K Raheja signs agreement for Joint Venture in Worli Mumbai for 2.5 Acre land to Develop High End Project

K Raheja signs agreement for Joint Venture in Worli Mumbai for 2.5 Acre land to Develop High End Project

Mumbai’s skyline is set to gain another luxurious addition as K Raheja Corp signs a joint venture agreement for a high-end residential project in Worli. The project, estimated to generate over Rs 2,000 crore in revenue, will be built on a 2.5-acre land parcel.

 

In this joint venture deal in Worli Mumbai, Raheja Corp will get 57% of the revenue share while the landlord will get the remaining 43%. While details regarding the project design and partner remain undisclosed, the agreement highlights K Raheja’s role in planning, design, approvals, execution, branding, and sales. This signifies a complete ownership of the development process, ensuring the project reflects K Raheja’s renowned standards.

 

The project’s development potential is estimated at nearly 3 lakh sq ft of carpet area, catering to a discerning clientele seeking a sophisticated lifestyle. With construction expected to begin soon, official announcements regarding the project’s name, design specifics, and amenities are awaited. Market observers are keenly interested in how this project will redefine luxury living in the heart of Mumbai.

 

 

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article, or want to publish your news or article please email news@jvdeals.in