Godrej Properties has acquired a 12-acre land parcel in Pune’s Mundhwa -East for developing a premium housing project. The project will have developable potential of approximately 2.2 million square foot, with estimated revenue potential of approximately Rs 2,000 crore.
Mundhwa-East has established physical and social infrastructure and offers connectivity to all major social and commercial hubs of Pune city. It is also in close proximity to upmarket Koregaon Park.
Mohit Malhotra, MD & CEO, Godrej Properties said, “Mundhwa is an important micro-market in Pune and we are happy to add this land parcel to our portfolio. This will further expand our presence in Pune and fits with our strategy of deepening our presence in established micro markets across India’s leading cities.”
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