K Raheja Corp to consolidate Residential Portfolio, attracts investments

02 Aug 2023 CW Team

The Mumbai bench of the National Company Law Tribunal (NCLT) has approved the demerger of K Raheja Group's subsidiary, K Raheja Corporate Services, following the realty conglomerate's application. This move is intended to facilitate the company's access to capital markets through a listing.

The consolidation of the residential real estate business within K Raheja Corporate Services is expected to strengthen the resulting company's balance sheet, opening up opportunities for accessing capital markets, equity, and debt infusion after the scheme's completion. Investors seeking to participate in a specialised residential real estate business are likely to be attracted to the demerger.

Currently, K Raheja Corp has two listed companies—Shoppers Stop, a departmental store chain, and Chalet Hotels. Additionally, it is the promoter of the listed real estate investment trust, Mindspace Business Parks REIT, and operates malls under the Inorbit Mall brand.

K Raheja Corp Homes serves as the residential vertical of the conglomerate, operating across Mumbai, Pune, Hyderabad, Bengaluru, and Goa, with a total space exceeding 10 million sq ft in these five cities.

In recent developments, the company acquired a 3.72-acre land parcel in Mumbai's central suburb Mulund for over Rs 1.3 billion, where it plans to develop a premium residential project. Moreover, the group's residential development entity signed an agreement to develop a four-acre land parcel in Mumbai's central suburb Kanjur Marg, which currently houses a production house's studio.

Furthermore, the company had earlier acquired BR House, the family residence of one of Bollywood's leading filmmakers, B R Chopra. It is now planning to develop an ultra-luxury project on this plot located in Mumbai's Juhu area.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

K Raheja Corp, a real estate developer, is strategically focusing on its residential portfolio to enhance its housing business and scale up its operations. The company aims to attract both strategic and financial investments and establish its flagship residential real estate development entity.The Mumbai bench of the National Company Law Tribunal (NCLT) has approved the demerger of K Raheja Group's subsidiary, K Raheja Corporate Services, following the realty conglomerate's application. This move is intended to facilitate the company's access to capital markets through a listing.The consolidation of the residential real estate business within K Raheja Corporate Services is expected to strengthen the resulting company's balance sheet, opening up opportunities for accessing capital markets, equity, and debt infusion after the scheme's completion. Investors seeking to participate in a specialised residential real estate business are likely to be attracted to the demerger.Currently, K Raheja Corp has two listed companies—Shoppers Stop, a departmental store chain, and Chalet Hotels. Additionally, it is the promoter of the listed real estate investment trust, Mindspace Business Parks REIT, and operates malls under the Inorbit Mall brand.K Raheja Corp Homes serves as the residential vertical of the conglomerate, operating across Mumbai, Pune, Hyderabad, Bengaluru, and Goa, with a total space exceeding 10 million sq ft in these five cities.In recent developments, the company acquired a 3.72-acre land parcel in Mumbai's central suburb Mulund for over Rs 1.3 billion, where it plans to develop a premium residential project. Moreover, the group's residential development entity signed an agreement to develop a four-acre land parcel in Mumbai's central suburb Kanjur Marg, which currently houses a production house's studio.Furthermore, the company had earlier acquired BR House, the family residence of one of Bollywood's leading filmmakers, B R Chopra. It is now planning to develop an ultra-luxury project on this plot located in Mumbai's Juhu area.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Infrastructure Urban

02 Jun 2026

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Infrastructure Transport

02 Jun 2026

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..