K Raheja Corp sells luxury homes worth Rs 1,100 cr in single project

Real estate firm K Raheja Corp said on Friday that its residential arm sold properties worth Rs 1,100 crore in its luxury residential project in south Mumbai during the March quarter.

K Raheja Corp Homes, the residential business of K Raheja Corp Group, generated record pre-launch sales revenue of Rs 1,100 crore, with its single Raheja Modern Vivarea project in less than 90 days, in the fourth quarter of the last financial year, the company said in a statement. .

Raheja Modern Vivarea, located in Mahalaxmi mini market, was launched in the last quarter of FY23.

The project, which has an area of ​​10 square meters of gross salable area, will include only two towers.

The demand for luxury residential properties has increased over the past two years.

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First published: June 09, 2023 | 10:37 p.m ist