Established in 1956, the Mumbai-based K. Raheja Corp. has made a successful transition from a real estate company to a business corporation, with a diverse product portfolio. C. L. Raheja is the Chairperson of K. Raheja Corp. The company has successfully ventured into retailing and hospitality, besides strengthening its core vertical of real estate business. In the present time, the company is known for its esteemed presence in the retail business. It has recently acquired tie-up to acquire land as well. Go through the following lines to get complete information on the profile of K. Raheja Corp.
The chief business areas of K. Raheja Corp. include real estate, hospitality and retailing outfits. In the real estate sector, K. Raheja Corp. has marked its presence by doing business in Mumbai, Bangalore, Coimbatore, Pune and Chennai. The company diversified its business and entered the hospitality sector in 1981. In 1991, the Group revolutionized the retail scenario in India, by launching 'Shoppers' Stop' in Andheri, Mumbai, their first retail venture.
Shopper's Stop, India's first organized department store, redefined the way Indian people shop, with its wide range of merchandise, exclusive shop-in-shop counters of international brands and world-class customer service. The Group now operates twelve departmental stores across the country and is the most recognized brand in the industry. 'Crossword', India's premier book retailer, was launched in October 15, 1992, with the vision of revolutionizing the concept of book retailing in India. Today, Crossword is one of India's fastest growing bookstores and is spread across seven cities - Delhi, Mumbai, Ahmedabad, Pune, Vadodara, Chennai and Hyderabad.
K. Raheja Corp. has been providing quality real estate solution in Mumbai and Pune. The Group has also joined hands with APIIC, to develop an IT Park at Cyberabad, Hyderabad. The upcoming facility with built up area of 4.5 million sq. ft. will house the IT and ITES industry. The specialty of the company is that it offers 'customized projects'. The customized projects offered by the company are beyond just being swanky commercial set ups. Maple Leaf, Mumbai, Brooke Ville, Mumbai, Raheja Vistas, Mumbai, Raheja Vistas, Pune and Vivarea, Mumbai are some of the residential projects of the company.
K Raheja Corp. has collaborated with ProLogis for the acquisition of land, development of properties and management of the assets in various parts of India. The joint venture initially aimed to develop opportunities in some of the fastest growing cities of India, including Mumbai, Chennai, Delhi, Bangalore, Kolkata and Pune. Through this joint venture, the Group has already managed to acquire about 27 acres of land in Loni near Pune and looks forward to acquire more land in other key markets. K Raheja Corp. has planned to set up at least eight malls, by 2010.
Note: Last updated on July 10,2009.