Godrej Properties Acquires 8.5-Acre Land Parcel in Pune's Mahalunge Micro-Market with Estimated Revenue Potential of INR 2,000 Crore

Godrej Properties Ltd. (GPL) has acquired an 8.5-acre land parcel in Mahalunge, Pune, through outright purchase. 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 INR 2,000 crore. The land is strategically located in the Mahalunge-Maan-Nande belt, part of the Mahalunge - Hinjewadi micro-market, and benefits from proximity to the upcoming Pune Inner Ring Road and the city's fast-growing Hinjewadi—Balewadi corridor. The location offers convenient access to major IT and BFSI hubs in Pune and benefits from a well-developed social infrastructure.