Godrej Properties Acquires Prime Land in Upper Kharadi, Pune; Plans Premium Project with INR 3,100 Cr Revenue Potential

Godrej Properties (GPL), a leading name in India's real estate sector, has acquired a ~16-acre land parcel in Upper Kharadi, Pune. This marks the company’s second major deal in the Kharadi–Wagholi corridor within a month, highlighting GPL’s growing focus on the Pune real estate market. Together, the two projects in this corridor are estimated to generate INR 7,300 crore in revenue, underlining Godrej’s aggressive expansion strategy in high-demand micro-markets.

Premium Residential and High-Street Retail Development Planned

The newly acquired parcel will be developed into a premium group housing project complemented by high-street retail. With a developable potential of ~2.5 million sq. ft., the project is expected to yield estimated revenues of INR 3,100 crore. Godrej Properties aims to craft a modern lifestyle destination that balances residential comfort with vibrant commercial offerings, appealing to urban homebuyers and aspirational investors alike.

Upper Kharadi: Pune’s Emerging Real Estate Hotspot

Strategically located in Upper Kharadi, part of the rapidly transforming Kharadi-Wagholi micro-market, the land parcel benefits from excellent connectivity to Viman Nagar, Hadapsar, and Magarpatta IT Park—major business hubs in Pune. In addition to strong commercial pull, the location boasts well-developed social infrastructure, including top schools, hospitals, malls, restaurants, and premium hotels, positioning it as a top choice for both residential living and commercial activity.

Strengthening Presence in Pune’s Growth Zones

This acquisition reinforces Godrej Properties' commitment to expanding its footprint in Pune, one of India’s most dynamic urban markets. By securing strategic parcels in emerging zones like Upper Kharadi, GPL is well-positioned to capitalize on rising demand for quality housing and mixed-use developments. The company continues to align its land-buying decisions with areas showing robust economic and infrastructure growth, ensuring strong value generation for stakeholders.

Godrej’s Vision: Sustainable and Scalable Urban Development

Godrej Properties has built a reputation for delivering thoughtfully designed, sustainable real estate across India's top cities. This new venture in Upper Kharadi is expected to follow suit, integrating green building practices, urban design innovations, and tech-driven amenities to create a future-ready living ecosystem. The development aligns with GPL's strategy of delivering scale, quality, and customer-centricity in every project.

Project Highlights:

• Godrej Properties acquires ~16-acre land in Upper Kharadi, Pune

• Second big-ticket deal in the Kharadi-Wagholi corridor in one month

• Combined revenue potential from both land parcels: INR 7,300 crore

• Newly acquired land to yield ~2.5 million sq. ft. of developable space

• Estimated revenue from the latest project: INR 3,100 crore

• Project to include premium group housing and high-street retail

• Excellent access to IT hubs and social infrastructure

• Reinforces Godrej’s aggressive expansion in Pune’s urban growth zones

• Focus on sustainable, modern urban living

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