Chandru Raheja was born in 1941, the son of Lachmandas Raheja, and has four brothers. He has a bachelor’s degree in law from the University of Mumbai. His cousin Rajan Raheja is also a billionaire.

Under Raheja’s leadership, K Raheja Corp had made major progress in the residential and commercial real estate space, and ventured out into other segments. With the departmental store chain Shoppers Stop, established in 1991 under the banner of K Raheja Corp, the group expanded into building malls like InOrbit in 2004. He guided K Raheja Corp for the development of the brand Mindspace which was dedicated to acquiring land for the construction of IT Parks.

Raheja established his own real estate firm in 1996 when the business was divided into three groups between Gopal Raheja, chairman of K Raheja Constructions, Suresh Raheja, chairman of K Raheja Universal and Chandru Raheja, the chairman of K Raheja Corp, and Shoppers Stop Ltd. In the book India’s New Capitalists: Caste, Business, and Industry in a Modern Nation, Harish Damodaran stated that Raheja-owned K Raheja Corp has emerged as the biggest business of the various entities which were formed after the split.