Godrej Properties Share Price in Focus; Acquires 8.5-Acre Land Parcel in Mahalunge, Pune

Godrej Properties Limited has announced the acquisition of an approximately 8.5-acre land parcel in the fast-growing Mahalunge micro-market of Pune, strengthening its footprint in one of India’s most dynamic residential real estate corridors. 

Land Acquisition and Project Scope 

The acquisition has been executed through an outright purchase and is located within the Mahalunge–Maan–Nande belt, part of the high-growth Hinjewadi–Balewadi corridor.  

The proposed development will primarily consist of group housing, offering a developable potential of nearly 2.1 million square feet. The project carries an estimated revenue potential of around ₹2,000 crore, based on current business assumptions. 

The location benefits from strong social infrastructure, including reputed educational institutions such as Delhi Public School, Mahindra International School, and the Symbiosis Centre for Management.  

The project also enjoys excellent connectivity to major IT and BFSI hubs including Baner–Balewadi and Hinjewadi, along with proximity to the upcoming Pune Inner Ring Road. 

Management Commentary 

As per exchange filings, Gaurav Pandey, MD & CEO, Godrej Properties, said, “Pune is one of India’s most vibrant urban centers, driven by robust infrastructure development and thriving commercial hubs. Mahalunge, with its strategic connectivity and well-planned social ecosystem, demonstrates the city’s growth story and offers customers an ideal blend of convenience and quality living.  

Acquiring this land parcel marks an important step in our broader strategy to strengthen our presence in Pune and expand across high-potential micro-markets in India’s leading cities. We will aim to deliver thoughtfully designed spaces that create long-term value for residents and meet evolving customer aspirations.” 

Read More: Why Realty Stocks Are Falling: Godrej Properties, Brigade Enterprises and More Hit 52-Week Lows? 

Godrej Properties Share Price Performance  

As of January 30, 2026, at 11:47 AM, Godrej Properties share price is trading at ₹1,569 per share, reflecting a surge of 0.16% from the previous closing price.  

Conclusion 

The acquisition aligns with Godrej Properties’ strategy of expanding across high-growth urban centres, reinforcing its presence in Pune’s premium residential markets. 

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