ED raids against Raheja Developers
The Enforcement Directorate on Saturday conducted fresh searches against real estate company Raheja Developers as part of a money laundering investigation linked to alleged fraud with home buyers, officials said.
They said about seven premises in Delhi-NCR are being covered as part of the action.
The agency had raided the company, its promoters and some others in June 2025 too as part of a similar investigation.
The latest searches are being conducted in the matter of alleged fraud with the home buyers and non-delivery of flats in its project ‘Raheja Revanta’, according to the officials.
The company, however, denied any wrongdoing or fraud committed by it in this project.
The company has invested significantly more than customer collections, as confirmed by a RERA-supervised forensic audit, and no funds have been diverted.
“The project delay is primarily due to the lack of essential government infrastructure, despite full payment of EDC/IDC,” Raheja Developers said in a statement.
It added that the possession for 61-storey structure cannot be safely delivered without critical services like water, electricity, sewerage, and firefighting systems.
Raheja Developers has developed many housing projects in Delhi-NCR. Some of its projects are delayed due to financial crunch.
