Godrej Properties acquires 8.5 acre land in Pune with estimated revenue potential of ₹2,000 crore

Shares of Godrej Properties Ltd. are in focus on Friday, January 30, after the company said it has acquired an 8.5 acre land parcel in Mahalunge, Pune with an estimated revenue potential of ₹2,000 crore.

The company said the land acquisition was via an outright purchase in the fast-growing micro-market of the area. The proposed development will primarily comprise group housing and is expected to offer a developable potential of around 2.1 million square feet, the exchange filing stated.

The land is located on the Mahalunge-Maan-Nande belt and is part of the Mahalunge-Hinjewadi micro-market. It is in proximity to the upcoming Pune Inner Ring Road along the city's Hinjewadi-Balewadi corridor.

Godrej Properties said the location has convenient access to well-developed social infrastructure, including premier educational institutions. It also offers access to both Baner-Balewadi nd Hinjewadi, which are two prominent micro-markets that serve as IT and BFSI hubs in the city.

"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," Gaurav Pandey, MD and CEO of Godrej Properties, said.

Earlier this month, the Mumbai-based real estate firm said it witnessed a 19% increase in booking value to ₹34,171 crore in calendar year 2025. It reported cash collections of ₹18,979 crore in 2025, up 28% from the previous year.

Shares of Godrej Properties Ltd. ended the previous session 0.9% higher at ₹1,563.7 apiece. The stock has declined 31.7% in the past year.

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