Godrej Properties Limited has announced a significant land acquisition in Pune, securing an 8.5-acre parcel in the fast-growing micro-market of Mahalunge through outright purchase. The acquisition represents a strategic expansion of the company's presence in one of India's most vibrant urban centers.

Project Details and Revenue Potential

The proposed development will focus primarily on group housing and offers substantial scale for the real estate developer. Key project parameters include:

Strategic Location Advantages

The land parcel enjoys a prime location in the Mahalunge-Maan-Nande belt, forming part of the broader Mahalunge-Hinjewadi micro market. The site's strategic positioning offers multiple connectivity and infrastructure benefits:

• Connectivity: Proximity to the upcoming Pune Inner Ring Road along the Hinjewadi-Balewadi corridor
• Educational Infrastructure: Access to premier institutions including Delhi Public School, Mahindra International School, and Symbiosis Centre for Management
• Commercial Access: Convenient connectivity to Baner-Balewadi and Hinjewadi, two prominent micro-markets serving as major IT and BFSI hubs
• Growth Corridor: Located along Pune's fast-developing urban expansion areas

Management Commentary

Gaurav Pandey, MD & CEO of Godrej Properties, emphasized the strategic importance 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."

He further noted that the acquisition marks an important step in the company's broader strategy to strengthen its presence in Pune and expand across high-potential micro-markets in India's leading cities, with a focus on delivering thoughtfully designed spaces that create long-term value for residents.

Company Background

Godrej Properties brings the Godrej Industries Group's 129-year legacy of excellence and trust to the real estate industry, combining innovation, sustainability, and cutting-edge design. The company retained its position as India's largest developer by the value of residential sales achieved in FY 2025 and maintains a strong focus on sustainable development with all developments being third-party certified green buildings since 2010.

Godrej Properties has emerged as India's largest listed residential real estate developer for the second consecutive year in calendar year 2025, based on key operating metrics of booking value and cash collections. The company delivered exceptional performance across all key business parameters, demonstrating strong operational excellence and market leadership.

Outstanding Financial Performance in CY2025

The company achieved remarkable financial results in CY2025, with booking value reaching ₹34,171.00 crore, representing a robust 19% year-over-year growth. Collections performance was even more impressive, growing 28% to ₹18,979.00 crore, indicating strong project execution and cash flow realization.

Strong Quarterly and Year-to-Date Performance

The company maintained its growth trajectory in the current financial year, with Q3 FY26 showing exceptional performance. Booking value for the quarter reached ₹8,421.00 crore, reflecting a substantial 55% year-over-year growth, while collections grew 40% to ₹4,282.00 crore.

For FY26 year-to-date, Godrej Properties recorded booking value of ₹24,008.00 crore, up 25% year-on-year, and collections of ₹12,018.00 crore, reflecting a 19% increase.

Diversified Geographic Presence and Strong Project Portfolio

Godrej Properties demonstrated strong market presence across major residential markets in India. The company's sales were well-diversified geographically, with significant contributions from key metropolitan regions including MMR (₹9,677.00 crore), NCR (₹9,348.00 crore), Bengaluru (₹6,566.00 crore), Pune (₹4,083.00 crore), and Hyderabad (₹3,052.00 crore).

A broad project portfolio supported the growth momentum, with 11 individual projects each generating booking value of more than ₹1,000.00 crore during the year.

Exceptional Long-term Growth Trajectory

The company's sustained performance over the three-year period from CY2022 to CY2025 showcases remarkable compound annual growth rates. Booking value achieved a CAGR of approximately 44%, while collections recorded a CAGR of 35%, demonstrating consistent operational excellence and market expansion.

Gaurav Pandey, MD & CEO of Godrej Properties, commented on the performance: "Delivering this level of growth in 2025, despite 2024 being a high base year, reflects the strength of our portfolio and execution. We remain focused on building on this momentum through excellence in design, construction quality, timely delivery, sustainability and innovation."