K Raheja Corp Acquires 7.4-Acre Land in Pune’s Mahalunge for Rs 200 Crore
K Raheja Corp’s subsidiary, KRC Queens, has purchased a 7.43-acre land parcel in Pune’s Mahalunge for Rs 200 crore, indicating continued confidence in the city’s real estate market, especially in emerging corridors.
Pune Real EstateLand AcquisitionK Raheja CorpMahalungeReal Estate MarketReal Estate PuneAug 05, 2025
The Mumbai-based company has paid stamp duty worth Rs 13.67 crore for the registration of the transaction that took place on July 21, as shown in documents accessed through CRE Matrix, a realty data analytics platform. The location of this plot in Mahalunge, which is part of the Maan-Mahalunge micro-market along the Hinjewadi-Balewadi growth corridor, has seen increasing interest from large developers. This interest is driven by its proximity to the information technology hub of Hinjewadi, upcoming metro connectivity, and civic infrastructure expansion.
The deal indicates realty developers’ continued confidence in Pune’s residential and commercial real estate market, especially in emerging corridors that are witnessing robust demand from homebuyers and businesses. KRC Queens, the acquiring entity, is part of K Raheja Corp group that has developed and operates a portfolio spanning commercial offices, retail, hospitality, and residential projects across key Indian cities.
With this acquisition, the company is expected to further strengthen its presence in the Pune market, which has emerged as one of the most active real estate destinations in the country in recent quarters. Industry experts believe that the development potential of 1.7 million sq ft gives the buyer flexibility to pursue a mix of asset classes based on market demand.
Pune’s housing market is witnessing strong momentum, underpinned by solid economic activity, expanding infrastructure, and shifting homebuyer expectations. Property prices in the city have climbed approximately 15% over the past year, putting it ahead of the national trend. Key infrastructure projects like Pune Metro and Ring Road have played a critical role in boosting real estate demand, especially in areas such as Hinjewadi, Wakad, Baner, and Balewadi, as well as emerging suburban pockets like Punawale, Ravet, and Wagholi.
Frequently Asked Questions
What is the size of the land parcel acquired by K Raheja Corp in Mahalunge?
K Raheja Corp’s subsidiary, KRC Queens, has acquired a 7.43-acre land parcel in Mahalunge, Pune.
How much did K Raheja Corp pay for the land parcel in Mahalunge?
K Raheja Corp paid nearly Rs 200 crore for the land parcel in Mahalunge.
What is the development potential of the acquired land parcel?
The land parcel has a development potential of 1.7 million sq ft built-up area.
Why is the Mahalunge area in Pune attractive for real estate developers?
The Mahalunge area is attractive due to its proximity to the IT hub of Hinjewadi, upcoming metro connectivity, and civic infrastructure expansion.
How has the Pune real estate market performed recently?
Pune’s real estate market is witnessing strong momentum with property prices climbing approximately 15% over the past year, driven by solid economic activity and expanding infrastructure.
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