Raheja Universal
 | |
| Private | |
| Industry | Real estate |
| Founded | 5 November 1985[1] |
| Founder | Suresh L. Raheja |
| Headquarters | Mumbai, India |
Area served | India |
Key people |
Suresh Raheja[2] (Chairman) Ashish Raheja (managing director)[3] Rahul Raheja[4](vice chairman) |
| Products |
Residential buildings Commercial complexes Townships Industrial Parks IT Parks Hotels |
| Website | Official website |
Raheja Universal Private Limited is a real estate development company headquartered in Mumbai, India.[3] The company has completed development of over 6,250,000 square feet (581,000 m2) of real estate in the Mumbai Metropolitan Region across 48 projects.[2] Its sole completed project outside the region was at Mangalore and although it has held, sometimes in joint ventures, parcels of land in other cities, the company announced in July 2016 that it intended to abandon its plans for expansion beyond Mumbai and to divest those holdings.[5] According to a CRISIL research rating report released in 2010, the company had a land bank of close to 1,202 acres across eight cities in India.[6]
Projects include Raheja Legend, a 547-feet-high residential tower, Raheja Titanium I (now as Standard Chartered Towers) at Goregaon, and Raheja Waterfront.[7]
As of July 2016, the company operates mainly in the residential segment but had plans to develop its commercial real estate portfolio, which at that time accounted for about 10 per cent of its revenue.[5]
History
Raheja Universal Pvt. Ltd. was founded as Garden View Properties and Hotels Private Limited on 5 November 1980. Subsequently, the name of the company was changed to K. Raheja Universal Private Limited and finally, to Raheja Universal Pvt. Ltd.
Plans for an IPO in 2010 were abandoned when they received a poor reaction from the market.[5]
See also
References
- ↑ "Company Information". ZaubaCorp. Retrieved 10 November 2016.
- 1 2 Ved, Yash (5 July 2016). "Ashish S. Raheja, Managing Director, Raheja Universal Ltd". Mumbai: India Infoline.
- 1 2 "The Urban Debate: In conversation with Ashish Raheja". Economic Times. 16 April 2016.
- ↑ "Raheja Universal Chooses IBM For SAP ERP Deployment". First Post. 25 April 2011.
- 1 2 3 "Raheja Universal to sell land parcels outside MMR to fund future projects". Live Mint. July 18, 2016.
- ↑ "Raheja Universal Limited CRISIL IPO Grade" (pdf). CRISIL. 16 August 2010.
- ↑ "RUL launches ‘Raheja Waterfront'". Mangalore: The Hindu. 2 April 2011.