Godrej Properties Ltd, one of India’s leading real estate developers, on January 30, announced the acquisition of an 8.5-acre land parcel through outright purchase in the fast-growing micro-market of Mahalunge, Pune. The proposed development will primarily comprise group housing and is expected to offer a developable potential of approximately 2.1 million square feet, with an estimated revenue potential of ₹2,000 crore.
The land, strategically located in the Mahalunge-Maan-Nande belt, is part of the Mahalunge – Hinjewadi micro market, and in proximity to the upcoming Pune Inner Ring Road along the city’s fastgrowing Hinjewadi–Balewadi corridor. It benefits from a well-developed social infrastructure, including premier educational institutions such as Delhi Public School, Mahindra International School, and the Symbiosis Centre for Management.
Additionally, the location offers convenient access to both Baner– Balewadi and Hinjewadi, two prominent micro-markets that serve as 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 highpotential 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.”
The company recenty claimed that it has emerged as the largest listed residential real estate developer in India in Calendar Year 2025 for the second consecutive year, based on key operating metrics of booking value and cash collections. During CY 2025, GPL sold 16,428 homes with a total saleable area of 27.26 million sq. ft., supported by 41 successful project launches across India. Booking value grew 19% yearon-year to₹34,171 crore, representing a CAGR of approximately 44% between CY 2022 and CY 2025.
Collections for the year increased 28% to ₹18,979 crore, translating into a three-year CAGR of 35%. GPL delivered consistent quarterly performance throughout the year, recording booking value of over ₹7,000 crore in each of the four quarters of CY 2025. The company’s sales were well diversified geographically, with key contributions from major residential markets: MMR (₹9,677 crore), NCR (₹9,348 crore), Bengaluru (₹6,566 crore), Pune (₹4,083 crore), and Hyderabad (₹3,052 crore). This performance was driven by a broad and diversified portfolio, with 11 individual projects each generating booking value in excess of ₹1,000 crore during the year.