Godrej Properties (GPL) will develop a ~16-acre land parcel in Upper Kharadi, Pune.
The development will primarily include premium group housing and high-street retail.
The project has a developable potential of ~2.5 million square feet with an estimated revenue potential of ~₹ 3,100 crore.
This acquisition, the second this month in the Kharadi-Wagholi belt, brings the estimated cumulative revenue potential from the two developments to approximately ₹ 7,300 crore.
The land is strategically located in Kharadi-Wagholi, offering connectivity to commercial and IT hubs.
Gaurav Pandey, MD and CEO, 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. We will aim to create a thoughtfully designed, future-ready development that delivers long-term value and enhances the quality of life for residents.”