Developer News
K Raheja Corp Homes hosts Joyfest 2.0 community festival at Raheja Jade City, Juinagar
K Raheja Corp Homes, the residential arm of K Raheja Corp, hosted Joyfest 2.0, a community festival, at its Raheja Jade City project in Juinagar, Navi Mumbai, according to a company release dated 28 October 2026. The company said more than 500 people attended.
| Developer | K Raheja Corp Homes (residential arm of K Raheja Corp) |
|---|---|
| Event | Joyfest 2.0 community festival |
| Location | Raheja Jade City, Juinagar, Navi Mumbai |
| Release date | 28 October 2026 |
| Attendance | 500+ people |
| Theme | Streets of India, a traditional Indian mela |
| Project status | Under construction; RERA-linked possession target July 2031 (as of October 2026) |
| RERA registrations | P51700080277 (Tower 1) and P51700080352 (Tower 2), MahaRERA-linked record registered 15 May 2025 |
What happened
K Raheja Corp Homes kicked off the festive season at Raheja Jade City, Juinagar, with Joyfest 2.0, a community event the company described as a celebration of community and togetherness. The company said the evening programme brought together more than 500 people for festivities and shared moments.
The event was the second edition of Joyfest, according to a separate report.
Event details
The festival used the theme 'Streets of India', inspired by a traditional Indian mela, with food, games, music, entertainment and activities for families of all ages. Listed activities included:
- Virtual reality cricket, balloon shooting, motion dance, Ring the Pot and Hit the Tins
- A jumping castle, a bubble artist and mascots
- Diya painting, tote bag printing, nail art and tattoo art
In its statement, K Raheja Corp Homes said Joyfest reflects its belief that a residential community is shaped by more than the homes within it. The company said a community grows through connections, shared time and shared experiences, and that the initiative lets neighbours interact beyond their everyday routines.
The project
Raheja Jade City is in Juinagar, off the Panvel Sion Highway in the Mindspace area, Navi Mumbai. The project is being developed by K Raheja Corp Homes and is described as a phased township. Two towers are under construction, with more to follow in later phases.
The developer's project listing describes homes in 1, 2 and 3 BHK configurations. Under the MahaRERA-linked records, the project is registered under P51700080277 (Tower 1, registered 15 May 2025) and P51700080352 (Tower 2). The developer-linked promoter is Newfound Properties And Leasing Private Limited.
A MahaRERA progress report puts foundation work at 80%, structure at 37%, and finishing and services at 0%. A portal reports about 20% overall completion. Buyers should treat these as point-in-time figures and check the latest filings.
Amenities listed for the project include a clubhouse, swimming pool, gym, children's play area, jogging track and amphitheatre.
Developer background
K Raheja Corp Homes says it has built its residential expertise over four decades. Its portfolio spans five cities in India, including Raheja Vivarea and Raheja Artesia in Mumbai and projects in Pune and Hyderabad. The company cites about 10 million sq ft across more than 30 projects, with homes for more than 8,500 families.
In Mumbai, the group's delivered projects include Raheja Vivarea in Mahalaxmi, Raheja Artesia in Worli and Raheja Vihar in Powai. Raheja Jade City is the group's Navi Mumbai project.
Location and access
Juinagar railway station is on the Harbour Line of the Mumbai suburban railway, adjoining the Sion-Panvel Highway. The area is close to Palm Beach Road and nearby employment hubs, and the developer highlights proximity to Vashi, Nerul and Turbhe. Navi Mumbai International Airport is listed at roughly 10 to 12 km away.
Metro Line 1, the Sion-Panvel Expressway upgrade and the MTHL sea link are cited in local planning coverage.
What it means for buyers and investors
The festival is a community-building event and does not, by itself, change the terms of any home sale. For buyers, the more useful points are the project's timeline and its rental prospects.
- Possession: The RERA-linked working date is July 2031. One listing shows November 2031 for the same project, and possession dates vary across platforms. Buyers should check the latest RERA-filed timeline before booking.
- Construction risk: A third-party review flags timeline risk because the project is about 20% built.
- Rental returns: The same review estimates rental yields in this micro-market at around 2%, so quick rental returns should not be expected.
- Pricing: Portal listings show a wide band, from about ₹1.15 Cr to ₹3.70 Cr. These are listing prices rather than developer-published rates, and the sources differ.
The company presents the event as part of building community, not as a sales pitch. No independent source has reported any market effect from the event.
What comes next
The next milestones for Raheja Jade City are set out in its RERA-linked records: completion of the two towers under construction, with a possession target of July 2031, and later phases of the township.
Frequently asked questions
What was Joyfest 2.0?
Joyfest 2.0 was a community festival hosted by K Raheja Corp Homes at Raheja Jade City in Juinagar, Navi Mumbai. The company said it featured games, music, entertainment and food, and that more than 500 people attended.
Where is Raheja Jade City?
Raheja Jade City is in Juinagar, Navi Mumbai, off the Panvel Sion Highway in the Mindspace area. Juinagar railway station on the Harbour Line is nearby.
When is Raheja Jade City expected to be completed?
The RERA-linked working possession date is July 2031. One listing gives November 2031, so buyers should confirm the latest filing before booking.
Is Raheja Jade City already built?
No. The project is under construction.
What should buyers check before booking?
Buyers should check the latest RERA-filed timeline, the registration numbers for each tower, the configuration and carpet sizes in the sale agreement, and the current price sheet from the developer.