The project will have a developable potential of approximately 7.5 lakh square feet with an
estimated revenue potential of approximately INR 1,000 crore *
Godrej Properties Ltd. (GPL), (BSE scrip id: GODREJPROP), one of India’s leading real estate
developers, today announced that it has acquired a ~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.
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.”