K Raheja Corp’s subsidiary, KRC Queens, has purchased a 7.43-acre land parcel in Mahalunge, near Hinjewadi on Pune’s outskirts, for Rs 195 crore.

The transaction, registered on 21 July, 2025, included a stamp duty payment of Rs 13.67 crore. The land, earmarked for residential construction, is part of a notified integrated township project and offers development potential of 1.51 lakh sq. mtrs. (16.28 lakh sq ft), translating to a saleable area of about 17 lakh sq. ft. The seller was Pune-based Mahalunge Real Estate Developers.

The Mahalunge plot acquisition aligns with K Raheja Corp’s strategic expansion into Pune’s high-growth residential market, leveraging proximity to the Hinjewadi IT hub and integrating township amenities. In January 2025, K Raheja Corp had acquired a 5.75-acre Kandivali, Mumbai plot for Rs 466 crore.

The Pune deal follows other notable land acquisitions, including Godrej Properties’ 14-acre Kharadi-Wagholi purchase in June 2025, Solitaire Group’s Rs 129-crore Wagholi deal in February 2025, and Casagrand Millenia’s Rs 126.04-crore Wagholi acquisition in January 2025.