Godrej Properties acquires 16-acre land parcel in Pune

Mumbai: In one of the biggest property deals in Maharashtra’s industrial and IT hub, Pune, Godrej Properties Ltd has acquired and will develop a 16-acre land parcel in Upper Kharadi.

Development on the land will primarily comprise premium group housing and high-street retail. The project will have a developable potential of around 2.5 million square feet with an estimated revenue potential of Rs 3,100 crore.

The land parcel is strategically located within the promising micro-market of Kharadi-Wagholi, offering good connectivity to major commercial hubs, and is in close proximity to IT hubs in Viman Nagar, Magarpatta, and Hadapsar.

The location also offers access to well-developed social infrastructure, which includes schools, hospitals, malls, restaurants, and premium hotels, further enhancing the area’s appeal for homebuyers.

In a statement, Gaurav Pandey, MD and CEO, Godrej Properties, said: “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.”