|Raheja Developers Private Limited|
|National Capital Region|
|Rajesh Raheja (Chairman and Managing Director) |
Udit Raheja (Board of Director)
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$11 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.
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