In a strategic move to strengthen its presence in Pune’s burgeoning real estate market, Godrej Properties has acquired a 14-acre land parcel in the high-growth Kharadi-Wagholi corridor. The development promises a group housing project with a revenue potential of ₹4,200 crore, further solidifying the company’s footprint in this prime location. Known for its proximity to key commercial hubs and rapidly improving infrastructure, this new project marks a significant step in Godrej Properties’ expansion strategy across India.
Key Highlights of the Acquisition:
- Location: Kharadi-Wagholi corridor, Pune
- Land Area: 14 acres
- Developable Area: Approx. 3.7 million square feet
- Revenue Potential: ₹4,200 crore
- Nearby Amenities: Close to commercial hubs, schools, hospitals, malls, restaurants, premium hotels, and Chhatrapati Sambhaji Maharaj International Airport
- Target Market: High-demand residential sector fueled by professionals in the IT and business industries
Why Kharadi-Wagholi Corridor?
The Kharadi-Wagholi region has witnessed rapid growth, emerging as one of the most sought-after residential destinations in Pune. The area offers a blend of excellent connectivity, modern infrastructure, and proximity to key employment hubs, making it an attractive choice for professionals working in Pune’s growing IT and business sectors. The rise in demand from a professional workforce has spurred the development of several high-quality residential projects, and Godrej Properties’ latest acquisition aims to capitalize on this growth.
Gaurav Pandey, Managing Director and CEO of Godrej Properties, shared, “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.”
The Pune Real Estate Market in Focus
Pune’s real estate market has witnessed moderate activity over the past year, with housing sales showing signs of softening. According to Knight Frank India, the market is expected to remain stable in 2025. Recent data from the Maharashtra Inspector General of Registration (IGR) also revealed a slight increase in property registrations in April 2025. However, the Pune district experienced a 3% dip in stamp duty collections, reflecting a subdued but stable market outlook.
Despite these trends, the Kharadi-Wagholi corridor continues to be a hotbed for residential development, with per square foot rates ranging from ₹8,000 to ₹12,000.
Developers Active in Kharadi-Wagholi:
- Kolte Patil Developers
- GERA
- Mahindra Lifespaces
These developers have already made their mark in the region, contributing to the corridor’s appeal among investors and homebuyers alike.
Summary Table: Quick Facts
| Attribute | Details |
|---|---|
| Location | Kharadi-Wagholi Corridor, Pune |
| Land Area | 14 acres |
| Developable Area | 3.7 million square feet |
| Revenue Potential | ₹4,200 crore |
| Nearby Amenities | Commercial hubs, schools, hospitals, malls, hotels |
| Proximity to Airport | Chhatrapati Sambhaji Maharaj International Airport |
| Per Sq. Ft Rate in Kharadi | ₹8,000 – ₹12,000 |
FAQ Section:
1. What is the size of the land acquired by Godrej Properties in Pune?
- Godrej Properties has acquired a 14-acre land parcel in Pune’s Kharadi-Wagholi corridor for its upcoming project.
2. What is the expected revenue potential of the project?
- The project is expected to have a revenue potential of ₹4,200 crore.
3. How large is the developable area for the project?
- The project will have a developable area of approximately 3.7 million square feet.
4. What makes the Kharadi-Wagholi corridor a prime location for real estate development?
- The corridor is close to major IT and business hubs, offers excellent infrastructure, and has access to key social amenities such as schools, hospitals, malls, and hotels. It also benefits from proximity to the Chhatrapati Sambhaji Maharaj International Airport.
5. What are the current trends in Pune’s real estate market?
- While housing sales have softened, the market remains stable, with property registrations showing minimal growth. However, the Kharadi-Wagholi region remains a high-demand area for residential projects.