Mumbai-based, listed developer Godrej Properties announced on January 30 that it has acquired an 8.5-acre land parcel in Pune’s Mahalunge area, where it plans to build a housing project with an estimated revenue of ₹2,000 crore. The project will have a development potential of 2.1 million sq ft, the company said.
"The land is strategically located in the Mahalunge-Maan-Nande belt, is part of the Mahalunge-Hinjewadi micro market, and in proximity to the upcoming Pune Inner Ring Road along the city’s fast-growing Hinjewadi–Balewadi corridor. It benefits from a well-developed social infrastructure, including premier educational institutions such as Delhi Public School, Mahindra International School, and the Symbiosis Centre for Management," the company said in a regulatory filing.
The location offers convenient access to both Baner–Balewadi and Hinjewadi, two prominent micro-markets that serve as major IT and BFSI hubs in Pune.
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“Pune is one of India’s most vibrant urban centres, 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," said Gaurav Pandey, MD and CEO of Godrej Properties.
{{/usCountry}}“Pune is one of India’s most vibrant urban centres, 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," said Gaurav Pandey, MD and CEO of Godrej Properties.
{{/usCountry}}"Acquiring this land parcel marks an important step in our broader strategy to strengthen our presence in Pune and expand across high-potential micro-markets in India’s leading cities. We will aim to deliver thoughtfully designed spaces that create long-term value for residents and meet evolving customer aspirations," Pandey said.
Pune real estate market
Pune real estate market reported a 3% decline in residential sales to 50,881 units in 2025, with H2 sales down 5% to 26,552 units, according to Knight Frank India. The report attributed the slowdown to a period of consolidation following strong growth from 2021 to 2024, noting that demand remained end-user-driven but that homebuyers were increasingly selective amid rising prices.
On the launch side, the report stated that launches decreased by 6% in 2025 to 56,118 units, compared with 2024. In the last six months of 2025, the launches fell by 6% to 29,559 units.
In terms of property registrations in the Pune district, the Pune real estate market recorded 185,657 property registrations in 2025, a 2.3% year-on-year (YoY) decline from 190,025 in 2024. On the other hand, stamp duty collections stood at ₹7,119 crore in 2025, a marginal increase from ₹7,098 crore in 2024, according to data from the Inspector General of Registration and Controller of Stamps, Maharashtra.