Chandru Raheja

Chandru Lachmandas Raheja is an Indian billionaire property developer, mostly of IT parks, hotels, malls, and the department store chain Shoppers Stop, of which he is the chairman. Chandru Raheja was born in 1941, the son of Lachmandas Raheja, and has four brothers.

  • One of four brothers, Chandru Raheja ventured out on his own in 1996 after a split in his family property empire.
  • Today his privately held K. Raheja Corp. is one of Mumbai’s leading developers and is run by his sons Ravi and Neel.
  • Raheja is known for its IT parks, hotels, malls and listed department store chain, Shoppers Stop.
  • In 2017, Raheja sold a 15% stake in his firm’s commercial-property unit to private equity firm Blackstone for $250 million.
  • In February 2019, Raheja listed his Chalet Hotels, which owns a string of hotels such as J.W.Marriott in Mumbai and Westin in Hyderabad.

Chandru Raheja Raheja Corp