K Raheja Corp Subsidiary Acquires 7.43-Acre Land in Pune for Rs 1.95 Bn
Real Estate

K Raheja Corp Subsidiary Acquires 7.43-Acre Land in Pune for Rs 1.95 Bn

The land, earmarked for residential development, is part of a notified integrated township project. It offers a development potential of 1.51 lakh sq metres (16.28 lakh sq ft), translating into an estimated saleable area of around 17 lakh sq ft.

KRC Queens purchased the plot from Pune-based Mahalunge Real Estate Developers Pvt Ltd. The deal involved a stamp duty payment of Rs 13.67 crore.

This acquisition further strengthens K Raheja Corp’s presence in the Pune real estate market, particularly in the high-growth Mahalunge-Hinjewadi corridor.

No official comments have been received from either K Raheja Corp or Mahalunge Real Estate Developers at the time of publication.

Previous Land Deal in Mumbai:
Earlier this year, in January 2025, K Raheja Corp entered into a separate agreement to acquire a 5.75-acre land parcel in Mumbai’s Kandivali East for Rs 466 crore. The property, located on Ashok Chakravarty Road, was purchased from Global E-Service Pvt Ltd (formerly The New Vinod Silk Mills), and includes a building named Vinod House.

These back-to-back acquisitions indicate K Raheja Corp’s aggressive land banking strategy across key urban centres. 

News source: Hindustan Times

The land, earmarked for residential development, is part of a notified integrated township project. It offers a development potential of 1.51 lakh sq metres (16.28 lakh sq ft), translating into an estimated saleable area of around 17 lakh sq ft.KRC Queens purchased the plot from Pune-based Mahalunge Real Estate Developers Pvt Ltd. The deal involved a stamp duty payment of Rs 13.67 crore.This acquisition further strengthens K Raheja Corp’s presence in the Pune real estate market, particularly in the high-growth Mahalunge-Hinjewadi corridor.No official comments have been received from either K Raheja Corp or Mahalunge Real Estate Developers at the time of publication.Previous Land Deal in Mumbai:Earlier this year, in January 2025, K Raheja Corp entered into a separate agreement to acquire a 5.75-acre land parcel in Mumbai’s Kandivali East for Rs 466 crore. The property, located on Ashok Chakravarty Road, was purchased from Global E-Service Pvt Ltd (formerly The New Vinod Silk Mills), and includes a building named Vinod House.These back-to-back acquisitions indicate K Raheja Corp’s aggressive land banking strategy across key urban centres. News source: Hindustan Times

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Expands to Global Markets

Vedanta Aluminium has expanded its digital e-commerce platform, Vedanta Metal Bazaar, to international markets, enabling overseas customers to order and purchase aluminium products online.The platform will now be available to buyers across Asia, Europe, Africa and the Americas, providing a digital gateway for export transactions with 24x7 access.In FY26, Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 380 billion, and fulfilled more than 23,000 orders. The platform is also used regularly by more than 550 MSMEs in India alongside large OEM customers.The export ..

Next Story
Infrastructure Urban

Ramky Infrastructure Q1 FY27 Revenue Rises 24.3%

Ramky Infrastructure Limited reported a 24.3% year-on-year increase in consolidated revenue from operations to Rs 471.2 crore for Q1 FY27, compared with Rs 3.79 billion in the corresponding quarter of FY26.Standalone revenue from operations rose 27.5% YoY to Rs 4.51 billion from Rs 3.54 billion, while total standalone income increased 35% to Rs 5.32 billion.Consolidated profit before tax stood at Rs 540.9 million during the quarter. The company highlighted a sharp sequential improvement compared with a pre-exceptional loss of Rs 190.1 million in Q4 FY26.Two of the three projects awarded during..

Next Story
Technology

LTTS Launches AgenticIQ AI Platform for Engineering

L&T Technology Services (LTTS) has launched AgenticIQ, an end-to-end agentic AI platform designed for engineering and manufacturing organisations.The platform is aimed at helping enterprises move beyond isolated AI pilots by enabling autonomous, multi-agent workflows across engineering, product development, manufacturing, industrial operations and customer experience.AgenticIQ is built on LTTS’ Engineering Intelligence portfolio and converts existing engineering capabilities into specialised, reusable AI agents. Its planning-first architecture is embedded into engineering and production ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement