K Raheja Corp Prioritizes Residential Growth with 30-40 Projects Underway in Mumbai and Pune

K Raheja Corp, a prominent Mumbai-based real estate developer, is aggressively growing its residential property business with 30-40 projects underway in Mumbai and Pune across premium, luxury, and ultra-luxury segments. The company's focus is on expanding its residential portfolio, with Vinod Rohira, managing director and CEO, stating that they are signing more projects above the current 30-40 in various stages of development. This growth strategy aims to establish K Raheja Corp as an aspirational premium developer in every segment it operates in, with a target to be at the top end of every segment.

Key Takeaways:

K Raheja Corp has between 30-40 residential projects in various stages of development in Mumbai and Pune, with a focus on premium, luxury, and ultra-luxury segments.
The company plans to sign more projects above the current 30-40, with a target to be at the top end of every segment it operates in.
K Raheja Corp aims to establish itself as an aspirational premium developer in every segment, whether it's a Rs 20,000 a square foot or Rs 1 lakh or 2 lakh a square foot segment.
The company's residential business is already among the top five developers in Mumbai in terms of sales, with property sales worth Rs 9,636 crore during FY21-25.
K Raheja Corp has delivered 6.2 million sq ft of luxury and commercial projects within a radius of 2 km area of upmarket Worli and Mahalaxmi area, including Vivarea, Artesia, and Altimus.
The company has also built a big residential project in Juinagar in Navi Mumbai and has over 20 million sq ft of office space under various construction stages.
K Raheja Corp has leased around 7 million sq ft in FY25, cumulatively including Mindspace REIT.

Statistics:

K Raheja Corp has 30-40 residential projects underway in Mumbai and Pune.
The company has property sales worth Rs 9,636 crore during FY21-25.
K Raheja Corp has delivered 6.2 million sq ft of luxury and commercial projects within a radius of 2 km area of upmarket Worli and Mahalaxmi area.
The company has over 20 million sq ft of office space under various stages of construction.
K Raheja Corp has leased around 7 million sq ft in FY25.

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