+
K Raheja’s project sells Rs 1,100 cr properties in 90 days
Real Estate

K Raheja’s project sells Rs 1,100 cr properties in 90 days

Real estate firm K Raheja Corp announced that its housing division has successfully sold properties worth Rs 1,100 crore in a luxury residential project situated in South Mumbai during the March quarter. K Raheja Corp Homes, the residential business segment of the K Raheja Corp group, achieved an extraordinary feat by generating a record-breaking revenue of Rs 1,100 crore prior to the formal launch. This remarkable sales performance was accomplished within a span of just 90 days, specifically in the fourth quarter of the previous fiscal year, as stated by the company.

The project responsible for this exceptional achievement is Raheja Modern Vivarea, which is strategically located in the Mahalaxmi micro-market. The project was officially launched during the last quarter of FY23 and features a total saleable area of 10 lakh square feet, comprising only two towers.

The demand for luxury residential properties has witnessed a significant surge over the past two years.

Real estate firm K Raheja Corp announced that its housing division has successfully sold properties worth Rs 1,100 crore in a luxury residential project situated in South Mumbai during the March quarter. K Raheja Corp Homes, the residential business segment of the K Raheja Corp group, achieved an extraordinary feat by generating a record-breaking revenue of Rs 1,100 crore prior to the formal launch. This remarkable sales performance was accomplished within a span of just 90 days, specifically in the fourth quarter of the previous fiscal year, as stated by the company.The project responsible for this exceptional achievement is Raheja Modern Vivarea, which is strategically located in the Mahalaxmi micro-market. The project was officially launched during the last quarter of FY23 and features a total saleable area of 10 lakh square feet, comprising only two towers.The demand for luxury residential properties has witnessed a significant surge over the past two years.

Related Stories

Gold Stories

Next Story
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code