July 1, 2024: Real estate developer Godrej Properties today announced that it will develop an 11-acre land parcel in Hinjewadi, Pune. The development on this land will comprise primarily group housing and high street retail. The project will have a developable potential of approximately 2.2 million square foot (msf) with an estimated revenue potential of around Rs 1,800 crore.
The land parcel is located near the upcoming Megapolis Metro Station and enjoys easy connectivity to key IT hubs in Hinjewadi, Pune, along with access to schools, hospitals, malls, restaurants and premium hotels.
Gaurav Pandey, MD and CEO, Godrej Properties, said, “Hinjewadi is an important micro market for us in Pune and we are happy to add this land parcel to our portfolio. This further enhances our presence in Pune and fits within our strategy of strengthening our presence across key micro-markets in India. We will aim to build an outstanding gated community that creates long-term value for its residents.”
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Dhwani is a content management expert with over five years of professional experience. She has authored articles spanning diverse domains, including real estate, finance, business, health, taxation, education and more. Holding a Bachelor’s degree in Journalism and Mass Communication, Dhwani’s interests encompass reading and travelling. She is dedicated to staying updated on the latest real estate advancements in India.
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