K Raheja Corp is a

property developer Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw Real Estate, land and the sale of developed land or parce ...

in India with interests in commercial and residential projects, malls and hospitality across multiple cities in the country. It owns the brands Mindspace, Commerzone,

Crossword Bookstores Crossword Bookstores Ltd. is an Indian List of bookstore chains, chain of bookstores headquartered in Mumbai. As of today, Crossword has stores in Ahmedabad, Bhopal, Bengaluru, Chennai, Delhi, Gandhinagar, Goa, Hyderabad, Indore, Jaipur, Kochi, ...

and

Shoppers Stop Shoppers Stop is an Indian department store chain, owned by the K Raheja Corp. There are 108 stores across 45 cities in India, with clothing, accessories, handbags, shoes, jewellery, fragrances, cosmetics, health and beauty products, home fur ...

, and is the second largest commercial developer in India. Under the Mindspace banner, K Raheja Corp also operates Mindspace Office Parks, which is a

real estate investment trust A real estate investment trust (REIT, pronounced "reet") is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of real estate, including office and apartment buildings, studios, warehouses, hos ...

(REIT).

History

Founded in 1956 by Chandru Raheja, K Raheja Corp was formed after a split between Raheja brothers as a separate group.

Projects

Commercial

K Raheja Corp operates its commercial business under the brands Mindspace and Commerzone with projects in Mumbai, Hyderabad, Pune and Chennai. As of 2017, K Raheja Corp had 20 million square feet (1.9 million m²) of office space, making it the second largest commercial developer in the country. The real estate group is leading the process of buying Citi Centre, a commercial property in

Bandra Kurla Complex The Bandra Kurla Complex is the central business district of the city of Mumbai, the financial capital of India. It is a prominent upscale hub and is considered to be one of the most expensive neighbourhoods in the world. According t ...

, Mumbai, which housed the headquarters of Citibank.

Residential

The residential business of K Raheja Corp spans multiple projects in Mumbai, Pune and Hyderabad. The group has commenced luxurious residential projects like Artesia and Vivarea in Mumbai, and have developed other luxury projects in Mumbai, Pune and Hyderabad.

Hospitality

The group's hospitality business is focused on hotels and convention centres for business and leisure needs. K Raheja Corp promotes Chalet Hotels a high end hotel chain in India with established global brands such as Sheraton (Starwood Hotels and Resorts),

Westin Westin Hotels & Resorts is an American upscale hotel chain owned by Marriott International. , the Westin Brand has 226 properties with 82,608 rooms in multiple countries in addition to 58 hotels with 15,741 rooms in the pipeline. History Wes ...

and

JW Marriott JW Marriott is an American luxury hotel brand owned by Marriott International. History The JW Marriott brand was established in 1984, with the opening of the first hotel in Washington, D.C. It was named as a tribute to J.W. Marriott, the founde ...

. In 2017, the Group declared plans to invest ₹ 3000

crore Crore (; abbreviated cr) denotes the quantity ten million (107) and is equal to 100 lakh in the Indian numbering system. In many international contexts, the decimal quantity is formatted as 10,000,000, but when used in the context of the India ...

s over 4–5 years to double its current portfolio of 2,800 rooms, and touch other tier 1 cities like Bengalaru, Goa, NCR and Pune.

Retail

Multi-brand lifestyle store

and its subsidiary bookstore company Crosswords are part of K Raheja Corp. The ₹5,113 crore company Shoppers Stop has currently been reviving its model to improve profit in its businesses to compete with online marketplaces. Founded in 2006, HyperCity Retail India Ltd. was part of the K Raheja Corp, which also owns Shoppers Stop. In 2017, Future Group acquired

HyperCity ''HyperCity'' (styled HyperCITY) was a supermarket chain which operates 20 stores throughout India as of today. The main area of focus is food, home, and fashion. History Founded in 2006, HyperCity Retail India Ltd. was part of the K Raheja Co ...

for ₹655 crore.

Malls

K Raheja runs

Inorbit mall Inorbit Mall is a subsidiary of K. Raheja Corporation which runs shopping malls in various parts of India. The first Inorbit Mall opened in 2004, in Malad, Mumbai. This is the fourth oldest shopping mall in Mumbai, from Infiniti Mall of Andhe ...

which is present in Bengaluru, Hyderabad, Pune, Navi Mumbai and Vadodara.

Power Distribution

K Raheja Corp invested in clean energy, it has gone partial green by successfully installing Solar roof top plant at Mindspace Business Park, Madhapur, Hyderabad in September 2016. The total installed capacity of the plant is 1.6MW which is one of the largest solar roof top plants in Telangana. The plant has helped the environment & will continue to do so till useful life of the plant.

References

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External links

Official Website

Corporate Website
Real estate companies of India Indian companies established in 1956 Hotel chains in India Real estate companies established in 1956 1956 establishments in Mysore State Companies based in Bengaluru