Founded in 1956 by Chandru Raheja, K Raheja Corp has grown over nearly seven decades into one of India's most diversified real estate conglomerates. The group spans commercial and residential projects, malls, and hospitality, and is recognised as the second largest commercial developer in India. In Mumbai specifically, its footprint reaches from the office campuses of Malad and Airoli to the ultra-luxury towers of Mahalaxmi and Worli, and now, its maiden residential address in Sion West.
K Raheja Corp Homes has built residential spaces over the last four decades, delivering around 10 million sq ft of high-quality residential area across 30-plus projects, creating homes for over 8,500 families. Mumbai has consistently been the group's most prominent residential market — the city where the developer has taken its highest-profile bets and executed its most closely watched projects.
The group's residential story in Mumbai is anchored in South Mumbai. Raheja Vivarea at Mahalaxmi presides over 14 acres of prime real estate overlooking the Mahalaxmi Racecourse and the Arabian Sea, spread across five towers. Having delivered over 3 million sq ft of ultra-luxury residential space in South Mumbai across Raheja Vivarea and Raheja Artesia, K Raheja Corp Homes has established an earned reputation for curating high-quality real estate.
Raheja Artesia was launched as an ultra-luxury offering in Worli, Mumbai — a neighbourhood where the Bandra-Worli Sea Link sharpened demand from corporate leaders and high-net-worth individuals wanting South Mumbai addresses with western suburb connectivity. Together, these two addresses — Mahalaxmi and Worli — defined K Raheja Corp Homes as a developer that operates at the top of Mumbai's residential market rather than across price segments.
The group then extended the Vivarea brand with Raheja Modern Vivarea, again in Mahalaxmi. Adjacent to the already-delivered Raheja Vivarea, Modern Vivarea is spread across 3 acres and will house only two towers, both west-facing, each home offering views of the Golf Course, Racecourse, and Arabian Sea. The executive director of Modern India noted that K Raheja Corp Homes' in-depth understanding of the Mahalaxmi micro-market, built through its earlier projects, directly informed the new launch.
Alongside residential, the group's Mumbai commercial and retail presence reinforces its urban positioning. K Raheja Corp pioneered mall culture in India, launching its first mall in Malad, Mumbai in 2004. The commercial business also launched The Square in BKC, Mumbai — the financial district that has become central to the group's residential strategy as well.
K Raheja Corp Homes marks its entry into the neighbourhood of Sion, Mumbai with Raheja Amaltis — its premier residential project just off the Chembur-BKC connector. This is a meaningful geographic shift: South Mumbai (Mahalaxmi, Worli) and now Central Mumbai (Sion West) represent a developer purposefully tracking where Mumbai's corporate class actually lives and works.
K Amaltis has 3 towers, with 17 floors each and just 125 units — a deliberately low-density structure that echoes the group's approach at Vivarea. Configurations run across 3, 3.5 and 4 BHK apartments with carpet areas from 1,340 to 2,180 sq ft, priced from approximately ₹5.9 crore to ₹9.6 crore, spread across 1.51 acres. The project is RERA-registered under MahaRERA number P51900054152.
Intended to cater to professionals, entrepreneurs, and senior executives, Raheja Amaltis is positioned a few minutes from the BKC Connector, Eastern Freeway, and Eastern Express Highway, providing connectivity to the major business hubs of the city. The BKC skyline is visible from the upper floors — a detail the developer has specifically called out, given how directly the project is pitched at BKC-based corporate professionals.
In the CEO's own words, the project builds on K Raheja Corp Homes' successful track record in South Mumbai, bringing that expertise closer to Mumbai's central business district at BKC.
On sustainability, Raheja Amaltis delivers advanced wastewater treatment systems enabling the recycling of 35% of natural water resources, consistent with the group's wider environmental commitments. The project will also offer electric charging infrastructure for two-wheelers and four-wheelers in its parking areas.
Amenities at K Amaltis span multiple levels of the towers. Amenities are spread across active and leisure categories with an infinity pool, sky dining pavilion, and sky bar among the rooftop offerings, along with a yoga zone, indoor games, senior citizen area, fully equipped gym, kids play area, kids pool, and barbeque area across multiple floors. Floor-to-floor height of 11 feet 2 inches gives the interiors a sense of scale uncommon at this price point in Central Mumbai.
Sion West sits at a genuine geographic juncture of Mumbai. The locality shares its boundaries with Kurla, Dadar, and Bandra — placing residents within reach of three of the city's most commercially active corridors without the premium that a Bandra or Lower Parel address carries. The Sion-BKC Connector, Eastern Express Highway, Western Express Highway, Chunabhatti Railway Station, and CSM International Airport are all proximate to the project, making this one of the few addresses in Mumbai from which BKC, South Mumbai, and the airport are each accessible in under 30 minutes.
The Mumbai Metro Line 3 (Aqua Line), the city's first underground metro, will have a station near Sion in Dharavi, adding a further layer of transit access to the locality over the coming years.
On pricing, K Amaltis occupies a distinct tier within Sion West. The project's median transacted price is approximately ₹39,900 per sq ft, compared to a broader Sion locality average. Sion's overall average stands at around ₹28,638 per sq ft, with a five-year growth trend of 18.4% — indicating that K Amaltis is priced as a luxury outlier within a market that is itself appreciating. For buyers comparing a central Mumbai address against South Mumbai alternatives, the gap is substantial: Raheja Vivarea in Mahalaxmi averages around ₹67,500 per sq ft, making Sion West considerably more accessible for similar K Raheja Corp quality and scale.
Social infrastructure in the immediate vicinity includes SIES Dr APJ Abdul Kalam Memorial High School at 0.18 km and a diagnostic centre at 0.16 km. Sion and Atharva hospitals are within a 2 km radius, and Guru Nanak National and Sion Mumbai Public schools are under 1 km away. Notable landmarks including BKC, the MCA Cricket Ground, and the American School of Bombay are also close.
K Raheja Corp's reach in Mumbai extends well beyond its residential towers. The group operates Mindspace Office Parks, a listed real estate investment trust (REIT). The REIT holds a quality office portfolio across Mumbai, Hyderabad, Pune, and Chennai, with a total leasable area of 33.1 million sq ft, spanning Mindspace Business Parks, Commerzone, and The Square. In the Mumbai Region specifically, Mindspace Airoli West in Navi Mumbai is one of the group's commercial anchors.
With best-in-class infrastructure and amenitised campuses, the commercial portfolio serves as a partner of choice for over 210 domestic and foreign multinationals. That base of institutional occupiers — and the senior professionals who work within them — forms a natural demand pool for K Raheja Corp's residential launches, including K Amaltis.
Across hospitality, K Raheja Corp promotes Chalet Hotels, featuring brands including Sheraton, Westin, and JW Marriott. The group launched JW Marriott Sahar in Mumbai, placing the developer within the top tier of Mumbai's luxury hospitality sector as well. This multi-sector depth — residential, commercial, retail, hospitality — makes K Raheja Corp unusual among Mumbai developers: the group is simultaneously a developer, an office landlord, and a hotel operator within the same city.
More recently, K Raheja Corp Homes has also unveiled an upcoming project in Juhu — Maestro — signalling continued expansion along Mumbai's western coast, even as K Amaltis anchors the group's central Mumbai presence.