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

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

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.

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.

Next Story
Resources

Morpho Dimensions Set to Cross Rs 1 billion Revenue in FY 25–26

Morpho Dimensions, a venture of acclaimed architecture and design firm Morphogenesis, is transforming India’s office interiors landscape with a technology-first, design-led approach. With a secured orderbook of Rs 700 million and additional projects in the pipeline, the firm is confidently on track to cross Rs 1 billion in revenue in FY 2025–26. By combining Artificial Intelligence (AI), Building Information Modelling (BIM), and Virtual Reality (VR), Morpho Dimensions enables clients to visualise and step into immersive, ready-to-operate workspaces within 90 days—ushering in a new bench..

Next Story
Real Estate

TOTO’s NEOREST Surpasses 4 Million Global Shipments

TOTO has announced that its flagship smart toilet, NEOREST, has surpassed 4 million global shipments as of March 2025, marking a major milestone in the evolution of luxury sanitation and setting a new global benchmark in design-led hygiene innovation. Launched in 1993 with the aim to redefine conventional toilets, NEOREST has consistently merged cutting-edge technology with minimalist design. Over three decades, it has become a category-defining product, earning global acclaim with prestigious honours including the iF Design Award, Red Dot, and Green Good Design Awards. The integrate..

Next Story
Real Estate

Gurgaon’s SPR Set to Cross Rs 1 Lakh Crore in Realty Sales

Gurgaon’s Southern Peripheral Road (SPR) is rapidly evolving into one of India’s most dynamic real estate and infrastructure zones. Once a mere connector between Sohna Road and Golf Course Extension Road, SPR has transformed into a premium urban corridor, with over Rs 1 lakh crore worth of residential and commercial projects launched or in the pipeline. In the last two years alone, developers have launched or announced projects worth Rs 500 billion along SPR—a figure projected to double by 2027, cementing its position among India’s most active micro-markets. Property rates along S..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?