K Raheja Corp is a property developer in India with interests in commercial and residential projects, malls and hospitality across multiple cities in the country. It owns the brands Mindspace, Commerzone and Shoppers Stop, and is the second largest commercial developer in India.
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 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, 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, Westin and JW Marriott. In 2017, the Group declared plans to invest ₹ 3000 crores over 4–5 years to double its current current portfolio of 2,800 rooms, and touch other tier 1 cities like Bengalaru, Goa, NCR and Pune.
Retail
Multi-brand lifestyle store Shoppers Stop 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.
Malls
K Raheja runs Inorbit mall which is present in Bengaluru, Hyderabad, Pune, Navi Mumbai and Vadodara.
