K Raheja Corp

CG Power, K Raheja Corp ink agreement to develop Mumbai land; stock up 8%

The developer has to complete the entire construction and development of the 'new building'; the company and the developer shall be entitled to an equal share, i.e., 50% in the new building.

Mindspace Business Park REIT appoints Ramesh Nair as new CEO from September

Mindspace Business Park REIT has appointed Ramesh Nair as its new Chief Executive Officer with effect from September 1. Nair, who has experience of more than two decades in real estate sector, was earlier CEO of real estate consultant Colliers India. Before that, Nair was CEO & Country Head at JLL India where he worked for over 21 years. The Board of Directors of K Raheja Corp Investment Managers Pvt Ltd, manager to Mindspace Business Parks REIT, noted the resignation of Vinod Rohira, the current CEO, with effect from August 31, 2023. It also approved the appointment of Nair as the CEO with effect from September 1, 2023, according to a regulatory filing on Monday. The board approved the appointment of Rohira as the additional (non-executive, nonindependent) director on the board of the Mindspace REIT. Rohira will also have a larger role within the K Raheja group as Managing Director and CEO Commercial Real Estate, K Raheja Corp. He will also be on the board of the residential ..

K Raheja Corp sells luxury homes worth Rs 1,100 cr in single project

Realty firm K Raheja Corp on Friday said its housing arm has sold properties worth Rs 1,100 crore in its luxury residential project at South Mumbai during the March quarter. K Raheja Corp Homes, the residential business of K Raheja Corp group, delivered a record breaking, pre-formal launch sales revenue of Rs 1,100 crore, through its single project Raheja Modern Vivarea in under 90 days, in the fourth quarter of last fiscal, the company said in a statement. Raheja Modern Vivarea, located in Mahalaxmi micro-market, was launched in the last quarter of FY23. The project, having 10 lakh square feet of total saleable area, will house only 2 towers. The demand for luxury residential properties have surged during the last two years.

Five of India's ten richest realty barons saw wealth erosion last year

Among the top 10, Mangal Prabhat Lodha and family of Macrotech Developers saw the steepest wealth erosion of 20 per cent in 2022-23: Grohe-Hurun India Real Estate Rich List 2023

Macrotech, Raheja Corp to pay for employees' Covid-19 vaccination

Two of the largest city-based realty players -- the IPO-bound Macrotech Developers, earlier known as Lodha Group, and K Raheja Corp -- said they would pay for the vaccinations of their employees.

Mindspace REIT plans to raise up to Rs 450 cr through issue of securities

Mindspace Business Parks REIT on Thursday said the company plan to raise up to Rs 450 crore through the issue of debt securities. In a regulatory filing, the company informed that the decision will be taken at a meeting on March 9. "a meeting of the executivecommittee of the manager shall be held on Tuesday, March 9, 2021, to consider and approve raising of funds by Mindspace REIT through the issue of a debt security(ies) aggregating up to Rs 450 cores by way of the private placement," the filing said. The fund could be raised in one or more tranches. Mindspace REIT, promoted by K Raheja Corp and Blackstone, got listed on stock exchanges last year after launching a public issue of Rs 4,500 crore. It owns office portfolios located in four key office markets of India, namely Mumbai Region, Pune, Hyderabad and Chennai. Mindspace REIT has a total leasable area of 29.5 million square feet. The portfolio consists of five integrated business parks and five quality independent office ass

Unlock 4: Maharashtra allows hotels and lodges to operate at 100% capacity

Even as the hotel association welcomed the move, it said the notification is silent on restaurants and will help if there is further clarity

Mindspace Business Parks REIT raises Rs 1,125 crore ahead of IPO

The IPO will open on July 27 and close two days later.

Covid-19 lockdown: Tenants seek waiver of lock-in periods; owners wary

While 2019 saw a record office absorption of 42 million square feet in top cities, this year, it is expected to come down to 30 million sq ft and additional leasing is expected to come down sharply

Construction to resume, focus now on labour, raw materials and funds

Not all companies to gain. while those in hotspots will remain shut, industry feels relaxation applies only to open-air work, not underground or tunnelling operations

From Sanjay Sethi to Ameera Shah, meet new entrants in BS1000 club

The latest members of the BS1000 club have bet on capital expenditure, acquisitions and partnerships for growth

Kiran Mazumdar-Shaw wins EY Entrepreneur of the Year award for 2019

Awards announced for nine other categories; Adi Godrej gets Lifetime achievement award

In a breather to Raheja Developers, NCLAT sets aside insolvency proceedings

The NCLAT also questioned the role of its flat buyers and observed that they moved the NCLT to initiate insolvency proceedings against the company "fraudulently with malicious intents".

Raheja-Blackstone firm files draft offer document for Rs 3,500-cr REIT IPO

The REIT has roped in 13 bankers, including Morgan Stanley, CLSA, and Nomura for the issue.

Raheja to buy Citibank property in Mumbai's BKC for Rs 400 crore

Citibank had planned to sell the eight-storey building in 2013 but did not proceed

Real estate firm K Raheja under I-T lens for tax evasion

I-T department is examining the books of Hypercity and other group companies of the conglomerate to see if there is any discrepancy in the transaction

Raheja Corp to raise Rs 500 crore through CMBS

In 2014, Intime Properties, part of the group, raised Rs 340 crore through the issue of NCDs

Rahejas eye $500 million from deal with Temasek, Warburg Pincus

C L Raheja-promoted company wants to sell 20 per cent stake in the office space arm