K Raheja Corp's presence in Pirangut is built around a single large low-rise development called Viva, on Mulshi Road off Paud Road, from which distinct phases such as Estrella Viva and Orion Viva have been carved out over time. The layout at Pirangut, in Mulshi taluka of Pune district, is developed by K Raheja Corp Real Estate Private Limited, a K. Raheja Corp Group company, and registered with MahaRERA. Rather than a single tower or a one-off launch, Viva is structured as villa plots, independent villas, twin villas, townhouses and row houses spread across a green, hilly parcel, with individual phases released and registered separately under MahaRERA as construction has progressed.
K Raheja Corp was established in 1956 in Mumbai as a real estate development firm within the broader Raheja family business, and following a 1996 family split, Chandru Raheja took leadership of K. Raheja Corp, concentrating on commercial developments such as IT parks and retail spaces. Today the group's portfolio runs well beyond housing: K Raheja Corp is a property developer in India with interests in commercial and residential projects, malls and hospitality across multiple cities, and it owns the brands Mindspace, Commerzone, Crossword Bookstores and Shoppers Stop, and is the second largest commercial developer in India. Its listed entities include Mindspace Business Parks REIT, Chalet Hotels and Shoppers Stop, giving the residential arm, K Raheja Corp Homes, the balance-sheet backing of a diversified, publicly accountable group rather than a single-project developer.
K Raheja Corp has a long-standing presence in Pune, dating back to its first residential project, Raheja Woods, in 1996, and in the years that followed, the group's residential subsidiary, K Raheja Corp Homes, systematically built out across multiple Pune micro-markets. Their projects in Pune include Raheja Sterling, Raheja Reserve, and Raheja Stellar on the much-coveted NIBM Road in South Pune, and the group has since carried that same residential playbook westward into Pirangut, and more recently into Mahalunge and Baner Annex near Hinjewadi. With over four decades of experience, K Raheja Corp Homes has delivered more than 10 million square feet of high-quality residential space through upwards of 30 projects, providing homes to over 8,500 families, with Pune's delivery spanning the NIBM belt, Mohammadwadi, Kalyani Nagar, Pirangut in West Pune, and now the Mahalunge–Baner Annex corridor. On the commercial side, K Raheja Corp's presence in Pune is not limited to housing — the commercial business entered the Pune market with Commerzone Yerwada, an expansive project covering over 2.9 million square feet that is home to some of the country's top companies, giving the group direct visibility into the employment corridors that feed housing demand in localities like Pirangut.
Estrella Viva is positioned within Viva as a compact, low-density cluster of townhouses and apartments. Estrella at Raheja Viva is presented as a development of super-spacious townhouses set amid greenery, with an array of lifestyle features aimed at buyers seeking fine living, and configurations have included 3 BHK garden villas with private gardens and 2 BHK homes with terraces, alongside plots ranging roughly from 3,000 to 7,000 sq ft. The townhouses in this part of Viva are laid out as ground-plus-three storeys with just two units per floor, in 2 BHK and 3 BHK configurations from roughly 1,179 to 1,482 sq ft, giving residents a low-rise, boutique feel rather than a high-density apartment block.
Orion Viva, a separate registered phase of the same layout, is built around twin villas. K Raheja Orion Viva is a development of twin villas offering 26 units spread over 1.81 acres, with units ranging from 1,365 to 1,780 sq ft and a 360-degree view of the Sahyadri Hills. Both phases draw on the same signature amenities of the larger Viva estate rather than duplicating clubhouses independently — Raheja Viva Pirangut is built around a 40,000 sq ft signature club offering a range of recreational and wellness facilities that residents of Estrella Viva and Orion Viva share access to as part of the gated Viva community.
Pirangut sits in the foothills approach to the Sahyadris on Mulshi Road, off Paud Road, and this topography is central to how K Raheja Corp has positioned Viva. The estate is described as a green expanse home to over 6,500 tree species and 60-plus species of birds, with low-density living, more usable open space, planned infrastructure and a higher air quality index score than denser parts of the city. Residents are said to experience 94% cleaner air, 47% less noise, and temperatures roughly three degrees cooler than Pune's built-up pockets — a pitch that works specifically because Pirangut, unlike Kothrud or Baner, still has room for large low-rise, plotted layouts of this kind.
That said, the locality is not remote. Pirangut is located along Chandani Chowk and Lavasa Road, which connect it to the Mumbai-Pune Bypass Road, and it enjoys good connectivity with NH 48, which further links it to the old Mumbai Highway. The Viva site is connected to Paud Road, roughly 0.75 km away, and to the Mumbai-Bangalore Highway, about 8 km away, while the locality's rapid growth is closely tied to its proximity to Hinjewadi IT Park, with IT professionals a major share of buyers here. For K Raheja Corp Homes, this is a familiar pattern: the group's dual commercial footprint at Yerwada and Kharadi gives it a working understanding of Pune's employment geography from both sides of the lease, and Pirangut's link to the Hinjewadi–Baner–Balewadi job corridor places Viva within commuting range of one of the city's largest office clusters without being inside it.
Pirangut's social infrastructure has matured alongside its residential growth. The area offers reasonably good social infrastructure, with schools such as Heritage International School, Elite International School, Sri Vidya Bhavan School and The Mulshi Public School, alongside hospitals including Surya Hospital, Ruby Hall Clinic and Sanjeevani Hospital within the broader belt. Institutes such as Bharti Vidyapeeth College of Engineering and Vivekanand Institute of Technology are also nearby, rounding out daily-need infrastructure for a locality that was, until recently, more industrial than residential.
On pricing, publicly listed data places Pirangut among Pune's more moderately priced western localities relative to established micro-markets closer to the city core. The average property price in Pirangut has been quoted in the range of roughly ₹4,500 to ₹6,500 per square foot, with annual appreciation of approximately 8 to 12% over recent years, and separate data shows Mulshi among the localities with the highest three-year price appreciation in the Pune market. Within this backdrop, listings for K Raheja Corp's own Viva phases have shown per-square-foot rates running slightly ahead of the broader locality average — consistent with a gated, low-density, amenity-backed format commanding a premium over standalone plotted development in the same belt.
