Gokhale Constructions Expands Footprint with Major Pune Acquisition

Gokhale Constructions has made a significant move by acquiring a 3.5-acre land parcel from the HND Trust for a substantial Rs 311 crore, as disclosed in a recent company release.

The firm announced plans to develop a sizable 16 lakh sq ft residential space integrated with high-end retail facilities, boasting a potential revenue of Rs 2500 crore. This project will also feature a 51,000 sq ft hostel equipped with modern amenities.

Currently, Gokhale Constructions is developing 2 million sq ft of residential and 3 million sq ft of commercial space in prime Pune locations, with an eye on the ripe Mumbai real estate market for future expansions.

(With inputs from agencies.)