June 9, 2023: K Raheja Corp Homes has generated revenues to the tune of Rs 1,100 crore through the sale of its project Raheja Modern Vivarea in under-90 days in the fourth quarter of FY23 (Q4FY23), the company said. Located in Mumbai’s Mahalaxmi micro-market, Raheja Modern Vivarea was soft-launched only in Q4FY23. Spread across 10 lakh sqft, the project, comprising two towers that offer views of the Golf Course, the racecourse and the Arabian Sea, has three and four bedroom apartments.
The new projects will include a wide range of world-class amenities including pools, play areas, landscaped lawns, sports offerings, etc. It will also meet all prerequisites for an IGBC-certified home in line with the group’s larger commitment to imbibe sustainability across all its projects.
“The performance sets the stage for an exciting line up of soon-to-launch luxury projects, focussed on the micro-market of upscale Juhu. Raheja Modern Vivarea has seen tremendous demand backed by the company’s earned repute and expertise in luxury development,” it said.
Units at this project can be tailored to suit specifications, and offer bespoke living experiences ranging up to 8,500-sqft carpet, the company says. “Each apartment will have a massive in-room 12.5-ft floor-to-floor height adding to the expanse of the home. The project is positioned to congregate business leaders of corporate India. The company has an earned repute for quality and timely delivery,” it said.
Ramesh Ranganathan, CEO, K Raheja Corp Homes, said, “We are seeing an increasing demand for luxury and ultra-luxury apartments with modern living amenities, along with a focus on developer’s reputation. Our sales forecast is strong, as we accelerate our highly accretive development growth with our upcoming projects in the very key micro-market of Juhu. The bull run in the Indian luxury residential market is boosting property sales, which has augured well for business. We are well positioned in the year ahead to deliver value given our scale, residences benchmarked to global standards and our embedded growth potential.”
K Raheja Corp Homes is the residential vertical of K Raheja Corp group. In its four-decade history, the company has developed projects across Mumbai, Pune, Hyderabad, Bangalore and Goa. K Raheja Corp Homes has built over 10 million sqft of space across five cities of India, delivering homes to over 7,500 families.
(Header image: K Raheja Corp Homes)
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