Godrej Properties Acquires 8.5-Acre Land Parcel in Pune’s Mahalunge; Revenue Potential Estimated at ₹2,000 Crore
Godrej Properties Acquires 8.5-Acre Land Parcel in Pune’s Mahalunge; Revenue Potential Estimated at ₹2,000 Crore
Godrej Properties Ltd. has made a fresh addition to its land bank in Pune, putting the spotlight on the stock on Friday, January 30. The Mumbai-based real estate developer announced that it has acquired an 8.5-acre land parcel in Mahalunge, Pune, a move that is expected to significantly strengthen its footprint in the city.
According to the company’s exchange filing, the land has been purchased outright and is located in one of Pune’s rapidly developing micro-markets. The project planned on this parcel will mainly focus on group housing and is estimated to offer a developable area of nearly 2.1 million square feet. Once developed, the project is expected to generate an estimated revenue potential of around ₹2,000 crore.
The site falls within the Mahalunge–Maan–Nande belt and is part of the larger Mahalunge–Hinjewadi micro-market. Its location offers a strategic advantage, as it lies close to the upcoming Pune Inner Ring Road and along the important Hinjewadi–Balewadi corridor, a key growth zone in the city.
Godrej Properties highlighted that the area benefits from strong social infrastructure, including reputed educational institutions. In addition, the land enjoys seamless connectivity to Baner-Balewadi and Hinjewadi—two well-established micro-markets that are known for their concentration of IT and BFSI companies, making the location attractive for residential development.
Commenting on the acquisition, Gaurav Pandey, Managing Director and CEO of Godrej Properties, said that the purchase aligns with the company’s long-term strategy of deepening its presence in Pune while expanding across high-growth micro-markets in major Indian cities.
The development comes on the back of a strong performance by the company in recent months. Earlier in January, Godrej Properties reported a 19% year-on-year rise in booking value, reaching ₹34,171 crore for the calendar year 2025. Cash collections during the same period stood at ₹18,979 crore, reflecting a 28% increase compared to the previous year.
On the stock market front, shares of Godrej Properties Ltd. closed 0.9% higher in the previous trading session at ₹1,563.7 per share. However, despite the recent uptick, the stock has seen a decline of 31.7% over the past year.
