Misplaced Pages

Raheja Developers: Difference between revisions

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.
Browse history interactively← Previous editNext edit →Content deleted Content addedVisualWikitext
Revision as of 11:48, 5 January 2015 editWikiaccnt1234 (talk | contribs)33 editsNo edit summary← Previous edit Revision as of 11:56, 5 January 2015 edit undoWikiaccnt1234 (talk | contribs)33 editsNo edit summaryNext edit →
Line 1: Line 1:
{{Proposed deletion/dated
{{db-g7}}
|concern = affecting our business
|timestamp = 20150105115612
}}


{{Infobox company {{Infobox company

Revision as of 11:56, 5 January 2015

It is proposed that this article be deleted because of the following concern:

affecting our business

If you can address this concern by improving, copyediting, sourcing, renaming, or merging the page, please edit this page and do so. You may remove this message if you improve the article or otherwise object to deletion for any reason. Although not required, you are encouraged to explain why you object to the deletion, either in your edit summary or on the talk page. If this template is removed, do not replace it.

This message has remained in place for seven days, so the article may be deleted without further notice.

If you created the article, please don't be offended. Instead, consider improving the article so that it is acceptable according to the deletion policy.
Find sources: "Raheja Developers" – news · newspapers · books · scholar · JSTORPRODExpired+%5B%5BWP%3APROD%7CPROD%5D%5D%2C+concern+was%3A+affecting+our+businessExpired ], concern was: affecting our business
Nominator: Please consider notifying the author/project: {{subst:proposed deletion notify|Raheja Developers|concern=affecting our business}} ~~~~
Timestamp: 20150105115612 11:56, 5 January 2015 (UTC)
Administrators: delete
Raheja Developers Limited
Company typePrivate
IndustryReal estate
Founded1990 (1990)
FounderNavin Raheja
HeadquartersNew Delhi, India
Key peopleNavin Raheja (Chairman and Managing Director),
Nayan Raheja (Executive Director)
Websitewww.raheja.com

Raheja Developers Limited, (RDL), formerly Raheja Developers Private Limited, is an Indian real estate development company with its headquarters in Delhi, India, and was incorporated in 1990 by Navin Raheja.

It has recently been in the news because the Prime Minister of India's Office has ordered a probe against irregularities in Gurgaon housing project named Raheja Atharva. In addition, Forbes India also wrote of Raheja Developers indulging in Strategic lawsuit against public participation to stifle criticism of its business practices.

Forty three (43) buyers of Raheja Atharva residential project have also filed a lawsuit against Raheja Developers in the National Consumer Disputes Redressal Commission with case numbers CC/250/2014, IA/4928/2014, IA/4929/2014, IA/5218/2014 and IA/7869/2014. The case is ATHARVA TOWERS OWNERS ASSOCIATION vs. RAHEJA DEVELOPERS LTD, and the relevant documents and audio recordings have now been made publicly available by the Raheja Atharva Owners Association.

Operation Black Ninja

Raheja Developers were named in a sting operation of Indian black money by investigative portal Cobrapost. The apex body Central Board of Direct Taxes has ordered a probe by investigation units of the Income Tax department against Raheja Developers, and 34 other developers caught in the Cobrapost sting. Raheja Developers Ltd were also target of a tax raid by Indian Income Tax authorities in Feburary 2010, and tax evasion worth 800 million Indian Rupees was unearthed at that time.

DDA Contract

In 2009 Raheja won a contract to rehabilitate the slums at Kathputli Colony in Shadipur, where the company would build 2,800 flats for the economically depressed section of the area and receive 10% of the land for commercial use. The company was the focus of criticism in 2014 after a candidate for the Aam Aadmi Party alleged that the contract was a scam created by the Delhi Development Authority and the company. The party further alleged that the contract was a way to give the company prime real estate at a low cost under the guise of assisting the slum dwellers, who state that they were forcibly evicted from their homes.

Development partners

Raheja Developers works with contractors like Aedas, Callison, Lessard, Meinhardt, WSP, Shapoorji-Pallonji, L&T etc. Two of its Joint development projects are in collaboration with Tata group. It also own two Joint Venture Construction companies in India; Arabtec- India Limited (Arabtec being the largest construction company in UAE and have the credentials of building Burj Khalifa- tallest building in the world); and ECC).

See also

References

  1. "Busness Week: Raheja Devpers Ltd". Business Week. Retrieved 26 November 2014.
  2. Hussain, Shabana. "PMO asks Haryana to probe complaints against Raheja Developers". Forbes India Magazine. Retrieved 19 December 2014.
  3. Hussain, Shabana. "It's Builders Vs Buyers in the Indian Real Estate Industry". Forbes India. Retrieved 5 January 2015.
  4. "Forty three (43) Raheja Atharva Buyers Sue Raheja Developers (Gurgaon) In National Consumer Commission". GurgaonScoop. Retrieved 26 December 2014.
  5. "Raheja Atharva Owners Association". Google Groups. Retrieved 5 January 2015.
  6. "Operation Black Ninja". Cobrapost. Retrieved 11 December 2014.
  7. "Raheja Developers BUSTED in Sting Operation By Cobrapost Regarding Black Money". Qubrex News. Retrieved 18 December 2014.
  8. "Black money rampant in realty deals, reveals sting op". Times of India. Retrieved 11 December 2014.
  9. "Cobrapost Stings Realtors". Business Standard. Retrieved 11 December 2014.
  10. "Black Money: CBDT orders I-T Probe against select real estate firms". www.luivemint.com. Mint. Retrieved 11 December 2014.
  11. "Cobrapost sting: CBDT orders probe against real estate firms over black money allegations". Financial Express. Retrieved 11 December 2014.
  12. Saini, Manveer. "Tax evasion worth Rs 80cr unearthed". Times of India. Retrieved 5 January 2015.
  13. "DDA's slum makeover plan takes off with Kathputli Colony". Mandakini Gahlot indianexpress.com. Retrieved October 7, 2009.
  14. "AAP's Police complaint on Kathputli Colony scam". Retrieved 20 November 2014.
  15. ALI, MOHAMMAD. "'DDA granted undue benefits to Kathputli Colony redeveloper'". Retrieved 20 November 2014.
  16. "Delhi: Kathputli Colony facing threats of evictions and police action". Retrieved 20 November 2014.
  17. "Tata Housing to develop 200 lakh sq. ft". The Hindu. Retrieved August 8, 2008. {{cite news}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  18. "Lessard Design". Lessard Design. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  19. "Times of India Publications". Times of India. {{cite news}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  20. "Bhoomi Poojan of – RAHEJA SHILAS". MagicBricks. Retrieved October 18, 2010. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  21. "RAHEJA ARANYA - OVERVIEW". Times of India. Retrieved November 7, 2013. {{cite news}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  22. "Rahejas to ink JVs with Tata Housing, 2 Dubai firms". Financial Express. Retrieved November 1, 2011. {{cite news}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  23. "Raheja forms JV with Dubai's construction firm Arabtec". Livemint. Retrieved November 5, 2011. {{cite news}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  24. "RAHEJA REVANTA - OVERVIEW". Times of India. Retrieved November 6, 2013. {{cite news}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  25. "RAHEJA OMA - OVERVIEW". Times of India. Retrieved November 7, 2013. {{cite news}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
Categories: