Seven decades of building spaces where India lives and works
Founded in Mumbai in 1956 by Chandru Raheja, K Raheja Corp has grown over nearly seven decades from a single-city construction firm into one of India's most diversified real estate conglomerates. The group today operates across six distinct business verticals — commercial office parks, luxury residences, upscale hospitality, destination malls, organised retail, and power — and houses three publicly listed entities: Mindspace Business Parks REIT, Chalet Hotels Ltd., and Shoppers Stop Ltd. Headquartered at Raheja Tower in Bandra Kurla Complex, Mumbai, the group employs more than 13,000 people and maintains active operations in Mumbai, Pune, Hyderabad, Chennai, Bengaluru, and Goa.
The group's approach to development is built on a build-and-hold philosophy rather than a transactional build-and-sell model, which it has applied most visibly in its commercial portfolio. Under the Mindspace and Commerzone brands, K Raheja Corp has developed over 54 million square feet of Grade-A office space, making it the second-largest commercial developer in India by scale. In August 2020, a portion of this portfolio was carved into Mindspace Business Parks REIT — listed on Indian stock exchanges — with a total leasable area of 33.1 million square feet across the Mumbai region, Hyderabad, Pune, and Chennai, serving over 210 domestic and foreign multinationals. The REIT was also the first real estate entity in India to commit to both the EV100 and RE100 initiatives of the Climate Group.
The group's residential arm, K Raheja Corp Homes, has been active for four decades and has delivered over 10 million square feet of residential area across 30-plus projects, creating homes for more than 8,500 families. Signature addresses include Raheja Vivarea in Mahalaxmi, Mumbai — a 14-acre low-density community launched in 2007 — and Raheja Artesia in Worli, offering sea-facing 4 BHK residences. In Pune, the group has shaped micro-markets along NIBM Road and the Hinjewadi-Balewadi corridor through projects such as Raheja Reserve and Raheja Vistas Premiere. Its hospitality arm, operated through Chalet Hotels Ltd., owns and manages 10 operating hotels totalling 3,052 keys under globally recognised brands including JW Marriott, Westin, and Sheraton. The Inorbit Malls business operates five shopping centres covering approximately 2.7 million square feet across Mumbai, Navi Mumbai, Hyderabad, Vadodara, and Hubballi.
At the core of K Raheja Corp's ownership philosophy is a commitment to environments that outlast individual transactions. The group became a founding signatory to the CII-Green Building Council's memorandum of understanding for green construction in India in 2007, and has since received Gold and Platinum certifications across multiple assets. Mindspace Business Parks received the SEAL Environmental Initiative Award, and in 2023 K Raheja Corp Homes was recognised for Best Sustainable Project of the Year by the UBS Forum. The group has also been honoured as Best Real Estate Development Firm for Excellence in Indian Residential Development by the Sustainable Building Award, United Kingdom. Across more than 100 awards accumulated over the decades, the throughline is consistent: quality of construction, transparency with buyers, and timely handover.
Under the Mindspace and Commerzone brands, K Raheja Corp has developed over 54 million square feet of Grade-A office space across Mumbai, Hyderabad, Pune, and Chennai. The Mindspace Business Parks REIT — listed in August 2020 — holds 33.1 million square feet of leasable area and counts over 210 domestic and foreign multinationals as tenants, including occupiers at campuses in Malad, Airoli, Madhapur, and Kharadi.
K Raheja Corp Homes has delivered over 10 million square feet of residential space across 30-plus projects in Mumbai, Pune, Hyderabad, Bengaluru, and Goa, creating homes for more than 8,500 families. From the 14-acre Raheja Vivarea in Mahalaxmi and the sea-facing Raheja Artesia in Worli to large-format communities in Pune and villa projects in Goa, each address is designed for low-density, amenity-rich living.
Chalet Hotels Ltd., the group's listed hospitality arm, owns and manages 10 operating hotels totalling 3,052 keys under internationally recognised brands including JW Marriott, Westin, and Sheraton. The portfolio spans Mumbai, Hyderabad, Bengaluru, and Pune, with an additional 870 rooms under development. In 2025, Chalet also launched ATHIVA Hotels and Resorts, its own premium lifestyle brand, with over 900 keys planned.
Inorbit Malls, the group's mall business, operates five shopping centres covering approximately 2.7 million square feet across Malad in Mumbai, Vashi in Navi Mumbai, Hyderabad, Vadodara, and Hubballi in Karnataka. A new Inorbit Mall is under construction in Visakhapatnam, Andhra Pradesh, which will add 1.2 million square feet of gross leasable area. Anchor tenants include Shoppers Stop, PVR, and Pantaloons.
K Raheja Corp became a founding signatory to the CII-Green Building Council's MoU for green construction in India in 2007. Its projects have earned IGBC Gold and Platinum certifications, and Mindspace Madhapur in Hyderabad holds IGBC Gold Rating across 21 buildings. The group is the first Indian REIT to commit to EV100 and RE100 under the Climate Group, and Mindspace was the first REIT globally to issue a Sustainability Linked Bond placed with the International Finance Corporation.
K Raheja Corp's six distinct business verticals — each operating under its own brand and leadership — give the group an integrated view of the built environment that very few developers can replicate. A buyer investing in a K Raheja Corp residential project benefits from the construction rigour, design standards, and operational depth that come from managing Grade-A offices, luxury hotels, and destination malls simultaneously.
India's second-largest commercial real estate platform by scale, operating Grade-A integrated business parks under the Mindspace and Commerzone brands in Mumbai, Hyderabad, Pune, and Chennai. Listed as Mindspace Business Parks REIT in August 2020, the portfolio covers 33.1 million square feet of leasable area and serves over 210 multinational tenants.
The residential division with four decades of experience delivering self-contained communities. Its portfolio spans Mumbai, Pune, Hyderabad, Bengaluru, and Goa, with 30-plus completed projects, over 10 million square feet of residential area, and homes created for more than 8,500 families across price points from premium to ultra-luxury.
The group's publicly listed hospitality arm, owning and managing 10 hotels with 3,052 keys across JW Marriott, Westin, and Sheraton brands in Mumbai, Hyderabad, Bengaluru, and Pune. An additional 870 rooms are under development. Chalet is the first hospitality company globally to have joined the Climate Group's RE100, EP100, and EV100 initiatives simultaneously.
A destination retail business operating five malls totalling approximately 2.7 million square feet in Mumbai, Navi Mumbai, Hyderabad, Vadodara, and Hubballi. A sixth mall in Visakhapatnam is under construction, adding 1.2 million square feet of gross leasable area. Inorbit's ecosystem approach combines fashion, dining, entertainment, and community events under one roof.
A publicly listed fashion and lifestyle retailer founded in 1991 and listed in 2005, operating 230-plus outlets across 59 cities with over 800 brands and 4.1 million square feet of total retail space. As an anchor tenant in Inorbit Malls and a standalone department store chain, Shoppers Stop anchors the group's organised retail presence nationally.
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