K Raheja Corp Acquires 7.43 Acre Land in Pune for Rs 195 Crore to Develop Residential Project
K Raheja Corp, a prominent real estate developer, has acquired a 7.43 acre land parcel in Pune's Mahalunge area for Rs 195 crore. The land will be used for residential development as part of an integrated township project.
K Raheja CorpPuneReal EstateLand AcquisitionResidential ProjectReal Estate PuneAug 05, 2025
The transaction was completed on July 21 through KRC Queens, a subsidiary of K Raheja Corp. The seller was Mahalunge Real Estate Developers, a consortium of developers in the city. Besides the value of the land, the company also paid a stamp duty of more than Rs 13 crore for the transaction. Property consultants estimate that the development potential of the land parcel, according to existing development rules, is around 1.7 million square feet on a built-up area basis.
K Raheja Corp has multiple large residential and office projects in Pune and has been expanding in the city as one of its key focus markets, alongside Mumbai. In Pune, the company has developed premium and luxury residential projects in areas such as NIBM Road, as well as in parts of western Pune. The company's presence in these areas underscores its commitment to providing high-quality living spaces in strategic locations.
In Mumbai, K Raheja Corp has also stepped up its business development efforts. The company recently bought a land parcel at Kandivali in the western suburbs and secured a major redevelopment deal at the plush Malabar Hill neighborhood. These acquisitions and projects highlight the company's strategic approach to capitalizing on high-growth areas and delivering value to its stakeholders.
The acquisition in Pune is part of K Raheja Corp's broader strategy to expand its footprint in key markets. The company's focus on integrated township projects aligns with the growing demand for well-planned, sustainable living environments. By investing in prime locations and leveraging its expertise in real estate development, K Raheja Corp aims to continue its growth trajectory and meet the evolving needs of its customers.
Moneycontrol has reached out to K Raheja Corp for comment on the matter, and the story will be updated if a response is received. This acquisition is a significant step for K Raheja Corp as it strengthens its position in the Pune real estate market and sets the stage for future growth.
Frequently Asked Questions
What is the size of the land parcel K Raheja Corp acquired in Pune?
K Raheja Corp acquired a 7.43 acre land parcel in Pune's Mahalunge area.
How much did K Raheja Corp pay for the land in Pune?
K Raheja Corp paid around Rs 195 crore for the land parcel in Pune.
What is the intended use of the acquired land?
The land is earmarked for residential development as part of an integrated township project.
What other areas does K Raheja Corp focus on besides Pune?
K Raheja Corp also focuses on the Mumbai market, where it has developed projects in areas like Kandivali and Malabar Hill.
What is the estimated development potential of the acquired land?
The estimated development potential of the land parcel is around 1.7 million square feet on a built-up area basis.
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