Godrej Properties Acquires 8.5 Acre Pune Land with ₹2,000 Crore Revenue Potential

• Godrej Properties has acquired an 8.5-acre land parcel in Mahalunge, Pune, through an outright purchase.
• The company estimates a revenue potential of ₹2,000 crore from this development, primarily for group housing.
• The proposed project is expected to offer a developable potential of approximately 2.1 million square feet.
• The land is strategically located in the Mahalunge-Hinjewadi micro-market, near the upcoming Pune Inner Ring Road.
• The location provides convenient access to social infrastructure and proximity to IT and BFSI hubs like Baner-Balewadi and Hinjewadi.

Why It Matters: Godrej Properties expands its Pune presence with a significant land acquisition, projecting substantial revenue.