Raheja Developers
Indian real estate development company
Raheja Developers Limited, (RDL), formerly Raheja Developers Private Limited, is an insolvent Indian real estate development company with its headquarters in Delhi, India.
RDL was incorporated in 1990 by Navin Raheja, who currently serves as chairman.
Currently, the company is under insolvency proceedings as the Principal Bench of the National Company Law Tribunal (NCLT) has stated the initiation of insolvency proceedings against the realty firm over default on non-delivery of its Gurugram-based Shilas project. This order came on 19 November 2024. NCLT had also appointed an Interim Resolution Professional (IRP), suspending the board of the realty firm and putting it under the protection of moratorium against lenders, as per the provisions of the Insolvency & Bankruptcy Code.
History
Raheja Developers Limited was incorporated by Navin Raheja in 1990. 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.
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This entry incorporates text from “Raheja Developers” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.