Mumbai: Godrej Properties Ltd. (BSE: GODREJPROP), one of India’s most trusted real estate brands, has announced the acquisition of a ~16-acre land parcel in Upper Kharadi, Pune.
This strategic move marks the company’s second acquisition this month in the Kharadi-Wagholi corridor, bringing its combined revenue potential from both sites to an estimated ₹7,300 crore.
The newly acquired land parcel will be developed into a premium residential and retail project with an estimated developable area of 2.5 million square feet and an expected revenue potential of ₹3,100 crore.
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Upper Kharadi, a rising micro-market in Pune, is increasingly becoming a sought-after destination for real estate development due to its:
- Strong connectivity to IT and commercial hubs like Viman Nagar, Magarpatta, and Hadapsar
- Access to well-established social infrastructure such as schools, hospitals, shopping malls, restaurants, and luxury hotels
Godrej Properties Expansion Strategy
“Upper Kharadi is one of Pune’s fastest-growing real estate zones,” said Gaurav Pandey, MD & CEO, Godrej Properties.
“This acquisition reflects our long-term commitment to investing in high-opportunity urban markets and delivering thoughtfully planned, future-ready projects that enhance livability and community value.”
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The new project aligns with Godrej Properties’ strategy of expanding in high-demand, urban clusters and reinforces its leadership in India’s premium residential real estate market.
