Rajshree Builders

What Rajshree Builders does

Rajshree Builders is a Mumbai-based, family-owned residential real estate developer founded in 1975 by Mr. Laxmiechand Dedhia and now led into its third generation with Mr. Pujan Dedhia joining in 2022. The company develops mid-rise to high-rise residential towers primarily in Mumbai's eastern suburbs, with a core focus on Ghatkopar and a wider footprint across Chembur, Malad, Vidyavihar, Thane, and Kalyan. It has developed over 2,500,000 sq.ft cumulatively and serves more than 2,500 customers across a portfolio of roughly twenty completed projects, four ongoing projects (Rajshree Aashiyana, 55 East, 11 East, 43 East), and two upcoming launches (Rajshree Kuber, Rajshree Skyline). The firm is best known as a pioneer of MHADA redevelopment in Maharashtra starting in 1996, a specialized vertical that has won regional industry recognition and remains a structural differentiator versus larger national developers.

The company's core construction methodology centers on MIVAN formwork technology, marketed for its seismic resistance, reduced joints, and zero-wastage design. Projects are positioned as premium suburban offerings with air-conditioned apartments, sky lounges, gated-community layouts, and post-sale support including bank loan assistance and channel-partner brokerage. Customer-facing technology is limited to non-AI buyer utility tools (an EMI calculator and a stamp duty/registration calculator) hosted on the corporate website, with social media and customer testimonials used as secondary marketing channels.

Revenue is generated through one-time sales of residential units to individual end-users, investors, and NRI buyers, with no institutional B2B customers or recurring revenue streams. Distribution combines a direct sales team at the Ghatkopar East corporate office with a formalized channel-partner registration program for RERA-credentialed brokers. Financials are not publicly disclosed; no funding rounds, PE/VC backing, or institutional investors are referenced in available materials. The business is recognized through regional awards including Mid-Day Real Estate Icons (2018, 2021) and Times Real Estate Conclave Customer Centric Developer (2021).

Name

Rajshree Builders

Legal name

Rajshree Builders

Website

https://rajshreebuilders.com

Company type

Private

Founded year

1975

Operating status

Operating

Headcount range

11–50 employees

Short description

Rajshree Builders is a family-owned Mumbai residential real estate developer founded in 1975, specializing in mid-rise and high-rise apartment towers in eastern suburbs (Ghatkopar core) using MIVAN construction technology, with a recognized MHADA redevelopment practice serving individual home-buyers, investors, and NRI customers.

Ownership category

akta.pro rank

Product category

Residential Real Estate Development

NAICS

New Housing For-Sale Builders (236117), Residential Building Construction (23611)

SIC

Operative Builders (1531), General Bldg Contractors - Residential Bldgs (1520)

akta.pro primary industry

Spec Home / Production Homebuilding (Tract & Volume Builders) (IMAFABAD)

akta.pro secondary industries

Residential Design-Build & Renovation-Integrated Builders (IMAFABAE), Multi-Family Residential Construction (Apartments, Condos, Townhomes) (IMAFABAB)

Keywords

• Residential real estate development
• Luxury apartments Mumbai
• MHADA redevelopment projects
• Property construction services
• Gated community housing

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Residential Property Sales: One-time sale of residential apartments and towers. Customers purchase completed or under-construction units. Revenue recognized upon property handover.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Rajshree Builders is a Mumbai-based real estate developer that builds and sells residential apartment towers in the Mumbai metropolitan region, primarily in Ghatkopar and surrounding eastern suburbs. The company delivers ongoing, completed, and upcoming residential projects using MIVAN construction technology, and supports buyers with bank loan assistance, stamp duty and EMI calculators, and a channel partner referral program.

Product overview

Rajshree Builders is a Mumbai-based real estate developer offering a portfolio of residential projects across various stages of development. The company operates a multi-project portfolio consisting of four ongoing projects (Rajshree Aashiyana, Rajshree 55 East, Rajshree 11 East, and Rajshree 43 East), over a dozen completed residential projects across Mumbai suburbs including Chembur, Thane, Malad, and Vidyavihar, and two upcoming projects (Rajshree Kuber and Rajshree Skyline). All projects are located in the Mumbai metropolitan region, primarily in eastern suburbs. The company also provides buyer utility tools including a Stamp Duty Calculator and an EMI Calculator to support property purchase decisions.

Differentiator

Problem solved

Functional benefit

Products and services

• Rajshree Aashiyana An ongoing G+12 storey residential tower in Ghatkopar East offering exclusive 3 BHK apartments with modern amenities and a sophisticated lifestyle experience for individual home buyers and families.
• Rajshree 55 East An ongoing G+16 storey residential tower in Ghatkopar East providing spacious 1 and 2 BHK apartments with curated luxury amenities for individual home buyers.
• Rajshree 11 East A luxurious 21-storey residential tower in the heart of Mumbai offering 2 and 3 BHK air-conditioned apartments, state-of-the-art amenities, and a 16th-floor sky lounge with panoramic city views.
• Rajshree 43 East A residential tower in Ghatkopar East offering spacious, zero-wastage air-conditioned 1, 2, and 3 BHK apartments built with sustainable technology, featuring an indoor sky lounge on the 16th floor.
• Rajshree Kuber An upcoming residential project planned in Ghatkopar West targeting individual home buyers seeking new-construction apartments.
• Rajshree Skyline An upcoming residential project planned in Kalyan East targeting buyers in the broader Mumbai metropolitan area.
• Rajshree Orchid A completed residential project in the Ghatkopar area recognized by past buyers for on-time delivery and investor-grade location.
• Rajshree Clover A completed residential project located in Chembur, repeatedly cited in customer and NRI testimonials for construction quality, finishing, and smooth handover.
• Rajshree Amber A completed residential project in Malad East representing the redevelopment of the company's first project (originally Rajshree Ambika) and rebranded in 2005.

Quantifiable outcome

• 2500+ customers satisfied over nearly 50 years
• +2 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Marathon Group: Mumbai-based residential and commercial developer with a strong eastern-suburbs footprint (Lower Parel, Mulund, Bhandup, Dadar); directly comparable as a family-promoted Mumbai builder of mid-rise and high-rise residential towers targeting similar buyer segments.
• Rustomjee Group: Mumbai-focused residential developer active in central suburbs including Chembur and Ghatkopar area; comparable as a regional Mumbai builder competing for similar mid-market and premium residential customers with similar tower-format projects.
• Piramal Realty: Mumbai-focused premium residential developer; comparable on luxury mid-rise and high-rise apartment product positioning in central Mumbai, though typically a tier above Rajshree on price points and project scale.
• Wadhwa Group: Mumbai metropolitan region residential developer active in central and eastern suburbs; comparable as a regional builder offering similar G+ tower-format apartment products to mid-market and premium buyers in overlapping micro-markets.
• Kanakia Group: Mumbai-based developer with residential projects across the city and suburbs including Borivali, Andheri, and Ghatkopar-adjacent areas; directly comparable as a regional builder pursuing redevelopment and new-launch residential projects for similar mid-market customers.

Broad incumbents

• Hiranandani Group: Established Mumbai developer with township-scale projects in Powai, Thane, and other eastern suburbs; broad incumbent competing for similar customer demographics in overlapping geography but with much larger integrated-township product offering.
• Lodha / Macrotech Developers: India's largest listed residential developer with dominant Mumbai presence; broad incumbent that competes for both redevelopment opportunities and prime micro-markets, but operates at a fundamentally different scale and capital base than Rajshree.
• Godrej Properties: Listed national residential developer with significant Mumbai presence; broad incumbent that competes for redevelopment and greenfield opportunities across the same micro-markets Rajshree targets, with vastly greater financial firepower and national brand.
• Oberoi Realty: Listed Mumbai-focused developer with a much larger land bank and project pipeline; broad incumbent operating in the same geography and product category (premium residential towers) but at significantly greater scale and capital base.
• Shapoorji Pallonji Real Estate: Diversified Mumbai-headquartered developer with residential projects across MMR; broad incumbent in the same product category and geography, with a much larger land bank and diversified construction-and-development parent group.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/rajshreebuilders
• LinkedInlinkedin.com/company/rajshree-builders-llp

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Rajshree Builders