K Raheja Corp

The board of the manager of the Reit has approved the acquisition and also a preferential issue of units aggregating up to ₹1,820 crore

HR is now a strategic voice shaping people, culture, and business. In this episode, Urvi Aradhya, CHRO at K Raheja Corp, shares insights on comebacks, leadership, diversity, and the future of HR.

Mindspace Reit has raised Rs 550 crore through sustainability-linked bonds from IFC, the World Bank Group arm, in the first issuance under Sebi's new ESG framework

The agreement includes the sale of all pieces and parcels of land along with an existing building on the 5.75-acre site

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 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 ..

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.

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

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 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

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

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

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

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

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

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

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".

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

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

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