Godrej Properties was established in 1990 as the real estate development arm of the Godrej Group, a diversified Indian conglomerate founded in 1897. The company operates in 12 cities across India, including the Mumbai Metropolitan Region, Delhi-NCR, Pune, Bengaluru, and Hyderabad. By FY25, it achieved ₹29,444 crore in pre-sales, making it India's leading listed real estate developer by sales. Pune is not a peripheral market for Godrej — it is one of the company's most active cities, and within Pune, the Manjari belt has attracted sustained and repeated investment.
Godrej Properties has a strong presence in Manjari with projects like Godrej Boulevard, Godrej Urban Retreat, Godrej Parkridge, and Godrej Sky Greens Phase 2, offering modern 1, 2, and 3 BHK apartments with extensive amenities. That volume of investment in a single micro-market reflects a clear, thesis-driven commitment: Godrej Properties identified Manjari early, built out a track record of delivered inventory, and continues to bring new product to buyers here.
With the growth of commercial hubs in Kharadi, Magarpatta, and Hadapsar, many developers identified an opportunity to establish residential projects in Manjari, as the area promises to be a vital support of development and growth. Godrej Properties was among the earliest institutional developers to act on that reading.
Manjari is strategically located on Pune's eastern outskirts, well connected to important nearby areas like Kharadi, Viman Nagar, Keshavnagar, and Magarpatta. Manjari is also close to Pune Junction railway station and the international airport, and the region sits near the Pune-Solapur Highway, also known as NH9, which connects it to the country's southern states. For an IT professional based at EON IT Park in Kharadi — roughly 4 km away — or at SP Infocity and Magarpatta City, Manjari offers residential scale and green open space that inner-city addresses cannot match at comparable price points.
Emerging corridors including Manjari are among the largest beneficiaries of the Ring Road and metro extensions, and entry prices remain meaningfully below the city average. Wagholi, Bhugaon, Kiwale, Manjari, and the broader outer band have all been functional beneficiaries of the Pune Ring Road — the project that, more than any other, is rewriting the price map of the Pune real estate market.
The Godrej project currently tracked in Manjari is Godrej Park Springs, located in Manjari Budruk on the Kharadi-Manjari Road. Godrej Park Springs is a residential apartment project located in Manjari Budruk, East Pune, spanning 4.88 acres and offering finely crafted 2 and 3 BHK apartments housed across 4 high-rise towers (B + G + 23 floors), totalling 752 residences.
The project is constructed on 4.93 acres with 4 towers, each of B+G+7P+23 storeys, housing 2 BHK and 2.5 BHK premium residences. The towers are strategically positioned so that no apartments face each other, ensuring every home enjoys unobstructed views, and the apartments feature spacious balconies — a design choice that distinguishes this project from more densely configured developments in the area.
The project carries MahaRERA registration number P52100026739. Amenities span wellness and recreation: a gymnasium and fitness centre, a health club, a swimming pool suitable for all age groups, a dedicated aerobics space, a mini theatre, expansive landscaped gardens, and tree-lined walkways. The project offers 35-plus amenities in all, including a swimming pool with deck, indoor games, a fully equipped gymnasium, children's play area, and multipurpose court.
The RCC frame structure ensures resilience and structural integrity, while vitrified tiles add a modern finish to living and dining areas. Construction-grade specifications — anti-skid tiles, aluminium windows with mosquito mesh, solar water heaters, CCTV security, and power backup — are consistent with Godrej's standard finish across its Pune East portfolio.
| Configuration | Carpet Area | All-Inclusive Price (approx.) |
|---|---|---|
| 2 BHK | 597 – 606 sq ft | ₹75 Lacs – ₹76.90 Lacs |
| 2.5 BHK | 776 sq ft | From ₹1.00 Cr |
The all-inclusive price of a 2 BHK in Godrej Park Springs starts from ₹75.00 Lacs, with a 597 sq ft unit at ₹75.00 Lacs and a 606 sq ft unit at ₹76.90 Lacs. The all-inclusive price covers the base cost, applicable stamp duty, registration charges, GST, and possession charges. The RERA ID for Godrej Park Springs, located at Manjari, is P52100026739.
Demand for 2 BHK homes in Manjari stands at 67% of total buyer demand while supply is approximately 65%, and 1 BHK accounts for 19% of supply against 25% demand — indicating compact units are the dominant preference in this micro-market, especially 2 BHK flats. Godrej Park Springs, which is anchored in the 2 BHK and 2.5 BHK segment, is therefore well-matched to the prevailing demand profile.
Across Pune, average housing prices reached a record high of ₹6,590 per square foot in 2024, marking an 11% annual increase, with 90,127 units sold during the year. East Pune — with Kharadi, Viman Nagar, and Manjari as its anchors — is identified as a key investment hotspot, and with the upcoming Pune Metro enhancing connectivity, these micro-markets are expected to see capital appreciation of 8–10% over the next three years.
Wagholi, Bhugaon, Kiwale, and parts of Manjari are likely to see meaningful re-rating as the Ring Road and supporting connectivity get fully delivered — buyers entering these markets in 2026 are buying ahead of that re-rating, not after it. The new Pune International Airport at Purandar is the longest-dated infrastructure project on the horizon, but potentially the most significant in terms of demand redistribution — when operational, the eastern and southeastern corridors of Pune will gain a structural demand boost they have not had before.
Godrej Properties has launched multiple projects across prime localities like Hinjewadi, Kharadi, and Manjari, each offering modern architecture, sustainable features, and strategic connectivity. In Pune East specifically, the company has developed or is developing Godrej Boulevard, Godrej Urban Retreat (on the Kharadi-Manjari Road), Godrej Parkridge, Godrej Sky Greens, Godrej River Greens, and Godrej River Crest — the last offering 3 and 4 BHK homes starting from ₹1.99 Cr on Manjari Road, Kharadi.
Over 100,000 families have found a home with Godrej Properties, making it India's largest residential developer by both value and volume of homes sold, combining a 129-year legacy of trust with a forward-looking vision. The company has been ranked the No. 1 real estate company worldwide on both the Dow Jones Sustainability Index and the Global Real Estate Sustainability Benchmark as of December 2025. For a buyer weighing developer risk — a legitimate and often underweighted factor in off-plan purchases — Godrej's institutional scale, BSE and NSE listing, and MahaRERA compliance record provide a layer of assurance that most regional developers cannot match.
