India, Jan. 30 -- 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 Rs.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 Cen...