Pune: Godrej Properties Acquires 4 Acres Land For Luxury Residential Project At Koregaon Park, To Generate Estimated Revenue of Rs 1,000 Crore

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Pune, 1st April 2023: Godrej Properties Ltd. (GPL) today announced that it has acquired approx 4 acre land parcel near Koregaon Park, an upmarket residential area in Pune. The development on this land will primarily be a luxury group housing project.

The project will have a developable potential of approximately 7.5 lakh square feet with an estimated revenue potential of approximately Rs 1,000 crore.

Koregaon Park has an established physical and social infrastructure. The location offers excellent connectivity to all major social and commercial hubs of Pune city.

Gaurav Pandey, MD & CEO, Godrej Properties, said, “We are happy to acquire this land parcel in one of the most premium locations in Pune. The demand for luxury realty has been strong over the past few years. This will be our first luxury development in the city, and we will aim to build an outstanding residential community that creates long term value for its residents.”