K Raheja Corp's residential arm entered Pune in 1996 with Raheja Woods, and that first project became the starting point for a run that has since concentrated heavily around NIBM Road and Mohammed Wadi in South Pune.
K Raheja Corp began its journey in Pune in 1996 with the opening of the first-ever residential facility, Raheja Woods, and sold homes for more than INR 2.5 lakhs per sq. ft. in 2000. The year 2009 saw the introduction of Raheja Vistas, one of the largest townships in South Pune, followed by the launch of Raheja Viva in 2011. Over the years that followed, the group added Raheja Reserve, Raheja Stella and Raheja Sterling to the same NIBM stretch, and now K Galaxy, in Mohammed Wadi. K Raheja Corp's residential vertical, K Raheja Corp Homes, has played an integral part in putting the NIBM micro-market on the map of Pune with its development of approximately 1.3 million sq-ft of residential offerings. The company has also stated plans to build homes for 1,600-plus more families in the NIBM micro-market over the following five years.
Founded in 1956 by Chandru Raheja, K Raheja Corp was formed after a split between Raheja brothers as a separate group. The developer operates its commercial business under the brands Mindspace and Commerzone with projects in Mumbai, Hyderabad, Pune and Chennai, and as of 2017 had 20 million square feet of office space, making it the second largest commercial developer in the country. Its diversified group also runs Chalet Hotels, a high-end hotel chain with established global brands, and the multi-brand lifestyle store Shoppers Stop along with its subsidiary bookstore chain Crossword. K Raheja Corp also runs Inorbit Mall, present in Hyderabad, Mumbai, and Vadodara.
On the residential side, K Raheja Corp Homes has honed the expertise to deliver self-contained residential spaces over the last four decades, with a portfolio spread across five cities of India including iconic projects such as Raheja Vivarea and Raheja Artesia in Mumbai and Raheja Viva, Raheja Reserve and Raheja Vistas in Pune. Across this footprint the business has developed around 10 million sq. ft. of residential area across 30-plus projects, creating homes for 8,500-plus families. In Pune specifically, the group's commercial side has also built out the Commerzone business park in Yerwada, giving K Raheja Corp a presence that spans offices, retail, hospitality and homes across the city, not just a single project.
K Galaxy sits off NIBM Road in Mohammed Wadi, near Dorabjee's Mall, in the Mohammed Wadi pincode 411060 pocket of Pune. Developed by K Raheja Corp Homes, it is positioned as a 2 and 3 BHK residence that blends neo-classic design with contemporary amenities. The towers within the development — named Constella, Altair and Celina — are developed by the promoter Cavalcade Properties Private Limited, a K Raheja group company, and are registered with MahaRERA.
Unit sizes run across 2 and 3 BHK configurations with carpet areas of roughly 896 to 1,782 sq ft, priced in the range of approximately Rs 1.25 crore to Rs 2.55 crore. Spanning a large landscaped footprint, the development offers ultra-luxurious apartments designed with neoclassical architecture, featuring spacious layouts, wide decks, walk-in wardrobes and double-height lobbies, alongside more than 40 lifestyle amenities including a swimming pool, gymnasium, indoor games, a yoga deck and landscaped gardens. Other amenities called out for the project include a floating walkway, reflective pool, water cascade, event hall, event pavilion, sports lawn, private garden, jacuzzi, reading deck and a dedicated kids' play area. The project embraces a hi-street living concept with retail spaces at the ground level and is pre-certified as an IGBC gold-rated green building.
Mohammed Wadi is one of the fastest developing suburbs of Pune, and with the development of MG Road, NH-4 and NH-9, residents get easy access to workplace hubs like Hadapsar and the IT park in Phursungi. NIBM Road, the area's most important artery, connects Mohammed Wadi to the Pune International Airport, Pune Railway Station and the bus depot, and the widening of the Katraj-Kondhwa-Phursungi-Solapur Highway is dramatically increasing the area's all-around connectivity. The developer's own research on the micro-market notes seamless access within 20 to 30 minutes to Magarpatta City, which houses MNCs like Accenture and Capgemini, SP Infocity, home to firms such as IBM, TCS and Infosys, and the Hadapsar Industrial Zone.
On pricing, published data for the immediate stretch shows property prices near NIBM Road, Mohammed Wadi rose by 26.45% over the period 2017 to 2022. More recent figures from the developer's own locality guide put current rates at approximately Rs 6,200 to Rs 9,500 per sq ft as of 2025, with rental yields of roughly 3.5 to 4.5%, driven by steady demand from IT professionals and expatriates. Social infrastructure around K Galaxy includes schools such as Vibgyor High School, RIMS International School, Sanskriti School, The Bishop's School, Euro School and Delhi Public School, along with hospitals like Ruby Hall Clinic, Inamdar Multispeciality, Command Hospital and Lifeline Hospital. Retail and leisure options nearby run from Dorabjee's Mall and Royal Heritage Mall to the Corinthians Club, Turf Club House, Inox Theatre and Kumar Pacific Mall.
For a buyer evaluating K Raheja Corp specifically, the case for Mohammed Wadi rests less on any single project and more on the group's sustained presence in this one corridor of South Pune — a company that, by developing large-scale projects in South Pune's NIBM Road and Mohammed Wadi area, has played a role in transforming this micro-market into a desirable residential hub, prompting other developers to invest in the area as well. K Galaxy is the most recent expression of that pattern, built on a residential track record the developer's own leadership has described in terms of consistent delivery. As K Raheja Corp Homes CEO Ramesh Ranganathan has put it, having delivered close to 1.5 million square feet of residential spaces in Pune over roughly the last 12 years, each project has been backed by insights and tailored to evolving customer requirements.
