Leading Indian real estate developer Godrej Properties Ltd. (GPL) has revealed intentions to build a new mixed-use complex in Pune. With an expected income of ₹1,800 crore, the facility will be located on an 11-acre plot of land in Hinjewadi, a well-known IT area in the city.
With this calculated land purchase, Godrej Properties’ position in Pune’s thriving real estate sector is strengthened. The project will include both group housing and high-street retail establishments, providing residents with a full range of living and shopping options.
Prime Location with Excellent Connectivity
The project’s strategic location in Hinjewadi provides residents with easy access to major IT hubs, schools, hospitals, shopping malls, restaurants, and premium hotels. The upcoming Megapolis Metro Station situated nearby will further enhance connectivity within the city.
Creating Long-Term Value
“Hinjewadi is a key micro-market for us in Pune, and we are delighted to add this land parcel to our portfolio,” said Gaurav Pandey, MD & CEO of Godrej Properties. “This project aligns with our strategy of expanding our presence across India’s prominent micro-markets. We aim to develop an exceptional gated community that fosters long-term value for its residents.”
Godrej Properties: A Legacy of Excellence
Godrej Properties, headquartered in Mumbai, is a renowned name in the Indian real estate sector. The company has consistently delivered high-quality projects and achieved strong financial performance. Notably, in May 2024, Godrej Properties reported its highest-ever quarterly profit, driven by robust sales and income growth.
This new project in Pune underscores Godrej Properties’ commitment to developing premium living spaces in strategic locations across India. With its focus on quality, innovation, and customer satisfaction, Godrej Properties is poised to make a significant mark on Pune’s ever-evolving real estate landscape.
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