Godrej Properties Eyes ₹4,200 Cr Revenue from New Luxury Project in Pune’s Kharadi-Wagholi

In a significant land deal that signals continued confidence in Pune's real estate market, Godrej Properties has acquired a 14-acre plot in the rapidly developing Kharadi-Wagholi corridor. The acquisition is intended for a premium residential development, with a proposed developable area of 3.7 million square feet and a projected revenue of ₹4,200 crore.

Premium Project Planned in a High-Growth Corridor

The newly acquired land is expected to house a luxury residential project that aligns with Godrej Properties’ long-term strategy of tapping into high-demand urban markets. The large-scale development is aimed at affluent homebuyers seeking branded, sustainable living spaces with access to quality infrastructure and connectivity.

Kharadi-Wagholi: Pune's Rising Star

Situated along the eastern periphery of Pune, the Kharadi-Wagholi corridor has emerged as one of the city’s most dynamic residential zones. The area benefits from proximity to IT hubs like EON IT Park, business centres, the upcoming Chhatrapati Sambhaji Maharaj International Airport, and multiple Special Economic Zones (SEZs). This has drawn a wave of new residents—particularly tech professionals and urban families—seeking convenience and lifestyle value.

With established educational institutions, hospitals, malls, and recreational options in the vicinity, Kharadi-Wagholi is increasingly seen as a self-sufficient residential hub. Developers have been quick to respond to this demand, and Godrej’s latest acquisition signals growing interest in land parcels within this corridor.

Godrej’s Continued Urban Growth Strategy

Godrej Properties, one of India's top real estate developers, has maintained a focused strategy of acquiring land in promising urban corridors. Known for delivering design-led and environmentally sustainable projects, the company has consistently bet on India’s evolving cityscapes—often ahead of the curve. This Pune project follows similar expansions in Mumbai, Bengaluru, and NCR, reflecting the brand’s ambition to lead in high-value residential segments across top Indian cities.

Pune’s Property Market on a Steady Rise

Pune continues to attract both end-users and investors due to its stable economic base, growing IT and services sector, and consistent infrastructure upgrades. The Kharadi-Wagholi region, in particular, is witnessing increased demand for high-end residential options—fuelled by its live-work-play ecosystem and investor confidence. The market outlook for the area remains optimistic, with developers pushing forward with ambitious, lifestyle-focused residential projects.

A Strategic Land Bank Move

Experts have viewed this ₹4,200 crore revenue projection as a validation of Godrej Properties’ astute land banking approach. By locking in key land parcels ahead of market peaks, the developer aims to ensure a steady pipeline of future-ready projects that meet the aspirations of upwardly mobile urban residents.

The upcoming launch in Kharadi-Wagholi is expected to blend smart design, sustainability features, and modern amenities, continuing the brand’s tradition of offering lifestyle-enhancing spaces to India's evolving middle and upper-middle classes.

Disclaimer: This news article is based on public information and announcements made by Godrej Properties. Market projections are indicative and subject to change based on regulatory, financial, and operational developments.