Godrej Acquires Pune Land for Rs 42 Billion Project

03 Jun 2025 CW Team

Godrej Properties Ltd has acquired a 14-acre land parcel in Pune's Kharadi–Wagholi corridor to develop a premium housing project with an estimated revenue potential of Rs 42 billion. The company disclosed the acquisition through a regulatory filing on Monday as part of its continued expansion strategy.

The project is expected to offer 3.7 million square feet of developable area, focused mainly on high-end group housing. Gaurav Pandey, Managing Director and CEO of Godrej Properties, stated, “Kharadi–Wagholi is one of Pune’s most desirable micro-markets. We’re pleased to enter this area and expand our presence in the city.”

He added that the company aims to deliver a high-quality development that ensures long-term value for future residents. Based in Mumbai, Godrej Properties maintains a strong footprint in major Indian metros including the Mumbai Metropolitan Region, Delhi-NCR, Bengaluru, and Pune, and has recently ventured into Hyderabad.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..