K Raheja's development arm rises to 4-star on GRESB green benchmark

K Raheja Corp Real Estate Pvt. Ltd., the residential and commercial development arm of K Raheja Corp, has been rated 4-Star in the 2026 GRESB Development Benchmark, the company said in a press release issued from Mumbai on 4 November 2026. Its rating improves on the 3-Star rating it received in 2025. GRESB is a global, investor-led benchmark that assesses the environmental, social and governance (ESG) performance of real estate and infrastructure companies.

The company said it scored 93.5 out of 100 and received full marks in nine of the 12 scored aspects. These were Leadership, Policies, Reporting, Risk Management, Sustainability Requirements, Building Certifications, Energy, Water and Stakeholder Engagement. Its management score was 29.8 out of 30, which the company said exceeded both the GRESB average and the benchmark average. Its development score was 63.7 out of 70, against a GRESB average of 58.5.

What the assessment measured

The company said its sustainability measures include on-site solar installations and net-zero carbon design standards across its projects. The 2026 assessment also introduced a new indicator for embodied carbon, which covers the emissions linked to building materials and construction. K Raheja Corp Real Estate said it has measured embodied carbon across 23.2% of its projects and plans to widen that coverage across its portfolio. It did not give a date for doing so.

Under the green certification rule described in the assessment, every project must reach at least a Silver rating under the Indian Green Building Council (IGBC) or Leadership in Energy and Environmental Design (LEED) framework. The company said about 15 million sq ft of its development portfolio is now green-certified or pre-certified under these frameworks. That figure is the company's own and comes from its release. It has not been checked against the GRESB scorecard, which the release does not describe as published.

Where the company sits in Mumbai

The company's registered office is at Raheja Tower in the Bandra Kurla Complex (BKC). BKC is served by the Bandra-Kurla Complex metro station on Mumbai Metro Line 3, the 33.5-km underground corridor from Cuffe Parade to Aarey JVLR, which has 27 stations. The Bandra and Kurla railway stations are the nearest on the Western and Central lines. Upcoming works in BKC, as listed by the Mumbai Metropolitan Region Development Authority (MMRDA), include an underground bullet train station, a POD taxi link between Bandra and Kurla stations and Metro Line 2B. The MMRDA source does not give completion dates for these works, and a promotional source puts Metro Line 2B's full operation at 2027. Buyers should treat that date as indicative.

The company has not said which projects the rating covers, and the release names no project, location, price or RERA registration. It also names no official or outside analyst. It is therefore not possible to say how the rating will affect prices or demand in any particular micro-market.

Related rating for a sponsored REIT

Mindspace Business Parks REIT, which is sponsored by K Raheja Corp but managed by a separate entity, K Raheja Corp Investment Managers, was named a GRESB 2026 sector leader on 19 October 2026 with a score of 100 out of 100 in the Development Benchmark. That is a different company from K Raheja Corp Real Estate, and its rating does not apply to the development arm's projects. Mindspace REIT also earned a 5-star GRESB rating for the third consecutive year in October 2025.

What to watch next is the company's extension of embodied carbon measurement beyond the current 23.2% of its projects. The company has listed climate resilience, decarbonisation, wider green certification and resource efficiency as focus areas, but it has not given dates for any of them. The date of the next GRESB assessment cycle was not stated in the release.