With an estimated revenue potential of ~ INR 3,100 crore
MUMBAI,June 17 (The CONNECT)- Godrej Properties Ltd. (GPL) today announced that it will develop ~ 16-acre land parcel in Upper Kharadi, Pune.
The development on this land will primarily comprise premium group housing and high-street retail. The project will have a developable potential of ~ 2.5 million square feet with an estimated revenue potential of ~ INR 3,100 crore on the basis of the current business assumptions.
The land parcel is strategically located within the promising micro-market of Kharadi-Wagholi, offering good connectivity to major commercial hubs, and is in close proximity to IT hubs in Viman Nagar, Magarpatta, and Hadapsar. The location also offers access to well-developed social infrastructure, which includes schools, hospitals, malls, restaurants, and premium hotels, further enhancing the area’s appeal for homebuyers.
Gaurav Pandey, MD and CEO, Godrej Properties, said, this marks our second land acquisition in the micro-market, reflecting both the area’s growing demand and GPL’s commitment to expanding in high-potential urban clusters across India.
“We will aim to create a thoughtfully designed, future-ready development that delivers long-term value and enhances the quality of life for residents,” Pandey said.
