Godrej Properties has made another decisive move in Pune’s real estate market, acquiring an 8.5-acre land parcel in Mahalunge through outright purchase. The development will primarily focus on group housing and is expected to deliver 2.1 million sq. ft. of developable area, with an estimated revenue potential of around ₹2,000 crore.
The location is strategic—situated in the Mahalunge-Maan-Nande belt, part of the fast-growing Hinjewadi–Balewadi corridor. It benefits from proximity to the upcoming Pune Inner Ring Road, as well as established social infrastructure like Delhi Public School, Mahindra International School, and Symbiosis Centre for Management. With easy access to Baner–Balewadi and Hinjewadi, two major IT and BFSI hubs, the project is positioned to attract both end-users and investors.
Gaurav Pandey, MD & CEO of Godrej Properties, explained the significance of the acquisition: “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 high-potential 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.”
This acquisition adds to Godrej’s growing footprint in Pune, a city that has consistently ranked among India’s most dynamic real estate markets. With demand rising for both premium and mid-income housing, the Mahalunge project could become a flagship development, reinforcing Godrej’s strategy of expanding in high-potential corridors while catering to evolving urban lifestyles.
