Godrej Properties has acquired a nearly 16-acre land parcel in Upper Kharadi, Pune. This is the company’s second land deal in the Kharadi–Wagholi belt this month. Together, the two projects are expected to generate a combined revenue of approximately Rs 7,300 crore, based on current business estimates.
Godrej Properties eyeing Rs 3,100 cr revenue from this project
The newly acquired land will be used to develop premium group housing along with high-street retail spaces. The project is expected to have a developable potential of around 2.5 million square feet and could fetch an estimated revenue of Rs 3,100 crore.
Godrej Properties eyeing Rs 1,500 crore revenue from another Bengaluru project
The announcement came just a day after the company announced plans to develop a premium residential project on a 14-acre land parcel in Hoskote, East Bengaluru.
The upcoming project in Bengaluru is expected to offer around 1.5 million square feet of saleable area. The estimated revenue potential from this development is approximately Rs 1,500 crore.
This is another major addition to Godrej’s presence in East Bengaluru, following the success of its earlier project, Godrej Woodscapes.
Godrej Properties Planned premium homes with Rs 4,200 crore revenue potential
In another announcement on June 2, The company revealed the plan of acquiring a ~14-acre land parcel in the Kharadi–Wagholi area, Pune to develop a premium residential project on this land.
According to the company, the project will have a developable potential of approximately 3.7 million square feet. The estimated revenue potential from this project stands at around Rs 4,200 crore, based on current business assumptions.
Godrej Properties expanding presence in Pune
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.”
Upper Kharadi site is close to key IT hubs like Viman Nagar, Magarpatta, and Hadapsar. It also benefits from well-established social infrastructure, including schools, hospitals, malls, restaurants, and luxury hotels—making it an attractive area for homebuyers.
The share price of Godrej Properties recorded significant gains on June 17 following the announcement. The stock rose by up to 2.17 per cent to hit an intraday high of Rs 2,482.90 per share. Over the past month, the stock has gained 9.58 per cent, rising by Rs 214.