Godrej Properties Ltd. (GPL), one of India’s leading real estate developers, has announced its entry into the Kharadi–Wagholi micro-market of Pune with the acquisition of a ~14-acre land parcel. This move is set to pave the way for a premium residential development project with an estimated revenue potential of ₹4,200 crore, covering a developable area of ~3.7 million square feet.

Strategic Location in a High-Growth Real Estate Corridor

The newly acquired land is strategically positioned between Kharadi and Wagholi, two of Pune's most sought-after residential and commercial localities. Kharadi has become a buzzing hub thanks to its proximity to IT parks, business zones, and corporate offices, making it a hotspot for working professionals. On the other hand, Wagholi has witnessed a massive uptick in housing demand due to improved infrastructure, affordability, and connectivity to major parts of Pune.

The land parcel benefits from excellent connectivity to various parts of Pune. It is situated near Chhatrapati Sambhaji Maharaj International Airport, ensuring ease of travel for frequent flyers. In addition, the region offers top-tier schools, hospitals, restaurants, malls, and luxury hotels, making it an ideal location for premium group housing projects.

Details of the Project and Revenue Potential

The upcoming project by Godrej Properties will focus on premium group housing, targeting the growing base of professionals and high-income families looking for modern, well-connected, and luxurious living spaces. With ~3.7 million sq. ft. of developable potential, the project is expected to generate estimated revenues of around ₹4,200 crore over its lifecycle.

This is in line with Godrej Properties’ strategy to focus on high-potential micro-markets and scale its presence in fast-developing cities like Pune.

Kharadi-Wagholi: Emerging as Pune’s Real Estate Growth Engine

The Kharadi–Wagholi corridor has gained momentum over the last few years due to several factors:

• Proximity to major IT parks such as EON IT Park and World Trade Center

• Rapid development of social and civic infrastructure

• Strong transportation networks including planned metro connectivity

• Increasing demand for quality housing among IT professionals

This region has become a preferred residential destination for buyers looking to strike a balance between workplace proximity and lifestyle convenience. The influx of working professionals has driven up both the demand and capital appreciation potential in the area, making it an ideal destination for developers like Godrej Properties.

Godrej’s Expansion Strategy and Vision for Pune

Speaking on the acquisition, Gaurav Pandey, MD & CEO, Godrej Properties, expressed confidence in the potential of this project. He 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.”

Godrej Properties has been aggressively expanding its portfolio across India’s top real estate hubs, including Mumbai, Bangalore, NCR, and now Pune. The firm is known for its timely project execution, green-certified buildings, and commitment to innovation and sustainability.

What This Means for Homebuyers and Investors

For homebuyers, this project presents an opportunity to invest in a prime location with future appreciation potential. Given the track record of Godrej Properties in building luxury, well-amenitized housing projects, buyers can expect world-class design, top-notch construction, and modern facilities.

For investors, the Kharadi-Wagholi project could deliver attractive returns due to its location advantages, increasing demand from the IT workforce, and the developer's strong brand reputation. The region is likely to witness significant capital appreciation over the coming years.

Godrej Properties: A Legacy of Trust in Real Estate

With over three decades of experience, Godrej Properties has built a reputation as one of India’s most trusted and admired real estate brands. The company integrates cutting-edge design, sustainability, and technology into its projects, and has consistently delivered landmark developments across metros.

This new Pune venture aligns perfectly with its long-term vision to expand into key micro-markets and solidify its position as a pan-India developer with a diversified project pipeline.

Conclusion: A Big Boost for Pune’s Premium Housing Segment

The acquisition of the 14-acre land parcel in Kharadi-Wagholi marks a significant milestone for Godrej Properties and Pune’s real estate market. As the city continues to grow as an IT and business hub, premium housing will remain in high demand, and this project is well-positioned to cater to that need.

With its strategic location, strong developer brand, and ambitious scale, the project is expected to be one of the most prominent real estate developments in Pune over the coming years.

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