Whalesbook
ED Ka Full Action Mode!
Arre haan, toh 25 April 2026 ko ED ne Raheja Developers ke Delhi-NCR region mein lagbhag 7 jagahon par searches ki. Yeh sab money laundering ki investigation chalu hai, jisme company par homebuyer se dhokhadhadi aur flats deliver na karne ke serious aarop hain, khas kar 'Raheja Revanta' project mein. FYI, ED ne June 2025 mein bhi aise hi raids kiye the.
Aage Kya Hua? Regulatory Action Bhi Chaloo Hai!
Is move se pata chalta hai ki Raheja Developers ko kaafi regulatory challenges face karne pad rahe hain. Yaad hai, April 2023 mein Haryana Real Estate Regulatory Authority (HRERA) ne 'Raheja Revanta' mein sales aur purchases ko band kar diya tha, unsold inventory ko freeze kar diya tha, aur forensic audit ka order diya tha. Upar se, National Company Law Appellate Tribunal (NCLAT) ne bhi 'Shilas' project ke insolvency proceedings ke beech Raheja Developers ko assets transfer karne se rok diya hai. Iske alawa, Haryana HRERA ne directors ko bhi bulaya hai resident grievances ke mamle mein.
Raheja Developers Ka Kya Kehna Hai?
Company consistently mana kar rahi hai ki unhone koi wrong doing nahi ki hai. Woh bol rahe hain ki unhone projects mein customers se collect kiye gaye paise se zyada invest kiya hai, aur iska proof RERA-supervised audit mein hai, koi fund diversion nahi hua. Raheja Developers delays ka blame government infra par daal raha hai, jaise paani, electricity, aur sewerage ki kami. Unka kehna hai ki jab tak yeh facilities nahi milti, woh possession safely hand over nahi kar sakte. Lekin buyers ka experience alag hai, jahan delays lagbhag ek dashak (decade) se chal rahe hain aur kuch projects financial issues mein bhi phanse hain.
Company Ki Financials Ka Scene
Raheja Developers Limited, jo 1990 mein bani thi, ek public unlisted company hai. March 31, 2023 ko khatam hue fiscal year ke liye, company ne ₹156 crore ka revenue report kiya, jo pichhle saal ke muqable -11% compounded annual growth rate dikhata hai. Iska paid-up capital ₹46.08 crore hai. CARE Ratings ne pehle bhi RDL ko 'issuer non-cooperating' category mein rakha tha kyuki company ne information provide nahi ki thi. Pehle bhi tax evasion aur PMO probe jaise controversies mein naam aa chuka hai.
Baaki Developers Ka Kya Haal Hai?
Jabki Raheja struggles kar raha hai, competitors jaise DLF aur Lodha Developers zabardast performance dikha rahe hain. April 2026 tak DLF ka P/E ratio 30.5-52.82x tha, jise kuch analysts undervalued maan rahe hain. Market leader Lodha Developers ne Q4 FY26 mein ₹1,007.90 crore ka net profit report kiya. Godrej Properties bhi revenue aur profit mein strong growth dikha rahi hai.
Delhi-NCR Real Estate Market Ka Latest Update
Delhi-NCR ka real estate market pichhle paanch saal mein kaafi badha hai. Early 2026 tak market mein stability dikh rahi thi, jahan income growth property price increase ke saath align ho rahi thi aur focus end-user demand par tha. Par abhi bhi challenges hain, jaise rising prices aur declining sales ke beech ka gap. Developers par bhi pressure hai construction costs aur caution ki wajah se. RERA reforms buyer protection ke liye hain, lekin project delays aur fund diversion ke aarop abhi bhi developer credibility ko affect karte hain. Gurugram mein PAN disclosures ko lekar scrutiny, sector mein financial compliance par regulator ka focus badha rahi hai.