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

12 Jun 2023 CW Team

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.

Resources

03 Jun 2026

Jyoti Structures Launches Heat Safety Drive Across Sites

Jyoti Structures (JSL) has strengthened heat safety measures across its project sites and manufacturing facilities as temperatures rise across India. The company has implemented a Summer Safety Plan covering all transmission line projects to address risks related to heat stress, dehydration and worker fatigue.The initiative includes rescheduling work away from peak afternoon temperatures, provision of drinking water, ORS and lemon-salt solutions, and installation of rest shelters near work areas. Daily toolbox talks, worker health monitoring, first-aid preparedness, emergency transport arrange..

MHADA Declares 82 Buildings Most Dangerous in Central and South Mumbai

The Maharashtra Housing and Area Development Authority (MHADA) has declared 82 buildings as most dangerous across Central and South Mumbai and has appealed to residents to vacate immediately. The list, prepared after structural assessments by the authority, identifies buildings judged to pose imminent risk to occupants and to passersby. Local civic bodies have been asked to coordinate evacuations and to make arrangements for temporary shelter and rehabilitation for displaced households. Officials said the authority prioritised buildings with visible structural distress, severe cracking, tiltin..

Damage Reported At Halwara Airport Terminal After First Rains

Severe damage was reported at the terminal of Halwara Airport during the first major rain spell of the season, prompting immediate concern among aviation and local authorities. Images from the site showed water ingress and visible deterioration of the terminal interior, affecting passenger areas and ancillary services. The airport authority suspended certain operations temporarily to assess structural safety and ensure passenger wellbeing. Preliminary inspections have prioritised electrical systems and roof seals to prevent further water ingress. State aviation officials ordered a formal inqui..