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.