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  • 28-July-2015 (The Mint): Say no to possession if house is incomplete: Ask developer to complete the house, or compensate for deficient service. Legal route is also available. Alok Verma, a retired air force officer, booked an apartment in December 2007 in Raheja Atharwa, sector 109, Gurgaon. According to the builder-buyer agreement, which was signed a year later, the project was supposed to be completed within three years from the date of agreement, which was in December 2011. Within the same year, Verma had paid almost 95% of the full cost. But he and other buyers claim that they were informed by the developer that necessary infrastructure in the locality was not in place yet and so the scheduled possession date was being deferred. Read More ->
  • 12-May-2015 (Hindustan Times) Developers flaunting names of foreign architects to sell housing projects could be violating legal norms: The love of Indians for all things foreign is well known – and most real estate developers know it and take advantage of this fact. That is why many of them have been advertising their residential projects as being designed by architects of international repute, giving buyers the impression, thereby, that foreign collaborations mean apartments of international standards and better value.
    However, by doing so, real estate developers could be violating a legal provision, ie, Section 37 of The Architects Act, 1972, which prohibits a foreign architect from working in India without the permission of the Central government.
    When asked about their association with Dubai-based firm Arabtec, a spokesperson for Delhi-based Raheja Developers clarified that Arabtec was only handling Raheja’s residential project Revanta’s construction work and that the architectural design had been done by in-house Indian architects. Read More ->
  • 19-Dec-2014 (Firstpost): PM’s office asks Haryana to look into complaints against Raheja Developers: The Prime Minister’s Office (PMO) has issued a letter to the Haryana chief secretary to look into complaints against a Raheja Developer’s …Read More ->
  • MUST READ & SEE!26-Nov-2014 (Cobra Post): Operation Black Ninja: Sell Me Houses to Launder My Ill-Gotten Millions. Raheja Caught in a sting operations by Cobra post: Synonymous with real estate in the country, Raheja Developers need no introduction. When the Cobrapost correspondent proposes to buy 60 units of residential property for a big politician from south India, director-cum-CEO Karthik Ramachandran would not talk business until he meets the client. In such big deals, he tells the correspondent, “It is very necessary that we understand who the customer is.” How big a black component can he adjust in the deal? Ramachandran replies in this typical way to a straight question: “Aap bolo (You tell me) … you give me an offer .. you give me an offer that is there … unka kya hai? (what does he want?) … what is in his mind?” Read More->

 

  • 27-March-2014(The Hindu): DDA granted undue benefits to Kathputli Colony redeveloper (Raheja Developers) : The Aam Aadmi Party on Wednesday charged the Delhi Development Authority with giving “undue benefits” to the Raheja Developers while granting it a contract in 2011 to redevelop the Kathputli Colony near Shadipur bus depot on public-private partnership basis. Read more ->
  • MUST SEE ! 18-March-2013 (CNBC AWAAZ): Raheja Developers vs Raheja Atlantis Owners debate on TV:  “Pehredar” is the award winning consumer grievances redressal show on CNBC Awaaz – India’s number one business channel. Pehredar aims to. Raise and address problems faced by the customers of products and services. We raise the issues with the companies and create a bridge between the consumer and the companies and help in making “Consumer The King”. This episode clearly talks about the business practices that Raheja follows and their engagement model with the owners

 

  • 21-April-2012: Protests by residents of Raheja Atlantis: On Sunday, 21st Apr 2012, children and residents of Raheja Atlantis got together to appeal to Raheja Developers Ltd (RDL) to please start the pool. They have been asked by RDL to pay a hefty membership fee of Rs 50K and usage charges at 5 star rates over and above this to use a pool for which owners are already paying maintenance fees.
  • 05-May-2012(Times of India):  Raheja Atlantis residents up in arms:  Residents and owners of Raheja Developer’s flagship project – the Raheja Atlantis – have come together to add voice to a growing chorus against malpractices by developers in the city.Owners highlighted a list of failed promises – a non-functional swimming pool, lapse in security facilities, exorbitant maintenance charges on common areas and also construction and operation of commercial activities by the developer without the consent of the residents. Read More->
  • 07-April-2009 (Live Mint): Irate customers start filing cases against real estate developers: The 62-year-old former bank manager booked the apartment in a Raheja Developers Pvt. Ltd project in December 2007, the month that he retired, in his and his son’s name. His son wanted to borrow a home loan to finance part of the cost.
    “They did not give (me) a buyer’s agreement and an approved sanctioned plan of the project, without which no bank gives a loan,” says Bangia, who sent a legal notice to the company in November, demanding the sanctioned plan and buyer’s agreement. A sanctioned plan is a project layout approved by the local urban development authority. Read More->