K Raheja Corp Acquires 5.75 Acres in Mumbai’s Kandivali for Rs 466 Crore
Realty developer K Raheja Corp has signed a deal to purchase a 5.75-acre plot along with an existing property in Mumbai’s western suburb of Kandivali East for approximately Rs 466 crore. This strategic move is expected to bolster the company’s presence in
K Raheja CorpReal EstateMumbaiKandivaliAcquisitionReal Estate MumbaiJan 14, 2025
The deal, valued at around Rs 466 crore, marks a strategic expansion for the company, which aims to strengthen its portfolio in the bustling western suburbs of Mumbai.
The property, located in Kandivali East, is a prime location known for its connectivity and amenities.
Kandivali, a well-developed residential and commercial hub, has seen rapid growth in recent years, making it an attractive destination for both residential and commercial real estate projects.
Information
K Raheja Corp is one of the premier real estate developers in India, known for its high-quality projects and innovative designs.
The company has a rich history dating back to 1982 and has successfully delivered over 50 million square feet of real estate across various segments, including residential, commercial, and retail.
With a strong presence in major cities like Mumbai, Pune, and Bangalore, K Raheja Corp has established itself as a trusted brand in the industry.
Details of the Acquisition
The 5.75-acre plot in Kandivali East is a strategic addition to K Raheja Corp's portfolio.
The area is well-connected, with easy access to major highways and public transport.
This makes it an ideal location for developing high-end residential complexes, commercial spaces, and mixed-use projects.
The acquisition includes an existing property, which will likely be redeveloped to maximize the land's potential.
K Raheja Corp’s plans for the plot are ambitious, with the company aiming to create a landmark project that aligns with the growing needs and preferences of the local population.
Future Prospects
The acquisition is seen as a vote of confidence in the real estate market of Mumbai, particularly in Kandivali.
The western suburbs of Mumbai have been witnessing steady growth, driven by infrastructure development, improved connectivity, and a vibrant economy.
K Raheja Corp’s entry into Kandivali East is expected to further boost the area’s appeal and value.
The company’s focus on sustainable and smart living solutions will play a key role in the development of the new project.
K Raheja Corp is committed to incorporating green building practices and advanced technology to create a modern and sustainable living environment.
Conclusion
The acquisition of the 5.75-acre plot in Kandivali East by K Raheja Corp is a significant move that underscores the company’s commitment to growth and innovation in the real estate sector.
With a strong emphasis on quality and sustainability, K Raheja Corp is poised to create a landmark project that will enhance the quality of life for residents and contribute to the economic growth of the region.
For K Raheja Corp, this acquisition represents a step forward in its vision to lead the real estate market with cutting-edge projects that meet the evolving needs of customers.
The company’s strategic investments in prime locations like Kandivali East are a testament to its long-term vision and commitment to sustainable development.
Frequently Asked Questions
What is the value of the land acquired by K Raheja Corp in Kandivali East?
The land acquired by K Raheja Corp in Kandivali East is valued at approximately Rs 466 crore.
Where is the 5.75-acre plot located?
The 5.75-acre plot is located in Kandivali East, a well-developed western suburb of Mumbai.
What are K Raheja Corp's plans for the acquired plot?
K Raheja Corp plans to redevelop the existing property and create a landmark project that includes high-end residential complexes, commercial spaces, and mixed-use developments.
What is K Raheja Corp's focus in the new project?
K Raheja Corp is focusing on sustainable and smart living solutions, incorporating green building practices and advanced technology to create a modern and sustainable living environment.
How will this acquisition impact Kandivali East?
The acquisition is expected to boost the appeal and value of Kandivali East, contributing to the area’s economic growth and enhancing the quality of life for residents.
Related News Articles
Godrej Properties Clears the Air on Kandivali Residential Project
Godrej Properties responds to NSE's clarification demand on Godrej Reserve Project in Kandivali
Maharashtra to Build 12,000 Houses for Dabbawalas and Charmakars under PMAY
Maharashtra Deputy Chief Minister Devendra Fadnavis announces housing project for dabbawalas and charmakars under PM Awas Yojana.
Maha Assembly Polls: Ajit Pawar to Clash with Two Nephews in Baramati and Karjat-Jamkhed
NCP chief and Deputy Chief Minister Ajit Pawar is set to face a significant challenge in the upcoming Maharashtra Assembly elections, as he takes on two of his nephews, Yogendra Pawar and Yash Pawar, in the Baramati and Karjat-Jamkhed constituencies.
Mumbai Continues to Dominate as India’s Largest Residential Real Estate Market
Mumbai has maintained its position as the largest residential real estate market in India, leading in residential sales and new supply among major cities. The robust market performance is attributed to strong sales momentum and significant infrastructure
Trailblazing Participation: All-Girl and Robotic Contingents Redefine Army Day Parade
Pune's Army Day Parade witnessed the historic participation of all-girl and robotic contingents, showcasing advanced military equipment and breaking new ground in military traditions.
Luxury Homes, Toxic Air: The Urban Pollution Paradox in India
Nithin Kamath, a prominent real estate analyst, highlights the growing concern of urban pollution in major Indian cities like Delhi, Mumbai, and Bengaluru. Despite seeing a surge in luxury real estate, these cities struggle with alarming levels of air pol