K Raheja Corp Purchases 5.75 Acres in Kandivali East for Rs 466 Crore

K Raheja Corp Real Estate Pvt Ltd has made a major real estate acquisition by purchasing a prime piece of land along Ashok Chakravarty Road in Kandivali East, Mumbai, for a remarkable Rs 466 crore. The deal includes both the land and a building situated on the property, with Global e-Service Pvt Ltd acting as the seller.
The agreement was officially registered on December 22, 2024, with a stamp duty of Rs 31.74 crore, according to records from CRE Matrix, a real estate data analytics firm. The total size of the property is 5.75 acres, adding a significant new asset to K Raheja Corp’s portfolio.
While the company has not shared specific plans for the acquired land, the purchase is seen as part of the growing interest in Mumbai’s suburban commercial and residential markets. Kandivali East, known for its excellent connectivity and strong infrastructure, is attracting major real estate developers, who are eager to tap into the area’s development potential.
Experts in the real estate industry believe that such high-value deals show the continuing confidence in Mumbai’s real estate market, even as market conditions evolve. The strategic location of the new property is expected to support K Raheja Corp’s future growth and development projects in the city.
This acquisition is another step for K Raheja Corp as it expands its presence in Mumbai, a city with one of the most dynamic real estate markets in India.
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