Godrej Buys 16-Acre Plot in Pune's Upper Kharadi

18 Jun 2025 CW Team

Godrej Properties Ltd. (GPL), one of India’s top real estate developers, has acquired a 16-acre land parcel in Upper Kharadi, Pune, marking its second land deal in the Kharadi–Wagholi corridor this month. The cumulative revenue potential from both projects in the area is now estimated at approximately Rs 73 billion.

The newly acquired land will be developed into a premium residential and high-street retail project with a developable area of roughly 2.5 million square feet. This latest development alone is expected to generate around Rs 31 billion in revenue.

Strategically positioned in the Kharadi-Wagholi micro-market, the site offers strong connectivity to key commercial hubs and is close to major IT zones in Viman Nagar, Magarpatta, and Hadapsar. The location also benefits from robust social infrastructure, including reputable schools, hospitals, malls, restaurants, and luxury hotels—making it an attractive choice for homebuyers.

Gaurav Pandey, Managing Director and CEO of Godrej Properties, commented:

“Upper Kharadi has rapidly emerged as one of Pune’s most promising real estate corridors, driven by its evolving infrastructure and strong connectivity. This marks our second land acquisition in the micro-market, reflecting both the area's growing demand and our commitment to expanding in high-potential urban clusters across India. We aim to deliver a thoughtfully designed, future-ready development that adds long-term value and enhances residents’ quality of life.”

With this move, Godrej Properties continues to strengthen its presence in key urban markets while responding to strong housing demand in India’s fastest-growing real estate corridors.

Infrastructure Transport

06 Aug 2026

Surya Roshni delivers customised lighting for NCRTC RRTS stations

Surya Roshni has supplied customised indoor lighting solutions for 18 elevated stations on the National Capital Region Transport Corporation's (NCRTC) Rapid Rail Transit System (RRTS), strengthening its presence in India's infrastructure lighting segment.The project involved the design and deployment of lighting systems for platforms, concourses, foot overbridges (FOBs) and back-of-house (BOH) areas. According to the company, the luminaires were developed specifically to meet NCRTC's design, operational and performance requirements rather than using standard products.Surya introduced two custo..

Hilton debuts Tapestry Collection brand in Vietnam

Hilton has opened NHAAN Resort & Spa Hoi An, Tapestry Collection by Hilton, marking the debut of the Tapestry Collection brand in Vietnam and expanding its lifestyle hospitality portfolio in Southeast Asia.Located along the Co Co River in Cam Thanh village, the 174-key resort provides access to Hoi An Ancient Town, Cua Dai Beach and the Cam Thanh Nipa Forest. The property has been designed by Vietnamese architect Vo Trong Nghia, incorporating biophilic architecture, locally sourced materials and riverfront landscapes.The resort offers a mix of guest rooms and suites, including family-frien..

Electrent expands lithium energy storage system portfolio

Electrent Energy has expanded its lithium-based energy storage portfolio with the launch of the ESS 850 and ESS 1050, targeting compact and maintenance-free power backup solutions for Indian homes.The new systems integrate a Home UPS and a LiFePO4 lithium battery into a single unit, extending the company's product range following the launch of its ESS 1350 and ESS 2500 models.Designed for apartments and smaller homes, the ESS 850 provides up to 1 hour 15 minutes of backup, while the ESS 1050 offers up to 1 hour 45 minutes on a typical 400 W household load. The systems can power essential appli..