In a significant boost to its land portfolio, K Raheja Corp, through its subsidiary KRC Queens Pvt Ltd, has acquired a 7.43-acre land parcel in Mahalunge, Pune. The transaction, valued at ₹195 crore, marks a strategic addition to the developer’s expanding footprint in the Pune real estate market, particularly in the rapidly growing Mahalunge-Hinjewadi corridor.
According to property registration documents accessed by CRE Matrix, the land was acquired from Mahalunge Real Estate Developers Pvt Ltd, a local Pune-based developer. The transaction was officially registered on July 21, 2025, and included a stamp duty payment of ₹13.67 crore.
A Township Development with Major Potential
The land is part of a notified integrated township project, which is a key factor in the appeal of this acquisition. With a development potential of 1.51 lakh square metres (approximately 16.28 lakh sq ft), the site is expected to deliver a saleable area of around 17 lakh sq ft once fully developed. The project is designated for residential development, making it a strategic play amid rising demand for quality housing in the region.
The Mahalunge region, situated next to Hinjewadi — Pune’s primary IT hub — has emerged as a real estate hotspot in recent years. With enhanced infrastructure, upcoming metro connectivity, and strong demand from IT professionals, the locality has become a prime target for developers planning large-scale residential and mixed-use townships.
Previous Mumbai Deal Highlights Expansion Intent
This is not K Raheja Corp’s only high-profile land transaction in 2025. Earlier this year, in January, the developer finalized the purchase of a 5.75-acre land parcel in Kandivali East, Mumbai, for ₹466 crore. The seller was Global E-Service Pvt Ltd (formerly The New Vinod Silk Mills), and the land — located on Ashok Chakravarty Road — included an existing structure known as Vinod House. The deal was signed on December 22, 2024, and is part of K Raheja Corp’s broader strategy of land banking in urban hotspots.
This back-to-back investment pattern reflects the company’s aggressive approach to acquiring prime urban land for future development, focusing on high-demand micro-markets with long-term growth potential.
Pune’s Land Market Attracting Big Names
The Pune land market has been buzzing with activity throughout 2025, attracting major developers from across the country:
- On June 2, 2025, Godrej Properties announced its acquisition of a 14-acre land parcel in the Kharadi-Wagholi belt. The planned development will feature premium group housing and offers a developable potential of 3.7 million square feet, with a projected revenue potential of ₹4,200 crore.
- In February 2025, Westcon Space Pvt Ltd, a part of Solitaire Group, secured nearly 10 acres in Wagholi for ₹129 crore.
- In January 2025, Chennai-based Casagrand Millenia Pvt Ltd purchased another land parcel in Wagholi for ₹126.04 crore, highlighting the locality’s continued investor appeal.
These high-value transactions across Kharadi, Wagholi, and Mahalunge underscore Pune’s evolution as one of India’s most active and attractive residential real estate destinations.
