Godrej Properties' share price saw an uptick on June 17 following the announcement of a new land acquisition in Pune, further strengthening its position in the premium housing segment.
Market Performance
- Godrej Properties' share price rose by 1.6% to reach ₹2,470 per share on June 17.
- The stock reacted positively to the news of a new land acquisition, marking a strategic expansion in a high-demand area.
Major Update: New Land Parcel Acquired in Pune
Godrej Properties has acquired approximately 16 acres of land in Upper Kharadi, Pune.
Key Highlights:
- Development Potential: Around 2.5 million sq. ft.
- Estimated Revenue: Nearly ₹3,100 Crore
- Project Type: Premium group housing and high-street retail
- Strategic Location: Kharadi–Wagholi belt, with proximity to:
- IT Hubs: Viman Nagar, Magarpatta, Hadapsar
- Business Zones: Well-connected infrastructure
Company's Ongoing Expansion Strategy
This latest purchase marks Godrej Properties' second land deal in the Kharadi–Wagholi area in June 2025.
- Combined Revenue Potential from both parcels: Estimated at ₹7,300 Crore
Additionally, earlier this month, the company announced another acquisition:
- Location: Bengaluru
- Land Size: 14 acres
- Development Potential: Around 1.5 million sq. ft.
- Estimated Revenue: ₹1,500 Crore
- Project Focus: Premium housing
Company Overview
Godrej Properties Ltd. is one of India's leading real estate developers, known for its premium residential and commercial projects across key urban centers.
Sales Performance:
- FY25 Target: ₹32,500 Crore in bookings
- FY24 Performance: Sold 15,000 homes worth ₹29,444 Crore
- Highest-ever sales recorded by any Indian real estate company
Summary
- Godrej Properties' share price gained 1.6% amid news of fresh land acquisition in Pune.
- The 16-acre parcel offers a ₹3,100 Crore revenue opportunity through premium residential and retail development.
- This is the company's second purchase in the Kharadi–Wagholi belt in June alone.
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