{"id":3224,"date":"2023-07-28T10:25:00","date_gmt":"2023-07-28T04:55:00","guid":{"rendered":"https:\/\/www.crematrix.com\/blog\/?p=3224"},"modified":"2026-05-22T10:41:07","modified_gmt":"2026-05-22T05:11:07","slug":"k-raheja-group-buys-3-7-acre-land-parcel-in-mumbai-for-%e2%82%b9130-crore","status":"publish","type":"post","link":"https:\/\/www.crematrix.com\/blog\/k-raheja-group-buys-3-7-acre-land-parcel-in-mumbai-for-%e2%82%b9130-crore\/","title":{"rendered":"K Raheja Group Buys 3.7 Acre Land Parcel in Mumbai for \u20b9130 Crore"},"content":{"rendered":"\n

K Raheja Group has expanded its footprint in Mumbai with another major land acquisition. The developer purchased a 3.72-acre land parcel in Mulund West for \u20b9130 crore. According to data accessed by CRE Matrix<\/a>, the transaction highlights rising developer interest in Mumbai\u2019s eastern suburbs. Premium housing demand continues to remain strong across the city.<\/p>\n\n\n\n

The land parcel is located along LBS Marg near Mulund check naka. The site offers strong connectivity to key business districts and highways. Developers are actively targeting such locations for large residential projects. Infrastructure upgrades are also driving demand in the area.<\/p>\n\n\n\n

Deal Details <\/strong><\/h2>\n\n\n\n

In the recent transaction, K Raheja Corp Realty Pvt Ltd acquired a 15,050 sq m land parcel in Mumbai\u2019s Mulund West. The company purchased the property from Satish Chand Anand. The transaction was registered on June 17, 2023. Buyers paid a stamp duty of \u20b97.80 crore.<\/p>\n\n\n\n

The acquired land parcel spans nearly 3.72 acres. The company plans to develop a premium residential project on the site. The project is expected to target upper-mid and luxury homebuyers. Mulund West remains a preferred residential destination in Mumbai.<\/p>\n\n\n\n

K Raheja Group Continues Land Acquisitions<\/strong><\/h2>\n\n\n\n

The Mulund West deal marks another large acquisition by the group in eastern Mumbai. Earlier in 2023, the company entered into a development agreement with Cinevista for land in Kanjurmarg. The agreement covered a 3.91-acre land parcel. The transaction value stood at \u20b978.35 crore.<\/p>\n\n\n\n

The group has also announced premium housing developments in Juhu. It had earlier acquired BR House, linked to filmmaker B. R. Chopra. The property is being redeveloped into a luxury residential project. Developers continue to focus on high-value redevelopment opportunities across Mumbai.<\/p>\n\n\n\n

Why Mulund West Attracts Real Estate Developers<\/strong><\/h2>\n\n\n\n

Mulund West has emerged as a key residential market in Mumbai. The area offers strong road and rail connectivity across the city. Metro expansion projects are further improving accessibility. Large land parcels are also becoming difficult to find in central Mumbai.<\/p>\n\n\n\n

Developers are now focusing on suburban micro-markets with future growth potential. Areas such as Mulund and Kanjurmarg continue to witness rising housing demand. Premium residential launches are increasing across the eastern suburbs. Buyers are also showing interest in larger homes and gated communities.<\/p>\n\n\n\n

Mumbai\u2019s Premium Housing Market Remains Strong<\/strong><\/h2>\n\n\n\n

Mumbai continues to remain India\u2019s most active premium housing market. Large developers are increasing investments across strategic locations. Land acquisitions indicate long-term confidence in the city\u2019s residential sector. Demand for premium homes is expected to remain stable in the coming years.<\/p>\n\n\n\n

Infrastructure upgrades and redevelopment opportunities continue to support market growth. Developers are targeting projects with better connectivity and modern amenities. Eastern suburbs are likely to remain a major focus area. Large land transactions are expected to continue across Mumbai.<\/p>\n\n\n\n

Elevate your decisions in real estate as a developer or broker with CRE Matrix\u2018s data-driven insights. Book a demo now<\/a>!<\/p>\n\n\n\n

Media Mention<\/strong><\/h2>\n\n\n\n