Vijay Khetan Group
Vijay Khetan Group is a privately held Mumbai real estate developer, founded in 1971 and family-led, that builds and leases residential complexes, commercial hubs, IT parks, and business centres in prime Mumbai submarkets for individual buyers and corporate tenants.
- Company typePrivate
- Founded1971
- HeadquartersMumbai, India
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
What Vijay Khetan Group does
Vijay Khetan Group (VKG) is a privately held, family-owned real estate developer headquartered in Mumbai, India, operating since 1971 and now led by the third generation under Mr. Vijay Khetan. The company develops residential complexes, commercial hubs, IT parks, and business centres across prime Mumbai submarkets including Goregaon East, Andheri East, JB Nagar, and near the T2 International Airport. Its named commercial assets include VKG Centurion, VKG Corporate Centre (which also serves as corporate headquarters), VKG Corporate Point, and VKG Magnus, the last positioned as a leased workspace near the airport.
VKG monetizes through three primary streams: one-time sales of residential apartments, sale and recurring lease of commercial office space to corporate tenants, and redevelopment of existing Mumbai buildings. Distribution is exclusively direct, with all inquiries handled by an in-house sales team at the Andheri East headquarters and through a request-callback form on vkgindia.com. The company claims 50+ corporate clients, naming Tata as an anchor tenant, and runs a dedicated NRI Corner for overseas Indian buyers. Pricing is quote-based and not publicly disclosed for either residential or commercial transactions.
Operationally, VKG is a traditional, asset-heavy real estate developer with no disclosed technology platform, no proprietary software products, no API or integration footprint, and no evidence of AI or machine-learning capabilities. Its go-to-market relies on a corporate website, organic social media (Facebook, LinkedIn, Instagram, YouTube, Twitter), and direct enterprise sales for corporate leasing. Marketing language emphasizes brand legacy, craftsmanship, and trust rather than product differentiation, and the company has raised no institutional funding, retaining full family control of the balance sheet and project pipeline.
Vijay Khetan Group firmographics
Firmographics- Name
- Vijay Khetan Group
- Legal name
- Vijay Khetan Group
- Website
- https://vijaykhetangroup.com
- Company type
- Private
- Founded year
- 1971
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Vijay Khetan Group is a privately held Mumbai real estate developer, founded in 1971 and family-led, that builds and leases residential complexes, commercial hubs, IT parks, and business centres in prime Mumbai submarkets for individual buyers and corporate tenants.
- Ownership category
- akta.pro rank
Vijay Khetan Group industry classification
Industry- Product category
- Real Estate Development
- NAICS
- New Housing For-Sale Builders (236117), Lessors of Nonresidential Buildings (except Miniwarehouses) (531120)
- SIC
- General Bldg Contractors - Residential Bldgs (1520), Land Subdividers & Developers (No Cemeteries) (6552)
- akta.pro primary industry
- Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)
- akta.pro secondary industry
- New Construction & Builder Sales (BPAJAAAB)
Keywords
Where Vijay Khetan Group is headquartered
LocationHeadquarters
- HQ city
- Mumbai
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
Vijay Khetan Group business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure
Revenue model
- Residential Property Sales: One-time sale of residential apartments and housing units to individual buyers and investors. Revenue recognized upon property handover.
- Commercial Property Sales and Leasing: Sale and lease of commercial spaces including IT parks, business centers, and corporate offices. Multiple commercial projects (VKG Centurion, VKG Corporate Centre, VKG Corporate Point, VKG Magnus) indicate recurring leasing revenue stream.
- Redevelopment Projects: Building redevelopment services in Mumbai, involving transformation of existing properties into modern residential and commercial complexes.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Pay-as-you-go | Residential Properties - Price on request |
| Transaction based/ take rate | Pay-as-you-go | Commercial Properties - Lease/Sale options available |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
Vijay Khetan Group product offering
Product offeringCore offering
Vijay Khetan Group develops and sells residential complexes, commercial hubs, IT parks, and business centres across prime Mumbai locations. The company also provides property redevelopment services in Mumbai and corporate leasing of office spaces, serving individual home buyers and enterprise clients through a direct sales office and digital channels.
Product overview
Vijay Khetan Group (VKG) is a real estate development company offering a diverse portfolio of residential complexes, commercial hubs, IT parks, and business centres across strategic locations in Mumbai. The company's product portfolio includes four named commercial properties: VKG Centurion (Goregaon East), VKG Corporate Centre and VKG Corporate Point (Andheri East), and VKG Magnus (near T2 Airport). VKG also provides redevelopment services, corporate leasing solutions, and services for NRI clients, positioning itself as a full-service real estate developer.
Differentiator
Problem solved
Functional benefit
Products and services
- VKG Centurion A commercial property developed by Vijay Khetan Group located in Goregaon East, Mumbai, forming part of the company's portfolio of commercial hubs and corporate office spaces.
- VKG Corporate Centre A commercial property developed by Vijay Khetan Group located in Andheri East, Mumbai, serving as a corporate office space and the company's headquarters.
- VKG Corporate Point A commercial property developed by Vijay Khetan Group located in JB Nagar, Andheri East, Mumbai, providing corporate office space.
- VKG Magnus A commercial workspace developed by Vijay Khetan Group available on lease near T2 International Airport in Mumbai, targeting corporate tenants.
- Residential Property Development Residential apartments and housing complexes developed by Vijay Khetan Group for families and individual buyers in Mumbai.
- Property Redevelopment Services Building redevelopment services in Mumbai, involving the transformation of existing properties into modern residential and commercial complexes for property owners and societies.
- Corporate Leasing Leasing of commercial office spaces, IT parks, and business centres to enterprise clients in Mumbai, including clients such as Tata.
Companies that use Vijay Khetan Group
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles2 records
Vijay Khetan Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Vijay Khetan Group partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- TataminorTata appears as one of VKG's 50+ trusted corporate clients, leasing office spaces in VKG's commercial properties. The relationship is a commercial tenant-landlord arrangement.
Scale indicators3 records
Recent moves4 records
Expansion highlights3 records
Vijay Khetan Group competitors and assessment
Company assessmentBroad incumbents
- Godrej Properties: Listed pan-India developer with strong Mumbai residential and commercial project pipeline. Operates in the same residential builder-developer category as VKG but with national footprint and institutional capital access.
- Lodha Group (Macrotech Developers): India's largest listed Mumbai-focused residential developer with a deep portfolio across price points and an emerging commercial leasing arm. Directly comparable business model — developer/builder of residential and select commercial assets in Mumbai — but at vastly greater scale.
- Shapoorji Pallonji Real Estate: Pan-India developer with multiple Mumbai projects spanning luxury residential and commercial developments. Comparable in product categories (residential + commercial) though operating at a much larger and more diversified scale.
- Mahindra Lifespace Developers: Listed Indian residential developer with integrated townships and commercial projects. Comparable in the residential and commercial development categories but with broader geographic reach beyond Mumbai.
Direct peers
- Oberoi Realty: Premium Mumbai-focused listed developer building luxury residential towers and Grade-A commercial offices in Andheri-Goregaon corridor. Closely comparable to VKG on geography, product mix (residential + commercial), and target buyer segments.
- Hiranandani Group: Mumbai-rooted developer with flagship mixed-use townships (Powai, Thane) combining residential, commercial and IT-park components. Similar integrated residential-commercial-IT park business model to VKG, though at larger township scale.
- Rustomjee Group: Private Mumbai developer with residential townships and select commercial projects in Andheri and central Mumbai. Closely comparable as a private, Mumbai-centric mid-tier builder-developer serving similar buyer segments.
- Runwal Group: Family-owned Mumbai developer with a portfolio of residential complexes and commercial centers in Andheri-Goregaon and central Mumbai. Closely comparable as a private, family-led mid-tier Mumbai builder-developer with direct sales motion.
Emerging players
- Tata Realty and Infrastructure: Subsidiary of Tata Group developing mixed-use and commercial projects across Indian cities. Notable peer overlap — Tata is also listed as a VKG corporate tenant — and shares the office-park and mixed-use real estate development focus.
Regional players
- Piramal Realty: Mumbai-focused residential developer with luxury and mid-segment projects across the city. Comparable as a Mumbai-centric residential developer with branded project positioning, though less emphasis on commercial leasing than VKG.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat2 records
Key risks5 records
Key highlights5 records
Customer concentration
Vijay Khetan Group social profiles
Digital presenceVijay Khetan Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Vijay Khetan Group leadership team
Management profileNumber of profiles
Profiles1 record
Vijay Khetan Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Vijay Khetan Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Vijay Khetan Group
What does Vijay Khetan Group do?
Vijay Khetan Group develops and sells residential complexes, commercial hubs, IT parks, and business centres across prime Mumbai locations. The company also provides property redevelopment services in Mumbai and corporate leasing of office spaces, serving individual home buyers and enterprise clients through a direct sales office and digital channels.
Is Vijay Khetan Group a public or private company?
Vijay Khetan Group is a private company. It is classified as family owned and is currently operating.
When was Vijay Khetan Group founded?
Vijay Khetan Group was founded in 1971. It employs 101 to 250 people.
Where is Vijay Khetan Group based?
Vijay Khetan Group is headquartered in Mumbai, India, in the Asia region.
How does Vijay Khetan Group make money?
Three revenue lines are on record. Residential Property Sales are the primary driver. The others are commercial Property Sales and Leasing and redevelopment Projects.
Who are Vijay Khetan Group's main competitors?
Broad incumbents on record are Godrej Properties, Lodha Group (Macrotech Developers), Shapoorji Pallonji Real Estate and Mahindra Lifespace Developers. Direct peers are Oberoi Realty, Hiranandani Group, Rustomjee Group and Runwal Group. Tata Realty and Infrastructure is listed as an emerging player. Piramal Realty is listed as a regional player.
Does Vijay Khetan Group have an API?
No public API is recorded for Vijay Khetan Group.
What industry is Vijay Khetan Group in?
Vijay Khetan Group's product category is Real Estate Development. Its primary akta.pro industry code is IMAFABAL, Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities), with a secondary code of BPAJAAAB, New Construction & Builder Sales. Its NAICS code is 236117 and its SIC code is 1520.