Godrej Properties Ltd. (GPL), one of India’s leading real estate developers, has acquired an approximately 8.5-acre land parcel through outright purchase in Mahalunge, a fast-growing residential micro-market in Pune. The proposed project is estimated to generate revenue of around ₹2,000 crore, based on current business assumptions.
The development will primarily comprise group housing and is expected to offer a developable potential of nearly 2.1 million square feet. The acquisition aligns with Godrej Properties’ strategy to deepen its presence in high-growth urban corridors across India’s major cities.
The land parcel is strategically located within the Mahalunge–Maan–Nande belt and forms part of the Mahalunge–Hinjewadi micro-market, one of Pune’s most active residential and commercial zones. The location enjoys proximity to the upcoming Pune Inner Ring Road and lies along the rapidly developing Hinjewadi–Balewadi corridor, a key employment belt anchored by IT and BFSI hubs.
The project site is supported by well-established social infrastructure, including reputed educational institutions such as Delhi Public School, Mahindra International School, and the Symbiosis Centre for Management. It also offers seamless connectivity to Baner–Balewadi and Hinjewadi, making it attractive for both end-users and long-term investors.
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.”
Pune continues to be a key focus market for large developers, supported by sustained housing demand, infrastructure upgrades and strong employment fundamentals. Godrej Properties’ latest acquisition underscores growing developer confidence in the city’s western growth corridors, particularly locations aligned with future infrastructure and commercial expansion.
*On the basis of current business assumptions.
