Godrej Properties Buys 14 Acres in Pune for ₹4,200 Crore Housing Project.

Godrej Properties Ltd, a prominent real estate developer, announced on Monday its acquisition of a 14-acre land parcel in Pune. The company plans to develop a premium group housing project on this site, with an estimated revenue potential of ₹4,200 crore, marking a significant step in its ongoing expansion strategy.

In a regulatory filing, Godrej Properties confirmed the acquisition of the land situated in the Kharadi - Wagholi area of Pune. This strategic purchase underscores the company's focus on key growth markets and its commitment to developing high-value residential properties. The upcoming project is expected to cater to the increasing demand for premium housing in the burgeoning Pune real estate market.