KRC Queens Secures ₹195 Crore Land Acquisition in Pune's High-Growth Mahalunge Corridor

A subsidiary of the K Raheja Corp, KRC Queens Pvt Ltd, has reportedly completed the acquisition of a 7.43-acre land parcel in Pune's rapidly developing Mahalunge area for approximately ₹195 crore. The transaction, involving Mahalunge Real Estate Developers Pvt Ltd as the seller, represents a strategic expansion into one of the city's most promising real estate investment corridors near the established Hinjewadi IT hub.

Industry sources confirm that the deal was formally registered on July 21, 2025, with stamp duty payments totaling around ₹13.67 crore. The acquired site is planned for development as an integrated residential township with an estimated development potential of approximately 1.51 lakh square meters, which translates to roughly 16.3 lakh square feet of construction area and nearly 17 lakh square feet of saleable space.

Strategic Investment in Infrastructure-Rich Growth Zone

The Mahalunge locality, positioned within the Hinjewadi-Balewadi growth corridor, has emerged as a preferred destination among developers due to anticipated metro connectivity and ongoing infrastructure developments. The area's proximity to established IT centers and planned civic amenities creates significant potential for residential-led mixed-use projects, market observers noted.

This land acquisition aligns with K Raheja Corp's strategic approach of targeting high-demand micro-markets across India. The company, recognized for its data-driven expansion strategy spanning commercial, residential, and hospitality sectors, appears to be positioning itself to capitalize on local demand through scalable mixed-use development planning. For investors looking to understand similar opportunities, our comprehensive guide on building profitable real estate portfolios offers valuable insights.

Market Dynamics Fuel Developer Interest

Real estate analysts indicate that the Pune property market has experienced approximately 15% growth in average prices over the past year, a rate that exceeds national averages. Infrastructure projects including the Pune Metro expansion and Ring Road development continue to drive investor interest in emerging suburban areas such as Mahalunge, Baner, Balewadi, and Hinjewadi, particularly in transit-connected growth corridors.

The Pune-Bengaluru Expressway development has further enhanced the region's connectivity prospects. Industry experts suggest that such strategic land deals provide developers with flexibility to pursue mixed residential and commercial offerings, enabling them to adapt to evolving buyer preferences and market trends.

With established infrastructure networks and significant land development potential, this acquisition reflects broader confidence in Pune's macro real estate fundamentals and long-term growth trajectory, according to market analysts.