Shares of Godrej Properties Ltd ended higher on Friday after the real estate developer announced the acquisition of an 8.5 acre land parcel in Mahalunge, Pune, through an outright purchase. The stock settled at ₹1,576.95, up 0.74%, with a market capitalisation of ₹47,499 crore.

In an exchange filing, the company said the land is located in the fast-growing Mahalunge-Maan-Nande belt, part of the Mahalunge-Hinjewadi micro-market, and is close to the upcoming Pune Inner Ring Road along the Hinjewadi-Balewadi corridor, one of the city’s key growth zones.

The proposed development will primarily comprise group housing and is expected to have a developable potential of around 2.1 million sq ft, with an estimated revenue potential of about ₹2,000 crore.

Godrej Properties said the location benefits from well-developed social infrastructure, including reputed educational institutions such as Delhi Public School, Mahindra International School and the Symbiosis Centre for Management. The area also offers easy access to Baner–Balewadi and Hinjewadi, prominent micro-markets housing major IT and BFSI hubs in Pune.

Commenting on the acquisition, Gaurav Pandey, Managing Director and CEO, said Pune remains one of India’s most vibrant urban centres, supported by strong infrastructure development and commercial activity. He added that Mahalunge’s strategic connectivity and planned social ecosystem make it an attractive residential destination.

“Acquiring this land parcel marks an important step in our strategy to strengthen our presence in Pune and expand across high-potential micro-markets in India’s leading cities. We aim to deliver thoughtfully designed spaces that create long-term value for residents and meet evolving customer aspirations,” Pandey said.

Booking value grew 19% YoY to ₹34,171 crore in CY25

Earlier this month, the company informed stock exchanges that it emerged as the largest listed residential real estate developer in India in calendar year 2025 for the second consecutive year, based on booking value and cash collections. During CY2025, Godrej Properties sold 16,428 homes with a saleable area of 27.26 million sq ft, supported by 41 project launches.

Booking value rose 19% year-on-year to ₹34,171 crore, translating into a CAGR of around 44% between CY2022 and CY2025, while collections grew 28% to ₹18,979 crore, implying a three-year CAGR of 35%. Booking value exceeded ₹7,000 crore in each quarter of CY2025.

Sales were geographically diversified, led by MMR (₹9,677 crore), NCR (₹9,348 crore), Bengaluru (₹6,566 crore), Pune (₹4,083 crore) and Hyderabad (₹3,052 crore), with 11 projects generating booking value of over ₹1,000 crore each.

In FY26 year-to-date, the company recorded booking value of ₹24,008 crore, up 25% year-on-year, and collections of ₹12,018 crore, up 19%. In Q3 FY26, booking value jumped 55% year-on-year to ₹8,421 crore, while collections rose 40% to ₹4,282 crore.

The board of Godrej Properties is scheduled to meet on February 5 to consider and approve the December quarter earnings.

(DISCLAIMER: The views and opinions expressed by investment experts on fortuneindia.com are either their own or of their organisations, but not necessarily that of fortuneindia.com and its editorial team. Readers are advised to consult certified experts before taking investment decisions.)