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Business Standard
7 days ago
- Business
- Business Standard
Godrej Properties acquires 14-acre land parcel in Kharadi, Pune
To develop group housing project with revenue potential of Rs 4,200 cr Godrej Properties announced that it will develop ~14-acre land parcel in Kharadi - Wagholi, Pune. The development on this land will comprise primarily premium group housing. The project will have a developable potential of ~ 3.7 million square feet with an estimated revenue potential of ~ Rs 4,200 crore. The land parcel is strategically located near major commercial hubs in Kharadi, Pune, and provides access to schools, hospitals, malls, restaurants, and premium hotels. It is also in close proximity to Chhatrapati Sambhaji Maharaj International Airport. The KharadiWagholi micro-market has emerged as one of Pune's high-demand residential corridors, driven by its proximity to major IT and business hubs, improving infrastructure, and growing social amenities. Backed by sustained demand from a rising professional workforce, the region has rapidly evolved into a high-growth residential market and a key driver of Pune's real estate expansion.
Business Standard
7 days ago
- Business
- Business Standard
Godrej Properties acquires land in Pune for premium housing project
Godrej Properties said that it has acquired around 14-acres of land in Kharadi, Pune, for a new residential development project, with a revenue potential of approximately Rs 4,200 crore. The project will primarily feature premium group housing and will offer a developable potential of approximately 3.7 million square feet. Strategically located near key commercial hubs, the land parcel provides excellent connectivity and access to schools, hospitals, malls, restaurants, and premium hotels. It is also situated close to the Chhatrapati Sambhaji Maharaj International Airport. Gaurav Pandey, MD & CEO, Godrej Properties, said, Kharadi - Wagholi is one of the most soughtafter destinations in Pune, and we are happy to mark our entry into this micro market. This further enhances our presence in Pune and fits within our strategy of strengthening our presence across key micro-markets in India. We will aim to build a high-quality development that creates long-term value for its residents. Godrej Properties is a leading national real estate developer. It is a real estate arm of Godrej Group. The company currently operates in various cities and focuses on residential, commercial, and township development. The company's consolidated net profit declined 18.9% to Rs 381.99 crore, despite a 48.8% jump in net sales to Rs 2,121.73 crore in Q4 FY25 over Q4 FY24. The counter rose 0.34% to settle at Rs 2,245.95 on the BSE.
