Godrej Properties Expands Pune Presence with Land Acquisition in Mahalunge

Godrej Properties Ltd. has acquired an approximately 8.5-acre land parcel in Mahalunge, Pune, through outright purchase, strengthening its footprint in one of the city’s rapidly developing micro-markets.

The proposed development will largely comprise group housing and is expected to offer a developable potential of around 2.1 million square feet. The project carries an estimated revenue potential of approximately INR 2,000 crore, based on prevailing business assumptions.

The land parcel is strategically located in the Mahalunge–Maan–Nande belt and falls within the Mahalunge–Hinjewadi micro-market. It is close to the upcoming Pune Inner Ring Road and is situated along the fast-growing Hinjewadi–Balewadi corridor.

The location is supported by established social infrastructure, including leading educational institutions such as Delhi Public School, Mahindra International School and the Symbiosis Centre for Management. It also offers connectivity to Baner–Balewadi and Hinjewadi, two major IT and BFSI hubs in Pune.

Gaurav Pandey, MD & CEO, Godrej Properties, said, “Pune is one of India’s most vibrant urban centers, driven by robust infrastructure development and thriving commercial hubs. Mahalunge, with its strategic connectivity and well-planned social ecosystem, demonstrates the city’s growth story and offers customers an ideal blend of convenience and quality living. Acquiring this land parcel marks an important step in our broader strategy to strengthen our presence in Pune and expand across high-potential micro-markets in India’s leading cities. We will aim to deliver thoughtfully designed spaces that create long-term value for residents and meet evolving customer aspirations.”