India, June 2 -- Godrej Properties announced on June 2 that it has acquired a 14-acre land parcel in the Kharadi-Wagholi area of Pune. The company plans to develop a group housing project on the site, with a potential developable area of approximately 3.7 million square feet and an estimated revenue potential of Rs.4,200 crore.

The company did not disclose the investment amount for the land acquisition.

According to the company, the land parcel is strategically located near major commercial hubs in Kharadi, Pune, and provides access to schools, hospitals, malls, restaurants, and premium hotels. It is also in close proximity to Chhatrapati Sambhaji Maharaj International Airport.

"Kharadi, Wagholi is one of the most sought-after destinat...