Mumbai, Feb. 7 -- The project with the total potential saleable area of nearly 5 million square feet has an expected gross developable value (GDV) of approximately Rs 4,000 crore.

The GDV of these projects is nearly 1.72 times the company's current market capitalization of Rs 2,325.35 crore.

Spread over approximately 22 acres within Pune Municipal Corporation Limit, this land is strategically located in South-West part of Pune and boasts scenic surroundings and seamless connectivity to CBD Pune and West-Pune zone.

It offers breathtaking views of the Mutha River to the north, a serene garden reservation to the south ensuring an unobstructed view, and a 90-meter proposed ring road alongside park reservations to the west.

The project has...