 "Real estate firm K Raheja under I-T lens for tax evasion")
Realty firm K Raheja Corp on Friday said its housing arm has sold properties worth Rs 1,100 crore in its luxury residential project at South Mumbai during the March quarter.
K Raheja Corp Homes, the residential business of K Raheja Corp group, delivered a record breaking, pre-formal launch sales revenue of Rs 1,100 crore, through its single project Raheja Modern Vivarea in under 90 days, in the fourth quarter of last fiscal, the company said in a statement.
Raheja Modern Vivarea, located in Mahalaxmi micro-market, was launched in the last quarter of FY23.
The project, having 10 lakh square feet of total saleable area, will house only 2 towers.
The demand for luxury residential properties have surged during the last two years.
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