Godrej Properties acquires land in Pune for group housing project

11 Nov 2022 CW Team

Godrej Properties has announced the purchase of a 12-acre parcel of land in Mundhwa-East, Pune. The project is expected to have a developable potential of about 2.2 million sq ft and a revenue potential of Rs 20 billion. This land will be developed primarily for a high-end group housing project.

Mohit Malhotra, Managing Director and CEO, Godrej Properties, said that Mundhwa is an important micro market in Pune. This will further expand the company’s presence in Pune and it fits with its strategy of deepening a presence in established micro markets across India's leading cities.

Godrej Properties stated in its regulatory filing that the location is one of the most centrally located residential areas in Pune, with established physical and social infrastructure and excellent connectivity to all major social and commercial hubs in the city. It is also close to the upscale Koregaon Park.

Also Read
Godrej Properties set to buy 50-acre parcel at Palghar
Rajasthan housing boards earned Rs 23.27 billion

Real Estate

05 Dec 2025

RBI Rate Cut Boosts Confidence Across Housing Market

Industry Context and Market DynamicsThe real estate industry has welcomed the RBI’s rate cut as a timely boost to affordability and demand. With home prices having risen steadily across major markets, even a marginal reduction in interest rates meaningfully strengthens purchasing power, especially for first-time and mid-income buyers.Ashish Jerath, President – Sales & Marketing, Smartworld Developers, observes:“The RBI’s 25-basis-point cut, bringing the repo rate down to 5.25%, is a timely boost for the real estate sector. Lower interest rates reduce borrowing costs, enabling homeb..

BMC Resumes Rs 170 Billion Road Works, Targets 80 per cent By Jan 2026

Following the withdrawal of the southwest monsoon in October, the Brihanmumbai Municipal Corporation (BMC) has restarted work on 645 roads—covering 297.49 kilometres—under its large-scale concretisation programme. Data shows that more than 60 per cent of the resumed works are located in the western suburbs. Officials said the civic body aims to complete concretisation on 80 per cent of the roads where fresh work has begun by January 2026. Launched in 2022, the Rs 170 billion project seeks to concretise 700 kilometres of roads across Mumbai. All civil works were halted during the monsoon ..

India Pushes Digital Shift In Urban Land Mapping

The Department of Land Resources (DoLR) under the Ministry of Rural Development has convened a National Symposium on NAKSHA – the National Geospatial Knowledge-based Land Survey of Urban Habitations – to advance India’s transition to modern, technology-driven land mapping. Speaking at the inaugural session, Secretary Manoj Joshi underscored the urgent need to move revenue departments away from outdated, tape-based methods and rough hand-drawn sketches. He stressed that adopting latitude–longitude-based digital mapping and GIS-linked registration systems is essential for economic stabi..