Godrej Properties acquires 14-acre land in Pune's Kharadi-Wagholi for a premium residential project. The company expects revenue potential of around ₹4,200 crore.
On Monday, Godrej Properties, announced that it has acquired land in Pune to launch a new residential project. As of 2:00 pm IST, Godrej Properties share price was trading at ₹2,291.20, up by 2.14%.
On a year-to-date basis, the stock has declined by 19.39%, while in the last 3 months it is up by 13.37%. In the last 12 months, the stock has given negative returns of 17.47%. In the longer period of 5 years, the stock has gained 227%.
Godrej Properties Ltd, a prominent real estate developer in India, has announced the development of a 14-acre land parcel situated in the Kharadi-Wagholi area of Pune. This project is planned as a premium residential community and is expected to offer a total developable area of approximately 3.7 million square feet, with a projected revenue potential of around ₹4,200 crore.
The site is strategically positioned close to Kharadi’s major commercial zones and offers convenient access to educational institutions, healthcare facilities, shopping centres, dining options, and luxury hotels. Additionally, it is well-connected to the Chhatrapati Sambhaji Maharaj International Airport.
The Kharadi-Wagholi corridor has become a key residential hotspot in Pune, fueled by its closeness to IT parks and business districts, ongoing infrastructure development, and growing social infrastructure. With steady demand from the expanding professional population, the region has witnessed significant growth, making it a central area in Pune’s evolving real estate landscape.
Gaurav Pandey, MD & CEO, Godrej Properties, said, “Kharadi - Wagholi is one of the most sought-after destinations in Pune, and we are happy to mark our entry into this micro market. This further enhances our presence in Pune and fits within our strategy of strengthening our presence across key micro-markets in India. We will aim to build a high-quality development that creates long-term value for its residents.”
In the quarter ending March 2025, Godrej Properties reported a 35.35% year-on-year increase in revenue from operations, rising to ₹2,646 crore from ₹1,952 crore in the same quarter last year. However, profit after tax (PAT) declined by 19%, falling from ₹471 crore in March 2024 to ₹382 crore in March 2025.
On an annual basis, the company posted strong performance, with revenue from operations growing by 57% year-over-year, reaching ₹6,848 crore in FY25 compared to ₹4,362 crore in FY24. Profit after tax also saw strong growth of 93%, increasing to ₹1,400 crore from ₹725 crore last year, reflecting improved profitability at the full-year level.
Godrej Properties Limited (GPL) is the real estate development arm of the Godrej Group, which was started in 1897 and is today one of India’s most successful conglomerates. Godrej Properties brings the Godrej Group philosophy of innovation, sustainability, and excellence to the real estate industry.
Disclaimer: The article is for informational purposes only and not investment advice.
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