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

19 Jun 2025 CW Team

Godrej Properties Ltd., one of India’s leading real estate developers, has acquired an approximately 16-acre land parcel in Upper Kharadi, Pune. This marks the company’s second acquisition in the Kharadi–Wagholi belt this month, taking the combined estimated revenue potential from both projects to around Rs73 billion (USD 875 million).

The newly acquired site is earmarked for premium group housing and high-street retail development. The project is expected to have a developable area of approximately 2.5 million square feet, with an estimated revenue potential of Rs31 billion (USD 370 million).

Strategically located in the rapidly developing Kharadi–Wagholi corridor, the land parcel offers strong connectivity to key commercial zones such as Viman Nagar, Magarpatta, and Hadapsar. It is also surrounded by robust social infrastructure, including top schools, hospitals, malls, fine dining options, and premium hotels—making it an attractive destination for homebuyers.

Gaurav Pandey, Managing Director and CEO of Godrej Properties, commented, “Upper Kharadi has quickly become one of Pune’s most promising real estate corridors, thanks to its evolving infrastructure and excellent connectivity. This acquisition reflects our continued focus on high-potential urban clusters and underlines our commitment to delivering thoughtfully designed, future-ready developments that improve quality of life.”

With both acquisitions, Godrej Properties strengthens its footprint in Pune’s high-growth real estate market, reinforcing its strategy of scaling up in established and emerging micro-markets across India.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..