Godrej Properties Ltd. has announced the outright acquisition of an approximately 8.5-acre land parcel in Mahalunge, Pune, for a residential development project with an estimated revenue potential of about INR 2,000 crore.
The proposed project will primarily consist of group housing and is expected to have a developable potential of nearly 2.1 million square feet. The acquisition forms part of the company’s strategy to expand across high-potential micro-markets in leading Indian cities.
Located in the Mahalunge–Maan–Nande belt, the land parcel is part of the Mahalunge–Hinjewadi micro-market and is situated close to the upcoming Pune Inner Ring Road. The site lies along the Hinjewadi–Balewadi corridor, one of Pune’s fastest-growing regions.
The area benefits from a well-developed social ecosystem, including educational institutions such as Delhi Public School, Mahindra International School and the Symbiosis Centre for Management. It also offers easy access to Baner–Balewadi and Hinjewadi, which are prominent IT and BFSI hubs.
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.”
