CJ Roy: The Tragic End of a Real Estate Magnate

CJ Roy, the owner of Confident Group, died by suicide on Thursday. Initial reports suggest that he shot himself inside his office near Richmond Circle, Bengaluru. He was 57 years old. According to reports, CJ Roy was under severe stress following Income Tax raids conducted earlier in the day on companies linked to him.

As per reports, Roy shot himself a single bullet in the chest. Income Tax officials immediately rushed him to Narayana Hospital in HSR Layout. The incident has shocked people in business and real estate circles. Police reached the spot soon after and have started an investigation. More details are expected as the probe continues. PTI journalist Elizabeth Kurian reported that CJ Roy was reportedly distressed due to the Income Tax raids carried out earlier that day.

Who was CJ Roy?

CJ Roy was a prominent figure in the real estate and business sectors. His conglomerate, Confident Group, has major operations in Kerala and Karnataka, and projects in the UAE, including Dubai. He held a doctorate in Business Administration and began his career in the corporate sector before entering the real estate business in the mid-2000s.

Under his leadership, Confident Group expanded from a single project in Kerala into a large multi-sector developer with more than 100–160 projects across residential and commercial real estate, hospitality, and allied businesses. His estimated net worth is in the range of about Rs 300–500 crore, as per Affluense.

Police Statement

According to Commissioner Seemanth Kumar Singh, “The Chairman of the Confident Group has died by suicide. The body is currently at the hospital. The SOCO team and the crime team have conducted inspections. A complaint has been filed by a director of the company.”

Preliminary information suggests that he died by shooting himself. An investigation is underway to determine the type of pistol used and how many rounds were fired. The incident occurred at around 3:15 PM. Police are in communication with Income Tax officials, as the IT raids have been going on for the past three days. The IT raids were conducted by the Kerala Income Tax team. Investigators are also looking into who was present at the time of the incident. The investigation is ongoing, and more details will be shared after it is completed.

About Confident Group

Headquartered in Bengaluru, Confident Group developed a strong presence in Kerala and later expanded overseas. Its core focus remained residential and commercial real estate, including luxury apartments, plotted developments, and townships, along with diversification into sectors such as hospitality, aviation, entertainment, education, golf projects, and building-materials trading. The company positioned itself as a low-debt or zero-debt developer, emphasizing clear land titles, legal transparency, and minimal litigation to build buyer confidence.

At its peak, Confident Group was reported to have completed or launched around 140–165 projects, covering over 40 million square feet of development and serving more than 15,000 customers across India and the Gulf region. The group was often cited among leading real estate developers in South India, with several projects receiving high CRISIL ratings and strong brand recognition, particularly in Kerala and Bengaluru.

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