K Raheja Corp Acquires Land in Mahalunge for Rs 195 Crore to Develop Township
K Raheja Corp’s subsidiary, KRC Queens, has purchased a 7.43-acre land parcel in Mahalunge, near Hinjewadi, for Rs 195 crore, aligning with the company's strategic expansion into Pune's high-growth residential market.
K Raheja CorpPuneReal EstateTownship DevelopmentHinjewadiReal Estate PuneAug 06, 2025
The Mahalunge plot acquisition aligns with K Raheja Corp’s strategic expansion into Pune’s high-growth residential market, leveraging proximity to the Hinjewadi IT hub and integrating township amenities. In January 2025, K Raheja Corp had acquired a 5.75-acre Kandivali, Mumbai plot for Rs 466 crore.
The Pune deal follows other notable land acquisitions, including Godrej Properties’ 14-acre Kharadi-Wagholi purchase in June 2025, Solitaire Group’s Rs 129-crore Wagholi deal in February 2025, and Casagrand Millenia’s Rs 126.04-crore Wagholi acquisition in January 2025. These acquisitions reflect the growing interest of developers in strategic locations near major IT hubs and urban centers, driven by the demand for integrated townships that offer a mix of residential, commercial, and recreational spaces.
K Raheja Corp, a leading real estate developer in India, has been actively expanding its portfolio in key metropolitan areas. The company’s focus on integrated townships aims to provide a holistic living experience, combining modern amenities with sustainable development practices. The Mahalunge project is expected to attract a diverse range of residents, from young professionals to families, due to its strategic location and comprehensive facilities.
The Hinjewadi IT hub, located in the vicinity of Mahalunge, is a significant draw for the project. It is home to numerous IT companies and multinational corporations, making it a vibrant hub for employment and economic activity. The proximity to this area is likely to boost the value of the township, as it offers convenient access to jobs, educational institutions, and entertainment options.
In addition to the residential component, the township will likely include commercial spaces, parks, and community facilities, enhancing the overall quality of life for residents. K Raheja Corp’s commitment to sustainable development practices will also ensure that the project is environmentally friendly, aligning with the growing trend of eco-conscious living.
The acquisition of the Mahalunge plot is a strategic move that positions K Raheja Corp to capitalize on the growing demand for high-quality residential and commercial spaces in Pune. The company’s track record of successful projects and its focus on integrated townships make it well-equipped to deliver a world-class development that will meet the needs of the modern urban dweller.
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 purchased a 7.43-acre land parcel in Mahalunge, near Hinjewadi, for Rs 195 crore.
What is the development potential of the Mahalunge plot?
The land offers development potential of 1.51 lakh sq. mtrs. (16.28 lakh sq ft), translating to a saleable area of about 17 lakh sq. ft.
What is the strategic importance of the Mahalunge plot for K Raheja Corp?
The Mahalunge plot acquisition aligns with K Raheja Corp’s strategic expansion into Pune’s high-growth residential market, leveraging proximity to the Hinjewadi IT hub and integrating township amenities.
What other notable land acquisitions have been made in Pune recently?
Other notable land acquisitions in Pune include Godrej Properties’ 14-acre Kharadi-Wagholi purchase in June 2025, Solitaire Group’s Rs 129-crore Wagholi deal in February 2025, and Casagrand Millenia’s Rs 126.04-crore Wagholi acquisition in January 2025.
What are the key features of the proposed township in Mahalunge?
The proposed township in Mahalunge is expected to include residential spaces, commercial areas, parks, and community facilities, enhancing the overall quality of life for residents. K Raheja Corp’s focus on sustainable development practices will also ensure that the project is environmentally friendly.
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