Godrej Properties Limited has informed the Exchange regarding a press release dated Jun 17, 2025, titled "Press Release".
GODREJPROP · price
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Awaiting price reaction for this filing.
Godrej Properties has acquired a ~16-acre land parcel in Upper Kharadi, Pune, to develop a premium group housing and high-street retail project. The development will have a developable potential of ~2.5 million square feet with an estimated revenue potential of ~INR 3,100 crore. This is the company's second land acquisition in the Kharadi-Wagholi belt in June 2025, taking the cumulative revenue potential from both deals to approximately INR 7,300 crore. The location offers strong connectivity to IT hubs in Viman Nagar, Magarpatta, and Hadapsar, as well as well-developed social infrastructure. MD and CEO Gaurav Pandey highlighted the area's rapid emergence as one of Pune's most promising real estate corridors.
This acquisition signals continued aggressive expansion by Godrej Properties in a high-demand micro-market, boosting its Pune portfolio and future revenue pipeline. Likely positive sentiment for the stock, reinforcing growth momentum in residential and retail real estate.