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 Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..