K Raheja Corp Acquires Prime Mumbai Land for Rs 466 Crore

Mumbai: K Raheja Corp Real Estate Pvt Ltd, a prominent player in the real estate sector, has successfully acquired a substantial 5.73-acre land parcel in Kandivali East for Rs 466 crore. This transaction, finalized on December 22, 2024, includes both the land and an existing structure previously owned by Global e-Service Pvt Ltd, formerly known as The New Vinod Silk Mills.

This strategic acquisition, situated on Ashok Chakravarty Road, highlights the company's ongoing growth and commitment to the Mumbai real estate market.

Recent Acquisitions:

This latest purchase is part of a series of strategic land acquisitions by K Raheja Corp in Mumbai.

Tardeo Acquisitions: In a different transaction, the company secured Bayside Mall and the Popular Press Building in the Tardeo area of Mumbai for Rs 355 crore.

Crossroad Condominium Acquisition: Earlier in 2024, K Raheja Corp also acquired the land and buildings of Crossroad Condominium in Haji Ali, which was formerly the site of Sobo Central Mall, for Rs 476 crore as part of a debt resolution initiative.

Strategic Focus:

These acquisitions demonstrate K Raheja Corp's strategic focus on prime locations in Mumbai and its commitment to expanding its real estate portfolio. The company is known for developing high-quality residential and commercial projects across Indi