Godrej Properties Share Price in Focus; To Develop ₹4,200 Crore Premium Housing Project in Pune

Godrej Properties Limited has announced the development of a new residential project on a ~14-acre land parcel in the Kharadi-Wagholi area of Pune.

This upcoming project will primarily feature premium group housing units. The total developable potential of the land is estimated at approximately 3.7 million square feet, with an expected revenue potential of around ₹4,200 crore, based on current business assumptions.

Strategic Location Advantage

The land is located near key commercial hubs in Kharadi, offering excellent connectivity to schools, hospitals, shopping malls, restaurants, and luxury hotels. It is also in close proximity to the Chhatrapati Sambhaji Maharaj International Airport, making it a prime choice for homebuyers seeking convenience and quality living.

High-Growth Residential Market

The Kharadi-Wagholi micro-market is emerging as one of Pune’s most sought-after residential corridors. Factors such as growing IT and business presence, expanding infrastructure, and rising social amenities have driven strong demand in the area, particularly among professionals.

Gaurav Pandey, MD & CEO, Godrej Properties, said, “Kharadi - Wagholi is one of the most sought-after destinations in Pune, and we are happy to mark our entry into this micro market. This further enhances our presence in Pune and fits within our strategy of strengthening our presence across key micro-markets in India. We will aim to build a high-quality development that creates long-term value for its residents.”

Godrej Properties Share Price Performance

On June 2, 2025, Godrej Properties share price (NSE: GODREJPROP) opened at ₹2,249.90, up from its previous close of ₹2,243.80. At 10:02 AM, the share price of Godrej Properties was trading at ₹2,235.50, down by 0.37% on the NSE.

Also Read: Godrej Properties is Targeting ₹32,500 Crore Sales in FY26!

Conclusion

This strategic land acquisition reaffirms Godrej Properties’ commitment to expanding its presence in high-potential markets. The project is poised to contribute significantly to Pune’s evolving real estate landscape.

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