Godrej Properties has acquired an approximately 8.5-acre land parcel in Mahalunge, Pune through outright purchase. The development will primarily consist of group housing, with an estimated developable potential of around 2.1 million square feet. The project is expected to generate revenue potential of approximately INR 2,000 crore. This acquisition expands Godrej Properties’ presence in Pune.
Strategic Land Acquisition
Godrej Properties Ltd. (GPL) has announced the acquisition of an approximately 8.5-acre land parcel in the fast-growing micro-market of Mahalunge, Pune.
Development Potential
The proposed development will primarily comprise group housing with a developable potential of approximately 2.1 million square feet. The project is estimated to have a revenue potential of approximately INR 2,000 crore.
Location Advantages
The land is strategically located in the Mahalunge-Maan-Nande belt, part of the Mahalunge-Hinjewadi micro-market and in proximity to the upcoming Pune Inner Ring Road. It benefits from a well-developed social infrastructure and convenient access to major IT and BFSI hubs.
Management Commentary
Gaurav Pandey, MD & CEO, Godrej Properties, stated that this acquisition marks an important step in strengthening their presence in Pune and expanding across high-potential micro-markets. The company aims to deliver thoughtfully designed spaces that create long-term value and meet evolving customer aspirations.
Godrej Properties’ Commitment
Godrej Properties combines a legacy of excellence with a commitment to cutting-edge design, technology, and sustainability. In FY 2025, Godrej Properties retained its position as India’s largest developer by the value of residential sales achieved. The company is deeply focused on sustainable development and was ranked #1 globally in the Real Estate and Management sector on the S&P Global’s Dow Jones best in class indices as of December 31st, 2025.
Source: BSE
