K Raheja Corp Subsidiary Acquires 7.43 Acres in Mahalunge, Pune for ₹195 Crore

August 28, 2025

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K Raheja Corp Subsidiary Acquires 7.43 Acres in Mahalunge, Pune for ₹195 Crore

Mumbai-based real estate major K Raheja Corp, through its subsidiary KRC Queens Pvt Ltd, has acquired 7.43 acres of land in Mahalunge near Hinjewadi, on the outskirts of Pune, for ₹195 crore, according to property registration documents accessed by CRE Matrix.

Mahalunge Real Estate Developers Pvt Ltd sold the land parcel, which was designated for a residential township project. On July 21, 2025, the deal was registered after ₹13.67 crore in stamp duty was paid.

As per the agreement, the plot is part of a notified integrated township project and offers a development potential of 1.51 lakh sq. metres (16.28 lakh sq. ft.), translating to a saleable area of approximately 17 lakh sq. ft.

Mahalunge, which is close to the busy Hinjewadi IT district, has become one of Pune's most popular real estate areas because of its better infrastructure and close proximity to job hubs.

This purchase complements K Raheja Corp's most recent expansion efforts. . Earlier in January 2025, the developer entered into an agreement to purchase 5.75 acres of land in Mumbai’s Kandivali area for ₹466 crore.

The newly acquired land in Mahalunge is expected to be developed into a premium residential township, leveraging the area’s connectivity and demand from professionals working in nearby IT and commercial hubs.

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