From Law Graduate to Real Estate Mogul: Chandru Raheja's ₹32,900 Crore Empire Reshapes India's Retail Landscape

Visionary chairman of K Raheja Corp, Chandru Raheja, has built a ₹32,900 crore realty empire from his father's legacy. Raheja, who is a Mumbai University law graduate, succeeded to the family business after a split in 1996, leading it to dizzying new heights. His group now operates across office spaces, hospitality, malls, and retail, with Shoppers Stop, Inorbit Mall, and Mindspace IT Parks being the flagships.

 

Raheja's strategic investments have yielded handsome returns. Shoppers Stop, India's initial department store chain established in 1991, today has a market cap of ₹5,796 crore. The company is rapidly expanding its value retail format INTUNE with an aim to open 60 new stores during FY2024-25. Mindspace Business Parks REIT, another crown jewel of Raheja's, offers office space to global tech giants like Google, Microsoft, and TCS.

 

With Raheja at the helm, K Raheja Corp is now a big player in Mumbai's real estate market, making him one of India's richest businessmen. His sons Neel and Ravi now assist in charting the group's destiny, seeing its legacy cast across India's cities.

 

Sources: DNA India, Business Standard, Forbes India