Raheja Developers
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Formerly called
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Raheja Developers Private Limited |
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| Private | |
| Industry | Real estate |
| Founded | 1989 in Delhi, India |
| Founder | Navin Raheja |
| Headquarters | Saket, New Delhi, India |
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Area served
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National Capital Region |
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Key people
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Navin Raheja (Chairman and Managing Director) Nayan Raheja (Executive Director) |
| Website | www |
Raheja Developers Limited, (RDL), formerly Raheja Developers Private Limited, is an Indian real estate development company with its headquarters in Delhi, India. RDL was incorporated in 1989.
Raheja Developers Limited was incorporated by Navin Raheja in 1989. The group has worked with contractors such as Aedas Shapoorji-Pallonji, and two of its joint-development projects were in collaboration with Tata Group. It had also collaborated with Dubai-based Arabtec Construction.
In 2008, Raheja Developers planned to build a Special Enterprise Zone (SEZ) in Gurgaon at an estimated cost of $660M US. The development was to be on a 255-acre (103 ha) site but the project did not advance. The Government of India announced denotification of the SEZ project on 29 January 2014; the entire project was scrapped.
In 2010, a raid by Indian Income Tax authorities led to a recovery of tax evasion amounting to ₹80 crore (US$12 million).
In 2014 investigative portal Cobrapost conducted a sting operation against several real estate developers. It alleged that Raheja was one among the several developers willing to accept black money.
In 2014, the Prime Minister of India's Office ordered a probe relating to alleged irregularities in a Gurgaon housing project named Raheja Atharva. Subsequently, the State Level Expert Appraisal Committee investigated, and 0.8 acres of the Atharva project was sealed as it was illegally constructed without any Environmental Clearances.
Raheja launched a project in Sohna in January 2015 under the affordable housing policy of the Haryana Urban Development Authority (HUDA).
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Wikipedia