K Raheja group
Due to the poor economic conditions, only one mall is coming up in the last three months. The only mall was developed in Pune which is stuck with the second-highest vacancy level in the country at 27.5 percent. Ahmedabad maintains its tag as the graveyard of Indian retail with a vacancy level of 31.6 percent [...] Continue Reading »
The private investment group Xander-backed Virtuous Retail Pte Ltd has appointed S Raghunandan as CEO and also appointed MN Hariharan as director of finance. Mr. Raghunandan has experience of over 30 years and joined Virtuous Retail after serving as CEO Retail of realty firm Prestige Group for the past six years. At Prestige, he handles [...] Continue Reading »
S Raghunandan has been roped as chief executive officer of Indian unit Virtuous Retail Services Pvt. Ltd, whereas the company also announced the appointment of MN Hariharan as director of finance. Early this month, VCCircle had first announced the approaching management changes at the firm. After serving as CEO Retail of realty firm Prestige Group [...] Continue Reading »
On Tuesday, Gopal Raheja of GL Raheja Group died, who was among the first professional property developers in the country, patriarch of the 11,000-crore.The actual reason for his death is not known though he was 80 and was ailing for some time now. An active real estate developer since the 1960s, Gopal Raheja was mainly [...] Continue Reading »
India’s large mall developers companies are focusing on small towns, scouting for potential purchases. Developers like Future Group, Inorbit Malls (India) Pvt. Ltd and Infiniti Mall are looking to acquire malls in small cities to tap the potential there, while the top urban markets are close to being saturated. Inorbit, a division of Mumbai-based real estate developer K Raheja [...] Continue Reading »
