Godrej Properties Acquires 16-Acre Land Parcel in Pune to Strengthen Presence

Godrej Properties Limited (GPL), a leading real estate developer in India, has announced the acquisition of an approx. 16-acre land parcel in Upper Kharadi, Pune. This strategic move comes shortly after the company’s earlier acquisition in the same micro-market this month. With this development, Godrej aims to bolster its footprint in one of Pune’s most promising real estate corridors, leveraging the location’s growing demand, robust connectivity, and developed infrastructure.

Expansion into High-Growth Corridor

The new land parcel will be used to develop premium group housing and high-street retail projects. The proposed development is estimated to yield approximately 2.5 million square feet of space, with a revenue potential of around ₹3,100 crore. Along with the earlier land purchase this month in the Kharadi–Wagholi region, the total projected revenue stands at nearly ₹7,300 crore.

Upper Kharadi is considered a high-potential urban cluster owing to its excellent connectivity with major commercial centres such as Viman Nagar, Hadapsar, and Magarpatta. The area also offers established social infrastructure, including hospitals, schools, shopping malls, restaurants, and luxury hotels, making it a sought-after destination for homebuyers and investors.

Leadership’s Outlook on the Region

Commenting on the development, Gaurav Pandey, Managing Director and CEO of Godrej Properties, said, “Upper Kharadi has rapidly emerged as one of Pune’s most promising real estate corridors, driven by its evolving infrastructure and strong connectivity. This marks our second land acquisition in the micro-market, reflecting both the area's growing demand and our commitment to expanding in high-potential urban clusters across India.”

He further emphasised the company’s vision to create a thoughtfully designed, future-ready residential and retail hub that adds long-term value for residents and stakeholders alike.

Read More: Godrej Properties to Launch Premium Residential Project on 14-Acre Parcel in Hoskote, Bengaluru!

Godrej Properties Share Price Performance 

As of June 17, 2025, at 11:48 AM, Godrej Properties share price is trading at ₹2,444.60 per share, reflecting a surge of 0.42% from the previous closing price. Over the past month, the stock has surged by 9.57%.

Conclusion

With this strategic acquisition, Godrej Properties has further cemented its position in Pune’s competitive real estate landscape. The focus on Upper Kharadi aligns with the company’s broader growth trajectory of tapping into rapidly developing urban areas, backed by innovation, sustainability, and a legacy of trust.

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