Pune Real Estate: K Raheja Corp Subsidiary Acquires 7.43-Acre Land for ₹195 Crore
Mumbai-based real estate developer K Raheja Corp's subsidiary, KRC Queens Pvt Ltd, has acquired a 7.43-acre land parcel in Mahalunge near Hinjewadi, Pune, for ₹195 crore. The land is earmarked for a township project.
Pune Real EstateK Raheja CorpLand AcquisitionTownship ProjectResidential ConstructionReal Estate MumbaiAug 05, 2025
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. According to the documents, K Raheja Corp’s subsidiary purchased the land from Pune-based Mahalunge Real Estate Developers Pvt Ltd. The transaction was registered on July 21, 2025, with a stamp duty payment of ₹13.67 crore.
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 actively expanding its land portfolio in recent years. In January 2025, the company entered into an agreement to purchase 5.75 acres of land in Mumbai's Kandivali area for ₹466 crore. Global E-Service Private Limited (formerly The New Vinod Silk Mills) sold the land to K Raheja's subsidiary, K Raheja Corp Real Estate. The parcel is located on Ashok Chakravarty Road in Kandivali East, and the transaction was signed on December 22, 2024. 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. Godrej Properties announced on June 2, 2025, that it had acquired 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, Chennai-based Casagrand Millenia Private Limited purchased a land parcel in Pune's Wagholi for ₹126.04 crore in January 2025, as per property registration documents accessed by Squareyards.
These land acquisitions indicate a growing trend of developers investing in Pune, driven by the city's strategic location, robust infrastructure, and economic growth. The acquisition by K Raheja Corp highlights the company's commitment to expanding its presence in key markets and leveraging the growth potential of Pune's real estate sector.
Frequently Asked Questions
What is the size of the land parcel acquired by K Raheja Corp's subsidiary in Pune?
K Raheja Corp's subsidiary, KRC Queens Pvt Ltd, acquired a 7.43-acre land parcel in Mahalunge near Hinjewadi, Pune.
How much did K Raheja Corp pay for the land parcel in Pune?
K Raheja Corp paid ₹195 crore for the 7.43-acre land parcel in Mahalunge near Hinjewadi, Pune.
What is the development potential of the land parcel acquired by K Raheja Corp in Pune?
The land parcel 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 did K Raheja Corp's subsidiary purchase the land from?
K Raheja Corp's subsidiary, KRC Queens Pvt Ltd, purchased the land from Mahalunge Real Estate Developers Pvt Ltd.
When was the land deal registered by K Raheja Corp's subsidiary in Pune?
The land deal was registered on July 21, 2025, with a stamp duty payment of ₹13.67 crore.
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