Archive · 2 Jun 2025
Godrej Properties Acquires Pune Land for ₹4,200 Crore Revenue
Godrej Properties, a real estate company, has bought a large piece of land in Pune to build new homes.
The company plans to build fancy houses on this 14-acre land and hopes to make a lot of money, around ₹4,200 crore, from it.
The area is close to important places like schools, hospitals, and the airport, making it a good spot for new homes.
Godrej Properties is also aiming to sell 20% more properties in the next few years.
Godrej Properties acquired a 14-acre land parcel in Pune's Kharadi-Wagholi region.
The land acquisition is expected to generate ₹4,200 crore in revenue.
The development will primarily feature premium group housing across 3.7 million square feet.
The location offers accessibility to schools, hospitals, malls, and the airport.
Godrej Properties aims for a 20% growth in bookings by FY2026.
- Who
- Godrej Properties
- What
- Godrej Properties acquired land for property development.
- When
- Announced on Monday, June 2, regarding the deal.
- Where
- Kharadi-Wagholi region of Pune.
- Why
- To expand its real estate portfolio and boost revenue.
- Company
- Godrej Properties
- Location
- Kharadi-Wagholi, Pune
- Land Area
- 14 acres
- Expected Revenue
- ₹4,200 crore
- Development Type
- Premium group housing
- Development Area
- 3.7 million sq ft