Godrej Properties Ltd. (GPL), a real estate developers, has announced the acquisition of a ~16-acre land parcel in Upper Kharadi, Pune. This marks the company’s second land deal in the Kharadi–Wagholi corridor within the same month, pushing the combined estimated revenue potential from both projects to approximately INR 7,300 crore.
The newly acquired land will be developed as a premium residential project with integrated high-street retail. The project is expected to offer a total developable area of around 2.5 million square feet, translating to an estimated revenue of ~INR 3,100 crore. The development aims to cater to aspirational homebuyers seeking a blend of urban convenience and modern living.
Upper Kharadi, part of the fast-evolving Kharadi-Wagholi belt, has become a high-demand micro-market due to its strategic location and connectivity. The area is well-linked to Pune’s prominent business zones and IT hubs, including Viman Nagar, Magarpatta, and Hadapsar. It also benefits from robust social infrastructure—schools, healthcare facilities, malls, restaurants, and upscale hotels—making it a sought-after location for both end-users and investors.
Gaurav Pandey, MD & CEO of Godrej Properties, emphasized that this expansion in Upper Kharadi reflects the company’s strategy to deepen its presence in high-growth urban clusters. He stated that the upcoming development would be thoughtfully planned to meet future lifestyle needs and enhance the overall quality of life.
