In a significant move to strengthen its presence in Pune’s booming real estate market, Godrej Properties Ltd has announced the launch of a premium residential and retail project in Upper Kharadi. Spanning 16 acres with a developable potential of 2.5 million sq ft, this project is expected to generate a staggering ₹3,100 crore in revenue. The development promises to cater to the rising demand for high-end living spaces in one of Pune’s fastest-growing micro-markets.
📍 Project Overview: Upper Kharadi Premium Development
Project Details
- Developer: Godrej Properties Ltd
- Location: Upper Kharadi, Pune
- Land Area: 16 acres
- Developable Area: ~2.5 million sq ft
- Estimated Revenue: ₹3,100 crore
- Components:
- Premium Group Housing
- High-Street Retail
Strategic Location Advantages
Upper Kharadi is rapidly evolving as a real estate hotspot owing to:
- Excellent connectivity to Viman Nagar, Hadapsar, and Magarpatta
- Proximity to IT hubs and commercial zones
- Well-developed social infrastructure including:
- Schools and hospitals
- Shopping malls and restaurants
- Luxury hotels
🗣️ Leadership Commentary
“Upper Kharadi has rapidly emerged as one of Pune’s most promising real estate corridors, driven by its evolving infrastructure and strong connectivity. This marks our second land acquisition in the micro-market, reflecting both the area’s growing demand and our commitment to expanding in high-potential urban clusters across India,” said Gaurav Pandey, MD & CEO of Godrej Properties.
“We will aim to create a thoughtfully designed, future-ready development that delivers long-term value and enhances the quality of life for residents.”
📊 Quick Facts Table
| Feature | Details |
|---|---|
| Project Location | Upper Kharadi, Pune |
| Developer | Godrej Properties Ltd |
| Total Area | 16 Acres |
| Developable Potential | ~2.5 million sq ft |
| Estimated Revenue | ₹3,100 crore |
| Project Type | Premium Residential + Retail |
| Nearby Hubs | Viman Nagar, Hadapsar, Magarpatta |
| Social Infra Availability | High (schools, hospitals, malls) |
🏗️ Recent Expansion: Another Key Acquisition
Earlier this month (June 2), Godrej Properties also acquired a 14-acre land parcel in the Kharadi-Wagholi belt. This project will feature group housing with a developable area of 3.7 million sq ft and is expected to yield ₹4,200 crore in revenue—further solidifying Godrej’s commitment to this flourishing region.
❓ FAQs
Q1. Where is Godrej Properties’ new project located?
A1. The project is located in Upper Kharadi, part of the Kharadi-Wagholi micro-market in Pune.
Q2. What is the size and expected revenue of the project?
A2. The land spans 16 acres with a developable area of 2.5 million sq ft, and an estimated revenue potential of ₹3,100 crore.
Q3. What type of development is planned?
A3. The project will consist of premium group housing units and high-street retail outlets.
Q4. Why is Upper Kharadi considered a promising location?
A4. The area offers strong connectivity, proximity to IT and business hubs, and excellent social infrastructure.
Q5. Has Godrej made other recent acquisitions in the region?
A5. Yes, on June 2, they acquired a 14-acre land parcel in the Kharadi-Wagholi region with a revenue potential of ₹4,200 crore.