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Godrej Properties has acquired a 16-acre land parcel in Upper Kharadi, Pune, for a new premium housing project. The estimated revenue potential from this project stands at Rs.3,100 crore, expanding the company’s footprint in one of Pune’s key real estate hubs.
Godrej Properties has acquired approximately 16 acres of land in the Upper Kharadi micro-market of Pune. The land will be used to launch a premium group housing project as part of its expansion strategy in high-growth corridors. The proposed development is expected to generate a total estimated revenue of Rs.3,100 crore.
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Land area acquired: 16 acres in Upper Kharadi, Pune
Development type: Premium residential housing
Estimated revenue: Rs.3,100 crore
Location benefit: In-demand residential zone in Kharadi-Wagholi belt
Strategic aim: Strengthening presence across urban micro-markets
This marks a strategic addition to the company’s land bank and reinforces its position in Pune’s thriving real estate market. The development is likely to cater to the rising demand for high-quality residential spaces driven by IT growth and connectivity.
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The acquired land lies in the Kharadi-Wagholi stretch, known for its rapid infrastructure development and strong demand from working professionals. The project will focus on premium housing, designed for the upper mid-income and luxury segments. It will offer nearly 3.7 million square feet of developable area, with an estimated revenue potential of Rs.3,100 crore.
Project Details | Figures |
Location | Upper Kharadi, Pune |
Land Area | Approx. 16 acres |
Development Type | Premium group housing |
Developable Potential | Around 3.7 million sq. ft. |
Estimated Revenue | Rs.3,100 crore |
Upper Kharadi, part of Pune’s eastern corridor, has become a preferred residential hub due to its proximity to IT parks, educational institutions, and the airport. With improved social infrastructure and transport access, developers are investing heavily in this location. Godrej Properties' latest acquisition is a reflection of this trend, showcasing the area's growth potential.
The company’s ongoing investments in Pune support its long-term vision of creating landmark residential projects in emerging micro-markets. This acquisition complements other strategic land deals across India, as the firm expands its footprint beyond metros.
The Godrej Properties share price may continue to reflect market optimism as the company leverages strong demand in cities like Pune. Its ability to unlock high-value revenue from such projects reinforces its reputation as a forward-looking real estate brand.
For investors, this acquisition highlights Godrej Properties’ focus on high-revenue urban locations. For prospective homebuyers, the upcoming development may offer a mix of modern amenities, well-connected location, and superior design—features that align with premium housing preferences.
With demand for branded homes rising in Pune, projects like this are expected to see robust traction upon launch. Investors tracking the Godrej Properties share price are likely to assess this land deal as a positive signal of future earnings and portfolio growth.
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