Godrej Buys 14-Acre Land in Pune for Housing
Real Estate

Godrej Buys 14-Acre Land in Pune for Housing

Godrej Properties Ltd has acquired a 14-acre land parcel in the Kharadi–Wagholi area of Pune, with plans to develop premium group housing. The project is expected to yield around 3.7 million square feet of saleable space and generate estimated revenue of approximately Rs 42 billion.

Strategically located near major commercial hubs in Kharadi, the site offers connectivity to key infrastructure such as schools, hospitals, shopping centres, and the Chhatrapati Sambhaji Maharaj International Airport. The Kharadi–Wagholi micro-market is witnessing strong demand driven by its proximity to IT and business zones, making it a prime residential destination in Pune.

Gaurav Pandey, Managing Director and CEO of Godrej Properties, said, “Kharadi–Wagholi is among Pune’s most sought-after residential areas. This acquisition strengthens our presence in Pune and aligns with our broader strategy to expand across key micro-markets in India. We aim to deliver a high-quality development that provides lasting value to its residents.”


Godrej Properties Ltd has acquired a 14-acre land parcel in the Kharadi–Wagholi area of Pune, with plans to develop premium group housing. The project is expected to yield around 3.7 million square feet of saleable space and generate estimated revenue of approximately Rs 42 billion.Strategically located near major commercial hubs in Kharadi, the site offers connectivity to key infrastructure such as schools, hospitals, shopping centres, and the Chhatrapati Sambhaji Maharaj International Airport. The Kharadi–Wagholi micro-market is witnessing strong demand driven by its proximity to IT and business zones, making it a prime residential destination in Pune.Gaurav Pandey, Managing Director and CEO of Godrej Properties, said, “Kharadi–Wagholi is among Pune’s most sought-after residential areas. This acquisition strengthens our presence in Pune and aligns with our broader strategy to expand across key micro-markets in India. We aim to deliver a high-quality development that provides lasting value to its residents.”

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Expands to Global Markets

Vedanta Aluminium has expanded its digital e-commerce platform, Vedanta Metal Bazaar, to international markets, enabling overseas customers to order and purchase aluminium products online.The platform will now be available to buyers across Asia, Europe, Africa and the Americas, providing a digital gateway for export transactions with 24x7 access.In FY26, Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 380 billion, and fulfilled more than 23,000 orders. The platform is also used regularly by more than 550 MSMEs in India alongside large OEM customers.The export ..

Next Story
Infrastructure Urban

Ramky Infrastructure Q1 FY27 Revenue Rises 24.3%

Ramky Infrastructure Limited reported a 24.3% year-on-year increase in consolidated revenue from operations to Rs 471.2 crore for Q1 FY27, compared with Rs 3.79 billion in the corresponding quarter of FY26.Standalone revenue from operations rose 27.5% YoY to Rs 4.51 billion from Rs 3.54 billion, while total standalone income increased 35% to Rs 5.32 billion.Consolidated profit before tax stood at Rs 540.9 million during the quarter. The company highlighted a sharp sequential improvement compared with a pre-exceptional loss of Rs 190.1 million in Q4 FY26.Two of the three projects awarded during..

Next Story
Technology

LTTS Launches AgenticIQ AI Platform for Engineering

L&T Technology Services (LTTS) has launched AgenticIQ, an end-to-end agentic AI platform designed for engineering and manufacturing organisations.The platform is aimed at helping enterprises move beyond isolated AI pilots by enabling autonomous, multi-agent workflows across engineering, product development, manufacturing, industrial operations and customer experience.AgenticIQ is built on LTTS’ Engineering Intelligence portfolio and converts existing engineering capabilities into specialised, reusable AI agents. Its planning-first architecture is embedded into engineering and production ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement