Godrej Properties Buys Pune Land for Rs. 2,000 Cr Project

Godrej Properties, the Mumbai-based listed real estate developer, announced on January 30 that it has acquired an 8.5-acre land parcel in Pune’s Mahalunge area.

The company plans to develop a residential housing project on the site with an estimated revenue potential of Rs. 2,000 crore and a total development potential of 2.1 million sq ft, according to a regulatory filing.

The land is located in the Mahalunge-Maan-Nande belt, part of the Mahalunge-Hinjewadi micro-market.

Key Highlights

• Godrej Properties buys 8.5 acres in Mahalunge for Rs. 2,000 crore housing project
• Site near Hinjewadi corridor with 2.1 million sq ft development potential
• Pune home sales dip 3% in 2025, launches and registrations also decline

Also, it lies close to the upcoming Pune Inner Ring Road along the rapidly growing Hinjewadi–Balewadi corridor.

The project benefits from well-developed social infrastructure, including leading educational institutions such as Delhi Public School, Mahindra International School, and the Symbiosis Centre for Management. The location also provides convenient access to Baner–Balewadi and Hinjewadi, two major micro-markets and prominent IT and BFSI hubs in Pune.

“Pune is one of India’s most vibrant urban centres, driven by robust infrastructure development and thriving commercial hubs. Mahalunge, with its strategic connectivity and well-planned social ecosystem, demonstrates the city’s growth story and offers customers an ideal blend of convenience and quality living," said Gaurav Pandey, MD and CEO of Godrej Properties.

Also Read: Godrej Properties Achieves Rs 2,600 Cr Sales Debut in Hyderabad

"Acquiring this land parcel marks an important step in our broader strategy to strengthen our presence in Pune and expand across high-potential micro-markets in India’s leading cities. We will aim to deliver thoughtfully designed spaces that create long-term value for residents and meet evolving customer aspirations," Pandey said.