Pune: Godrej Properties Ltd acquired an 8.5-acre land parcel through an outright purchase in Mahalunge.The proposed development will primarily comprise group housing and is expected to offer a developable potential of approximately 21 lakh sq ft, with an estimated revenue potential of around Rs 2,000 crore.
The land is located in the Mahalunge-Maan-Nande belt, which is part of the Mahalunge-Hinjewadi micro market. It lies close to the inner ring road.“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,” Gaurav Pandey, MD and CEO, Godrej Properties, said.
