Godrej Properties Limited has informed the Exchange regarding a press release dated Jun 02, 2025, titled "Press Release".
GODREJPROP · price
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Godrej Properties has acquired an approximately 14-acre land parcel in the Kharadi-Wagholi area of Pune to develop a premium group housing project. The project will have a developable potential of around 3.7 million square feet and an estimated revenue potential of approximately INR 4,200 crore (based on current business assumptions). The land is strategically located near major commercial hubs in Kharadi and close to Chhatrapati Sambhaji Maharaj International Airport. This marks the company's entry into the Kharadi-Wagholi micro-market, which it describes as one of Pune's high-demand residential corridors driven by IT and business hub proximity. The acquisition is part of Godrej Properties' broader strategy to strengthen its presence across key micro-markets in India.
This land acquisition adds a significant project pipeline with over INR 4,200 crore in potential revenue, reinforcing the company's growth trajectory in Pune. For shareholders, this signals continued business expansion and could be viewed positively given the high-demand location and scale of the project.