Pune Real Estate Market: K Raheja Corp Subsidiary Acquires 7.43-Acre Land for ₹195 Crore
K Raheja Corp's subsidiary, KRC Queens Pvt Ltd, has purchased a 7.43-acre land parcel in Mahalunge near Pune for ₹195 crore, marking a significant move in the city's real estate market.
Pune Real EstateK Raheja CorpLand AcquisitionReal Estate MarketTownship ProjectReal Estate NewsAug 05, 2025
The land, reserved for residential construction, 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.
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 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) 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 recently. In a similar transaction, 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 transactions highlight the growing interest in Pune’s real estate market, driven by the city's strategic location, robust infrastructure, and economic growth. Developers are increasingly looking to capitalize on the city's potential, making significant investments in land acquisitions and development projects.
Frequently Asked Questions
What is the size of the land parcel acquired by K Raheja Corp's subsidiary?
K Raheja Corp's subsidiary, KRC Queens Pvt Ltd, acquired a 7.43-acre land parcel in Mahalunge near Pune.
How much did K Raheja Corp pay for the land?
K Raheja Corp paid ₹195 crore for the 7.43-acre land parcel.
What is the development potential of the acquired land?
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 did K Raheja Corp acquire the land from?
K Raheja Corp’s subsidiary purchased the land from Pune-based Mahalunge Real Estate Developers Pvt Ltd.
What other significant land deals have been made in the Pune real estate market recently?
In June 2025, Godrej Properties acquired a 14-acre land parcel in the Kharadi-Wagholi area. In February 2025, Westcon Space Private Limited purchased around four hectares of land in Pune's Wagholi area for ₹129 crore. In January 2025, Casagrand Millenia Private Limited purchased a land parcel in Pune's Wagholi for ₹126.04 crore.
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