Godrej Properties acquires ~ 8.5-acre land parcel in Mahalunge, Pune

Godrej Properties Ltd. (GPL), (BSE scrip id: GODREJPROP), one of India’s leading real estate developers, today announced the acquisition of an ~ 8.5-acre land parcel through outright purchase in the fast-growing micro-market of Mahalunge, Pune.

The proposed development will primarily comprise group housing and is expected to offer a developable potential of approximately ~ 2.1 million square feet, with an estimated revenue potential of ~ INR 2,000 crore *

The land is strategically located in the Mahalunge-Maan-Nande belt, is part of the mahalunge - hinjewadi micro market, and in proximity to the upcoming Pune Inner Ring Road along the city’s fast-growing Hinjewadi–Balewadi corridor. It benefits from a well-developed social infrastructure, including premier educational institutions such as Delhi Public School, Mahindra International School, and the Symbiosis Centre for Management. Additionally, the location offers convenient access to both Baner–Balewadi and Hinjewadi, two prominent micro-markets that serve as major IT and BFSI hubs in Pune.

Gaurav Pandey, MD & CEO, Godrej Properties, said, “Pune is one of India’s most vibrant urban centers, driven by robust infrastructure development and thriving commercial hubs. Mahalunge, with its strategic connectivity and well-planned social ecosystem, demonstrates the city’s growth story and offers customers an ideal blend of convenience and quality living. Acquiring this land parcel marks an important step in our broader strategy to strengthen our presence in Pune and expand across high-potential micro-markets in India’s leading cities. We will aim to deliver thoughtfully designed spaces that create long-term value for residents and meet evolving customer aspirations.”