K Raheja Corp Subsidiary Acquires 7.43-Acre Land in Pune for ₹195 Crore
K Raheja Corp's subsidiary, KRC Queens Pvt Ltd, has purchased a 7.43-acre land parcel near Hinjewadi in Pune for ₹195 crore. The land, earmarked for a township project, offers significant development potential.
Pune Real EstateK Raheja CorpLand AcquisitionTownship ProjectResidential DevelopmentReal Estate PuneAug 05, 2025
The land is reserved for residential construction and is part of a notified integrated township project. As per the agreement, the plot offers a development potential of 1.51 lakh sq metres (16.28 lakh sq ft), translating to a saleable area of around 17 lakh sq ft.
K Raheja Corp’s subsidiary purchased the land from Pune-based Mahalunge Real Estate Developers Pvt Ltd. An email query sent to K Raheja Corp and Mahalunge Real Estate Developers Pvt Ltd did not receive a response. If a response is received, the story will be updated.
K Raheja Corp has been active in the real estate market, with a notable land deal in Mumbai earlier this year. In January 2025, the company entered into an agreement to purchase 5.75 acres of land in Mumbai's Kandivali area for ₹466 crore. The land was sold by Global E-Service Private Limited (formerly The New Vinod Silk Mills) and is located on Ashok Chakravarty Road in Kandivali East. The company bought the land parcel along with the building known as Vinod House.
The Pune real estate market has seen several significant land deals in recent months. On June 2, 2025, Godrej Properties announced the acquisition of a 14-acre land parcel in the Kharadi-Wagholi area. The company plans to develop a group housing project on the site, with a potential developable area of approximately 3.7 million square feet and an estimated revenue potential of ₹4,200 crore.
In February 2025, Pune-based Westcon Space Private Limited, an arm of Solitaire Group, purchased around four hectares (almost 10 acres) of land in Pune's Wagholi area for ₹129 crore, according to property registration documents accessed by Propstack.com. Additionally, in January 2025, Chennai-based Casagrand Millenia Private Limited purchased a land parcel in Pune's Wagholi for ₹126.04 crore, as per property registration documents accessed by Squareyards.
These transactions highlight the growing interest in Pune's real estate market, driven by the city's strategic location and rapid urbanization. K Raheja Corp’s latest acquisition is a significant step in expanding its footprint in the region and capitalizing on the growing demand for residential properties.
Frequently Asked Questions
What is the size of the land parcel acquired by K Raheja Corp in Pune?
The land parcel acquired by K Raheja Corp's subsidiary, KRC Queens Pvt Ltd, in Pune is 7.43 acres.
How much did K Raheja Corp pay for the land in Pune?
K Raheja Corp paid ₹195 crore for the 7.43-acre land parcel in Pune.
What is the development potential of the land acquired in Pune?
The land has a development potential of 1.51 lakh sq metres (16.28 lakh sq ft), translating to a saleable area of around 17 lakh sq ft.
Who sold the land to K Raheja Corp in Pune?
The land was sold to K Raheja Corp by Pune-based Mahalunge Real Estate Developers Pvt Ltd.
What other significant land deals have been made in Pune recently?
Recent significant land deals in Pune include Godrej Properties acquiring a 14-acre land parcel in Kharadi-Wagholi, Westcon Space Private Limited purchasing around 10 acres in Wagholi, and Casagrand Millenia Private Limited buying a land parcel in Wagholi.
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