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Godrej Properties Acquires 14 Acres in Pune for ₹4,200 Crore Housing Project

The firm is targeting Pune’s high-demand Kharadi–Wagholi corridor with a 3.7 million square foot project designed to meet surging IT-driven housing needs.

Pune real estate market update: Godrej Properties announced on June 2 that it has acquired a 14-acre land parcel in the Kharadi-Wagholi area of Pune(Picture for representational purposes only)

Overview

  • On June 2, Godrej Properties closed on a 14-acre parcel in Pune’s Kharadi–Wagholi corridor to mark its entry into the micro-market.
  • The developer plans to build premium group housing spanning about 3.7 million square feet with an estimated revenue potential of ₹4,200 crore.
  • The site offers proximity to Chhatrapati Sambhaji Maharaj International Airport, major IT hubs, schools, hospitals and retail amenities.
  • Market sources estimate the acquisition cost at around ₹800 crore, although Godrej Properties has not officially disclosed the purchase price.
  • This deal follows the firm’s recent land bank buildup that secured ₹26,500 crore in project potential last fiscal and reinforces its micro-market expansion across key Indian cities.