Meet man, 83, who owns brands like Shoppers Stop, Mindspace, Inorbit Mall, his net worth is Rs 41000 crore, his business is….

Chandru Raheja’s strategic leadership and his deep understanding of India’s real estate market have set K Raheja Corp on a path of continued growth, innovation, and success.

Written by: Anirudha Yerunkar Edited by: Anirudha Yerunkar

Published: October 15, 2024, 4:00 PM IST

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https://www.india.com/business/meet-man-chandru-raheja-83-who-owns-brands-like-shoppers-stop-mindspace-inorbit-mall-his-net-worth-is-rs-41000-crore-his-business-is-7324602/ Copy

Chandru Raheja’s journey is a remarkable example of vision, leadership, and understanding of the evolving real estate market. At 83 years old, Raheja has firmly established himself as one of India’s wealthiest individuals, with a net worth of Rs 41,000 crore ($5 billion). His influence in real estate still continues to grow as he leads K Raheja Corp into new ventures and achievements.

Legacy of K Raheja Corp

K Raheja Corp traces back its origins to Lachmandas Raheja, Chandru Raheja’s late father, who founded the group in 1956. After a family split in 1996, Chandru Raheja took full control of the business. Under his leadership, the company has become a leader in the Indian real estate industry.

K Raheja Corp Business Ventures

K Raheja Corp’s diverse portfolio includes office spaces, malls, hospitality, residential developments, retail, and power. Some of its most notable ventures include:

• Shoppers Stop: A nationwide department store chain with a strong retail presence.
• Inorbit Mall: Luxury retail destinations located in Mumbai, Hyderabad, and Vadodara.
• Mindspace: Cutting-edge IT parks in Mumbai, Hyderabad, Chennai, and Pune.

Chalet Hotels: A Leader in Hospitality

Chandru Raheja has also made significant mark in the hospitality sector with Chalet Hotels, a luxury brand under K Raheja Corp. Noteworthy properties in this portfolio include:

• JW Marriott Mumbai Sahar

• The Westin Hyderabad Mindspace

• Bengaluru Marriott Hotel Whitefield

• The Dukes Retreat, Lonavala

Chalet Hotels went public with a successful listing in 2019, further solidifying its standing in the hospitality industry.

In Q1 of 2023, K Raheja Corp Homes, the residential arm of the conglomerate, achieved impressive sales figures of Rs 1,100 crore. This success was driven by the Raheja Modern Vivarea project, which consists of two luxurious towers in South Mumbai.