Corporate · ESG
K Raheja Corp Real Estate Earns 4-Star GRESB Rating With 93.5 Score
K Raheja Corp Real Estate Pvt. Ltd., the Mumbai-based residential and commercial development arm of K Raheja Corp, has been rated 4-Star in the 2026 GRESB Development Benchmark with a score of 93.5 out of 100, up from 3-Star in 2025, according to a company statement dated 4 November 2026.
| Company | K Raheja Corp Real Estate Pvt. Ltd. (KRCREPL), Mumbai |
|---|---|
| Benchmark | 2026 GRESB Development Benchmark |
| Rating | 4-Star, up from 3-Star in 2025 |
| Overall score | 93.5 out of 100, with full marks in nine of 12 scored aspects |
| Management score | 29.8 out of 30, above both the GRESB and benchmark averages |
| Development score | 63.7 out of 70, against a GRESB average of 58.5 |
| Green-certified or pre-certified area | Approximately 15 million sq. ft. under IGBC and LEED frameworks, as stated by the company |
| Date reported | 4 November 2026 |
What happened
On 4 November 2026, K Raheja Corp Real Estate Pvt. Ltd. announced that it had secured a 4-Star rating in the 2026 GRESB Development Benchmark. In 2025 the company held a 3-Star rating. GRESB is a global, investor-led benchmark that assesses the environmental, social and governance (ESG) performance of real estate and infrastructure companies.
The company scored 93.5 out of 100 and received full marks in nine of the 12 scored assessment aspects. Its management score was 29.8 out of 30, and its development score was 63.7 out of 70, compared with a GRESB average of 58.5 for development.
Where the full marks came from
The company received full marks in Leadership, Policies, Reporting, Risk Management, Sustainability Requirements, Building Certifications, Energy, Water and Stakeholder Engagement.
The company said its sustainability measures include on-site solar installations and net-zero carbon design standards across its projects. The benchmark also requires every project to achieve at least a Silver rating under IGBC or LEED certification.
Embodied carbon and the 2026 assessment
The 2026 assessment added an indicator for embodied carbon, which covers emissions linked to building materials and construction. The company said it has measured embodied carbon across 23.2% of its projects and plans to expand that coverage across its portfolio. No date for the expansion was given.
Green certification footprint
KRCREPL stated that about 15 million sq. ft. of its development portfolio is now green-certified or pre-certified under IGBC and LEED frameworks. This is the company's own figure and has not been independently audited. For context, the company reported a green building footprint of 4.57 crore sq. ft. across commercial and residential projects as of September 2018.
Related rating for a listed affiliate
Mindspace Business Parks REIT, which is sponsored by K Raheja Corp but is managed by a different 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. Mindspace REIT had earlier earned a 5-Star GRESB rating for the third consecutive year, as announced on 15 October 2025. These results belong to the REIT and are separate from the KRCREPL rating.
What it means for buyers and investors
The rating and portfolio figures are company-stated. The announcement does not describe any new launch, price change or buyer-facing offer. It does not name a project, location, price or RERA registration.
For investors who use GRESB results as an ESG screen, the company's disclosures on energy, water, risk management and reporting are the areas where it scored highest. Buyers who want to check green claims on a specific project can compare the certification named in that project's own documents with the IGBC or LEED framework the company describes.
Context for the company
K Raheja Corp, founded in 1956 and headquartered in Mumbai, says it pioneered the concept of self-contained townships and commercial business districts in India. In June 2025 the group said it was prioritising growth of its residential business, with 30 to 40 projects underway in Mumbai and Pune across premium, luxury and ultra-luxury segments. The group's residential business has also been reported among the top five developers in Mumbai by sales, based on a data firm's analysis of FY21 to FY25 figures, in which K Raheja Corp recorded sales of ₹9,636 crore. The top-five ranking comes from that analysis and has not been confirmed by an official table.
What comes next
The company has named climate resilience, decarbonisation, wider green building certification and resource efficiency across the development lifecycle and value chain as its key focus areas. It plans to extend embodied carbon measurement beyond the current 23.2% of projects. The release did not give dates for these steps or for the next GRESB assessment cycle.
Frequently asked questions
What is GRESB?
GRESB is a global, investor-led benchmark that assesses the ESG performance of real estate and infrastructure companies. Investors use its results to compare companies.
What did K Raheja Corp Real Estate score in the 2026 benchmark?
The company reported a score of 93.5 out of 100, with full marks in nine of the 12 scored aspects. Its rating moved from 3-Star in 2025 to 4-Star in 2026.
Does this rating change anything for home buyers?
The announcement does not mention any launch, price change or buyer offer. It is a corporate ESG result. Buyers can check the certification status of a specific project in its own documents.
What is embodied carbon and why does it matter here?
Embodied carbon covers the emissions linked to building materials and construction. The 2026 GRESB assessment added it as an indicator. The company said it has measured this across 23.2% of its projects.
Is Mindspace REIT the same company as K Raheja Corp Real Estate?
No. Mindspace Business Parks REIT is sponsored by K Raheja Corp but is managed by K Raheja Corp Investment Managers, a separate entity. Its GRESB results were announced separately on 19 October 2026.