of ~2.5 million sq ft and an estimated revenue potential of Rs. 3,100 crore, the company said in a statement.

This is Godrej Properties' second land acquisition this month in the Kharadi - Wagholi belt, taking the estimated assessed revenue potential from the two developments approximately to Rs. 7,300 crore, it said.

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Gaurav Pandey, MD and CEO, Godrej Properties - “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”.

The land parcel is located in the micro-market of Kharadi - Wagholi, which has good connectivity to various commercial hubs, and is in close proximity to prominent IT hubs at Viman Nagar, Magarpatta and Hadapsar. The location is also surrounded by well-developed social infrastructure including schools, hospitals, malls, restaurants and premium hotels which increase its attractiveness to home buyers, it said.

Godrej Properties on June 2 had said that it had acquired a 14-acre land parcel in Kharadi - Wagholi area of Pune, with plans for a group housing project, with a potential developable area of approximately 3.7 million square feet and an estimated revenue potential of Rs. 4,200 crore.