Godrej Properties Limited (GPL) has announced the acquisition of an approximately 8.5-acre land parcel through an outright purchase in Mahalunge, Pune. This development is expected to have a developable potential of around 2.1 million square feet and an estimated revenue potential of ₹2,000 crore. The land is strategically located in the Mahalunge-Maan-Nande belt, part of the Mahalunge-Hinjewadi micro-market, and is in proximity to the upcoming Pune Inner Ring Road. This location offers convenient access to the Hinjewadi–Balewadi corridor, which are major IT and BFSI hubs, and benefits from well-developed social infrastructure. Gaurav Pandey, MD & CEO of Godrej Properties, stated that Pune is a vibrant urban center with robust infrastructure and commercial hubs. He highlighted Mahalunge's strategic connectivity and well-planned social ecosystem, which offers an ideal blend of convenience and quality living. This acquisition is a significant step in GPL's strategy to strengthen its presence in Pune and expand across high-potential micro-markets in India's leading cities. Godrej Properties, a leading real estate developer, is part of the Godrej Industries Group and focuses on innovation, sustainability, and excellence. In FY 2025, GPL was India's largest developer by the value of residential sales. The company has a strong commitment to sustainable development and has received numerous awards for its practices.
