Godrej Properties Ltd. (GPL), one of India’s leading real estate developers, has announced the acquisition of a strategically located ~16-acre land parcel in Upper Kharadi, Pune. This marks the company’s second major land acquisition in the Kharadi–Wagholi micro-market this month, significantly strengthening its presence in the city’s rapidly growing eastern corridor.
The newly acquired land parcel will be developed into a premium residential and high-street retail project, with an estimated developable potential of ~2.5 million square feet. The project is expected to generate a revenue potential of approximately ₹3,100 crore, adding to the earlier acquisition’s projection and bringing the cumulative estimated revenue potential to ₹7,300 crore from both developments.
Located in Upper Kharadi, this land parcel sits at the heart of one of Pune’s most sought-after residential and commercial zones. The Kharadi–Wagholi belt is renowned for its rapid infrastructure development, seamless connectivity, and proximity to major IT hubs such as Viman Nagar, Magarpatta, and Hadapsar.
In addition to excellent road connectivity, the region boasts a well-established social ecosystem. Residents will benefit from easy access to top schools, hospitals, shopping malls, restaurants, and premium hotels, making it a highly attractive location for homebuyers and investors alike.
Gaurav Pandey, MD and CEO, Godrej Properties, stated, “Upper Kharadi has rapidly emerged as one of Pune’s most promising real estate corridors, driven by its evolving infrastructure and strong connectivity. This marks our second land acquisition in the micro-market, reflecting both the area’s growing demand and our commitment to expanding in high-potential urban clusters across India. We will aim to create a thoughtfully designed, future-ready development that delivers long-term value and enhances the quality of life for residents.”
