Mumbai / Pune, June 17, 2025 – Godrej Properties Ltd has secured a 16-acre land parcel in Pune’s burgeoning Upper Kharadi micro-market, setting the stage for a premium housing-cum-retail development expected to drive around ₹3,100 crore in revenue.
Project Highlights
- Land & Location: The parcel, situated in the Kharadi–Wagholi belt—well-connected to IT hubs like Viman Nagar, Magarpatta, and Hadapsar—offers strong infrastructure and amenity support.
- Development Scope: Godrej plans to create about 2.5 million sq ft of premium group housing integrated with high-street retail, targeting upscale residential appeal.
Strategic Momentum & Market Context
- Second Major Investment in June: This latest acquisition follows an earlier purchase this month of a 14-acre plot in Kharadi with ₹4,200 crore revenue potential. Combined, the two projects could generate approximately ₹7,300 crore from the same micro-market.
- Investor Response: Upon announcement, Godrej Properties’ share price rose about 2 percent, reaching a high of ₹2,477.4 on the BSE—highlighting investor optimism.
Leadership Commentary
Gaurav Pandey, MD & CEO of Godrej Properties, commented:
“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.”
Broader Expansion Strategy
This purchase aligns with Godrej Properties’ larger growth blueprint. On June 2, the firm confirmed a ₹1,500 crore residential project on a 14-acre plot in East Bengaluru (Hoskote). Moreover, Q4 FY25 saw the company post record bookings of ₹10,163 crore—its highest quarterly tally, up 7 percent year-on-year.
Outlook
Godrej Properties’ aggressive land strategy in Pune and Bengaluru is tapping into high-growth urban corridors. With combined sales potential exceeding ₹8,600 crore, the firm is well-positioned to sustain momentum. Success hinges on swift execution, pricing aligned to market dynamics, and delivering premium infrastructure that meets rising buyer expectations.
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