Godrej Properties Limited (GPL) has announced the acquisition of an approximately 8.5-acre land parcel through outright purchase in Mahalunge, a fast-growing micro-market in Pune. The proposed development is expected to generate an estimated revenue potential of around INR 2,000 crore, based on current business assumptions.
The project will primarily comprise group housing and is expected to offer a developable potential of approximately 2.1 million square feet. The land parcel is located in the Mahalunge–Maan–Nande belt and forms part of the Mahalunge–Hinjewadi micro-market.
The site is in proximity to the upcoming Pune Inner Ring Road along the Hinjewadi–Balewadi corridor and benefits from well-developed social infrastructure. Educational institutions in the vicinity include Delhi Public School, Mahindra International School and the Symbiosis Centre for Management. The location also provides convenient access to Baner–Balewadi and Hinjewadi, which are key IT and BFSI hubs in Pune.
Commenting on the acquisition, 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.”
