Mumbai, January 30, 2026: Godrej Properties Limited (GODREJPROP) on Friday announced the acquisition of an approximately 8.5-acre land parcel in Mahalunge, Pune, through an outright purchase, strengthening its presence in one of the city’s fastest-growing residential micro-markets.
The proposed development is expected to primarily comprise group housing, with a total developable potential of around 2.1 million square feet. The project carries an estimated revenue potential of nearly ₹2,000 crore, based on current business assumptions.
Strategic Location and Development Potential
The acquired land parcel is located in the Mahalunge–Maan–Nande belt and forms part of the broader Mahalunge–Hinjewadi micro-market. The location benefits from proximity to the upcoming Pune Inner Ring Road and lies along the rapidly developing Hinjewadi–Balewadi corridor.The area is supported by well-established social infrastructure, including leading 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, both key commercial hubs catering to IT and BFSI sectors in Pune.
Management Commentary
Commenting on the acquisition, Gaurav Pandey, MD and CEO of Godrej Properties, said Pune continues to be one of India’s most dynamic urban centres, driven by strong infrastructure growth and a vibrant commercial ecosystem. He highlighted Mahalunge’s strategic connectivity and planned social framework as key factors supporting long-term residential demand.Pandey added that the acquisition aligns with the company’s broader strategy to deepen its footprint in Pune and expand across high-potential micro-markets in leading Indian cities, with a focus on delivering thoughtfully designed residential spaces that address evolving customer expectations.
About the Company
Godrej Properties Limited is the real estate arm of the Godrej Industries Group and integrates the group’s legacy of trust with contemporary design, technology, and sustainability practices. The company has consistently focused on residential development across major Indian cities and remains committed to green and sustainable construction practices. As of FY25, Godrej Properties continued to retain its position as India’s largest residential developer by the value of sales achieved.Source:
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