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K Raheja Corp Homes launches Raheja Modern Vivarea in South Mumbai

K Raheja Corp Homes launches Raheja Modern Vivarea in South Mumbai

K Raheja Corp Homes, the residential development arm of Realty developer K Raheja Corp, has entered into an agreement to build a luxurious housing project covering 1 million sq ft on a prime 3-acre parcel of land in South Mumbai's Mahalaxmi neighborhood. The project will be developed via an agreement for the sale of the land, which is currently owned by Modern India, a company with interests in infrastructure, power generation, and real estate. Under the deal, Modern India, promoted by the Jatia family, will receive a share of the sales revenue as consideration for the sale of the land.…
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