Godrej Properties Ltd., one of India鈥檚 leading real estate developers, has acquired an approximately 16-acre land parcel in Upper Kharadi, Pune. This marks the company鈥檚 second acquisition in the Kharadi鈥揥agholi belt this month, taking the combined estimated revenue potential from both projects to around Rs73 billion (USD 875 million).
The newly acquired site is earmarked for premium group housing and high-street retail development. The project is expected to have a developable area of approximately 2.5 million square feet, with an estimated revenue potential of Rs31 billion (USD 370 million).
Strategically located in the rapidly developing Kharadi鈥揥agholi corridor, the land parcel offers strong connectivity to key commercial zones such as Viman Nagar, Magarpatta, and Hadapsar. It is also surrounded by robust social infrastructure, including top schools, hospitals, malls, fine dining options, and premium hotels鈥攎aking it an attractive destination for homebuyers.
Gaurav Pandey, Managing Director and CEO of Godrej Properties, commented, 鈥淯pper Kharadi has quickly become one of Pune鈥檚 most promising real estate corridors, thanks to its evolving infrastructure and excellent connectivity. This acquisition reflects our continued focus on high-potential urban clusters and underlines our commitment to delivering thoughtfully designed, future-ready developments that improve quality of life.鈥�
With both acquisitions, Godrej Properties strengthens its footprint in Pune鈥檚 high-growth real estate market, reinforcing its strategy of scaling up in established and emerging micro-markets across India.
