Raheja Builders

Raheja Builders is one of the real estate developers in India. Raheja Developers are well known for their best ever services in India.

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Raheja Developers’ Revanta awarded for its high-rise marvel

Raheja Developers’ state-of-the-art project Raheja Revanta has recently been awarded for its high-rise marvelous built. Brilliance and merit are always acknowledged and this is once again proved as Raheja Revanta receives this award. The project has received the award for being the best high-rise project during the 5th Annual Construction Week India.

Construction Week India Awards recognizes the best developments in the construction and infrastructure business of the country. It acknowledges latest developments made in projects, persons and companies in the sector. The Delhi based Raheja Developers has always been renowned for bringing innovation to its constructions. Raheja Revanta is one of the best examples which exemplify the group’s quality deliverance.

After receiving the award, Mr. Navin M. Raheja, chairman of Raheja Group said that he feels very proud to be receiving the awards for this year.  He was very thankful to the jury for the award and also to his team and customers as without their support, receiving this award would not have been possible. Awards like these boost the team’s confidence and give them encouragement to work better and try hard to make clients happy.

Raheja Revanta has three towers joined together. One of the towers would be more than 56 stories. There is a provision of helipad on the top of the building. The company is awaiting approvals. Revanta has a luxurious double height entrance lobby, high speed capsule lifts, with bourgeois architecture and a clean glass façade. Available in options of 2, 3, 4, 5 and 6 bedroom condominiums and luxurious penthouses, Revanta would change the skyline of Gurgaon.

Raheja Developers has many more projects in the pipeline which span across Delhi/NCR. The company has delivered over 60 million sq. ft. of executable and sanction projects in hand with projects spanning over 900 acres of land at various stages of deliberations. It has yet executed and delivered 29.5 million sq. ft. of mostly residential and commercial projects which include farmhouses, plotted development and hotel properties. The company currently has over 15.50 million under construction.

source:- http://www.realtybytes.co.in/2015/10/raheja-developers-revanta-awarded-for.html

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Raheja Developers with a gem in Dharuhera

Big builders are covering the areas faster than ever with their projects to cope with the demand which is increasing in market. That is the reason that builders are exploring new areas in their vicinity where they find even the slightest possibility of growth in future and they seize the opportunity. Dharuhera in Haryana is such destination which is attracting the home buyers and investors’ attention after numerous industrialists. It is supposed to be the next satellite city of National Capital Region and that is why the interested aspirants are proceeding in the direction of NH-8 on Rewari-Sohna-Palwal  Highway to meet their ends.

Dharuhera is the center of attraction for huge builders like Raheja Developers who recently launched their 40 storied residential project, Raheja OMA over there. It is spread in the area of more than 8.5 acres which is divided into two categories of high and low rise called Akasha Residences and Sansara Residences respectively. With luxurious amenities like huge swimming pool on 36th floor of the building and clubhouse which will be managed by a well reputed spa company, Raheja OMA is offering 1 to 4 BHK penthouses and condos.

Raheja Developers Limited is that ISO certified eminent builder of NCR that has won numerous awards for its remarkable contribution in real estate industry since its establishment 2 and a half decades ago. They thrive to provide the premium housing solutions to their client base with a conglomeration of international quality standards and luxurious lifestyle at reasonable price which a common man can also purchase.

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Navin Raheja hopeful about new TOD, will aid Housing for All

Navin Raheja, Chief Managing Director of Raheja Group and chairman of Naredco is really hopeful about the recently approved policy of Transit-oriented Development (TOD) which is expected to boost the construction of housing units in Delhi. TOD allows a mixed land use which will combine residential, commercial and institutional developments. These developments will happen in an influence zone of 500 meters on both sides of the metro corridor. Mr Raheja is really hopeful as he believes that this will help cities grow and promote vertical growth.

The policy of TOD will raise the Floor Area Ratio (FAR) to 400% from the current level of 250%. This will boost a better land utilization and building up of more housing units. According to the policy being implemented, a TOD zone would comprise nearly 20% of Delhi’s overall area. The developments that can be undertaken under this policy can be taken up in phases for a minimum plot size of 3,000 sq mt.

45% of the total 1 hectare which will be developed in TOD has to be dedicated to housing units for the poor and the middle classes. This has been incorporated keeping the mission of Housing for All in mind. In the same line, the size of EWS units under this policy has been decided at 32 to 40 square meters.

Mr Navin Raheja believes that TOD is going to be one of the significant initiatives in maximizing access to public transport. It will encourage transit ridership which in turn will help in reducing traffic and pollution problems. TOD will also help in curbing construction of illegal colonies and slums around metro lines. Being hopeful, he also believes that the effectiveness of this policy also heavily depends on speedy implementation of the provisions.

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Raheja Developers support the setting up of GAC

Navin Raheja, Founder, Raheja Developers has appreciated the creation of Gurgaon Arbitration Council(GAC). The council has been set up by T L Satyaprakash, Deputy Commissioner, Gurgaon. The idea behind setting up this council is to reduce the conflicts between the builders and consumers. So GAC has been constituted to act as an ombudsman to sort the conflicts. T L Satyaprakash announced the setting up of GAC at a round table conference hosted by Real Estate Development Council (REDCO), Haryana. The meeting was attended by various builders, administration officials and RWAs.

Satyaprakash appointed retired colonel Prithvi Nath as the chairman of GAC. Colonel Nath is also the Vice President and General Secretary of REDCO, Haryana. The conference saw participation by many developers. The list of those present includes representatives of DLF, Unitech, Supertech, Ashiana, Emaar MGF, Ambience and many more. Also present in the conference were Vikas Gupta, Commissioner, Municipal Corporation of Gurgaon, Nazneen Bhasin, Deputy Commissioner of Police, Gurgaon and Navin Raheja, Chairman, National Real Estate Development Council (NAREDCO).

Builders present in the meeting were of the opinion that most of the builders always practice fair means and never intend to trouble the consumers for any reason whatsoever. However, they did admit that a handful of developers were resorting to immoral practices and in turn were maligning the entire developers’ community. Navin Raheja, Managing Director, Raheja Developers has appreciated the commissioning of Gurgaon Arbitration Council and said that this would expedite the entire procedure of solving a conflict between developers and consumers.

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Raheja Developers starts delivery of over 1,000 apartments on Dwarka Expressway

Dwarka Expressway, also called Northern Peripheral Road is freshly out of troubles as the stay has been removed from the stretch of approx 2.5 kms that was under litigation. And this has ushered in a large number of people flocking the developers’ projects. Raheja Developers has become the first real estate group in this area to offer possession for its housing projects Vedaanta and Atharva. In totality, they have delivered over 1000 units here.

The clearance from the high court over the stretch has dissolved a major bone of contention between the customers who had developed reluctance towards investing in the projects around the Dwarka Expressway. The 18 km long 150 meter wide expressway that connects Gurgaon to Delhi has become a host to over 45000 residential and commercial units. With each developer trying to expedite the construction of their projects in order to tap upon the increasing interest people are showing towards the area, the land is selling like hot cakes.

Raheja Developers has not only kept the prices of its units low as compared to the market standards but also, the quality of construction is exemplary. They provide their customers with explicit luxury like swimming pool, gymnasiums, club houses and a lot more. Dwarka Expressway is the most sought after location in the entire Delhi-NCR. It provides an impeccable connectivity to the IGI airport and will act as the third route between Delhi and Gurgaon other than Mehrauli -Badarpur Road and Delhi Gurgaon expressway.

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Navin Raheja says dedicated agency needed to name the roads

President of National Real Estate Development Council (NAREDCO), Navin Raheja, feels that the government should devise a special agency, dedicated to name the roads and put up appropriate signage so as to facilitate the maneuvering by increasing the commuters’ awareness. This would help them in mapping out the proper way to reach their destination. This has been said with respect to a common problem that is faced by the commuters on a regular basis. The roads aren’t named officially and after a while adapt to the common name given to them by the locals based on some important landmark. This makes a road tougher to be traced by someone who isn’t familiar with the colloquial name for it and rather depends upon geographical information systems and maps.

Take a left from Sikanderpur Metro station and you might just be able to know what road you are on, but another left turn and you feel no better than a lost lamb. What road are you on now? Just pull over and ask someone for the name of the road and the answer is surely bound to hit you hard. The road doesn’t have any official name but is known by the name of a popular MNC. This translates into a chaotic situation when an emergency strikes and it becomes difficult for you to express your exact geographical location.

There is an ardent desire for a government agency that takes care of the situation and installs proper signage and names of the roads appropriately. Navin Raheja, who is also the Chairman and MD of the Raheja Developers, believes that such a step will greatly help people to reach their destination easily.

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Oma by Raheja: Exuberance that gleams

Nestled in the engravings of nature in a peaceful location, away from the commotion and hustle bustle of cities, lies a township so captivating that it will immediately strike you as your dream home; Oma,  This luxury offering by Raheja Developers is a symbol of ahead of time thinking. Located on the NH-8 in Dharuhera, Oma’s ambience reflects luxury and comfort. Sprawled across 8.5 acres, the project commands a grandeur that is supreme. The project offers you a choice of dwelling in their high rise tower –Akasha or the low rise- Sansaar Tower.

Oma’s USP is the wide range of amenities this project offers to you. What you get here is a plethora of luxurious facilities like Mini Theatre, a state of the art club house, gymnasium and what not. The project brings convenience to your door steps by providing an easy access to institutions like hospitals, schools, shopping complexes. The location of this project is strategically significant. The presence of a dedicated spa makes the experience of living here all the more rejuvenating. The project has an avant-garde infinity pool and skypad.

The NH-8 is a host to various MNCs and office complexes. This makes Raheja Developer’s Oma an ideal place for living. It offers a varied range of units, ranging from 1BHK to 4BHK, condominiums to penthouses. Oma has been designed by ‘Meinhardt’’, the name that has designed exemplary structures like Dubai Mall and Marina Bay Sail. The construction quality is top grade, just like all the projects of Navin Raheja led Raheja Group.  The properties have been priced competitively and reasonably. An investment in Oma will be highly rewarding.

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NRIs’ investment in Indian property on a hike, Raheja Developers hopeful

When local demand in the realty sector is undergoing a slump phase, there has risen a scope of resurrection in the industry. Non-resident Indians (NRIs) are showing a renewed interest in the country’s housing sector. The green is coming back into the country and big companies are trying hard to materialize this situation. They are running marketing campaigns and participating in property fairs are across the globe in countries with high NRI population such as UAE, UK and US. The stabilization of housing prices and favorable fluctuations in the value of rupee in international markets have rekindled NRIs’ interest in the Indian real estate.

Raheja Developers, among many other real estate giants, has been participating in international property exhibitions and is propelling NRIs to buy properties in India. Manoj Goyal, Director, Raheja Developer, said,” Finding all solutions under one umbrella and being able to mortgage immediately help take speedy decisions.” But he also believes that NRIs should thoroughly understand the government regulations before making any investment in the country.

Banks are also opening up to the option of mortgages for NRIs as banks are gaining market share in the direct housing finance segment owing to a number of factors such as tax rebates and professionalism from developers. Both state-run banks and private sector banks are offering discounts and other offers for NRIs as NRIs place a higher value on the property they own in India.  

Currently, the real estate industry has a myriad of options for the NRIs to choose from. The major developers have decided to move towards the peripheries instead of bustling metro cities and this has translated into lower property rates for the NRIs. As the local real estate demand was dormant, and builders are holding onto high levels of inventories, Raheja Developers has been furnishing to the needs of NRIs.

It has been anticipated that the investment by NRIs would increase to 13-15% of total housing sales volumes across India from current 8-10%. Taking this under consideration, Navin Raheja, CMD, Raheja Developers, is all set to take benefit of the situation.

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Navin Raheja supports P.M Modi’s ‘Housing for All’

Gurgaon has undergone a complete facelift in the last ten years. What used to be a land of rocky terrain and few villages has emerged to be one of the most development oriented cities in the countries. More than 70% of its development has taken place in the last decade. A city which was nothing more than a wasteland before 1979 now has the third highest per capita income, after Chandigarh and Mumbai. Gurgaon has been a city designed with a futuristic approach. This has been facilitated by the city getting flocked by MNCs and other major business giants. Much of this can be attributed to low land prices and creations of SEZs. Gurgaon has transformed into an IT hub with avant-garde nerve centers like Cyber City.

But the city has a lot more to offer than what it does as of now. The expediting urbanization has caused a paradigm shift. There has been a surge in the number of people migrating from rural dwellings to urban cities. As per statistics, about 1/3rd of Indian population will migrate to urban towns by 2020. Navin Raheja, President, National Real Estate Development Council (NAREDCO) believes that gurgaon being one of the most developed cities in Delhi NCR is bound to receive a huge influx of such migrations. And this would lead to an increase in demand for the affordable housings.

There has been a huge gap between the demand and supply for affordable housing projects. Navin Raheja, also the chairman of Raheja Developers, opines that this gap can be only bridged through Public Private Partnerships where the government devises a mechanism to cross subsidize the land and construction cost. He also suggests that retail loan interest rates be lowered for affordable housing projects along with construction funding at cheaper rates. Raheja Developers has already launched a few affordable housing projects in support of honorable P.M Modi’s campaign of ‘Housing for All’. A strong camaraderie between government, people and private players is needed to cater to this emerging need.  

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Dwarka Expressway- Offering luxury at affordable rates

Northern Periphery Road, called the Dwarka Expressway, has become the most distinguished stretch of land in Delhi-NCR. The 18 km long, 150 m wide 8 lane highway which will connect Dwarka to National Highway-8 at Kherki Dhaula has become the preferred location for the real estate developers with the land along and around the expressway selling like hotcakes. The route has been designed to act as a proxy for Delhi- Gurgaon expressway and Mehrauli- Badarpur Road, the existing routes linking Delhi to Gurgaon. The intersection of The Northern Periphery Road with the NH-8 will also facilitate maneuvering the traffic towards industrial towns like Manesar and Dharuhera.

Dwarka Expressway offers a multitude of benefits attached with it, strategic as well as commercial.  The route will relieve the other two routes of bottlenecks and gridlocks and expedite the crawling traffic. Also, proximity to the IGI airport elevates the strategic importance this route has as it will allow commuters from Jaipur to bypass Gurgaon expressway and head straight towards the airport and Dwarka. All these factors have contributed in slating this expressway as one of the best locations in Delhi-NCR and have compelled all the big guns of the realty world to shift their focus towards the Dwarka Expressway.

Navin Raheja, Founder, Raheja Developers Ltd. anticipates that the places around this expressway will experience a growth pattern similar to Gurgaon. Keeping this in mind, they have launched a few luxury projects in that area. With the sales in residential projects located in Gurgaon encountering impedances due to high prices, Dwarka Expressway is soon becoming customer’s choice for investment. Projects around the expressway are offering better luxury and amenities at a lower cost than in Gurgaon. This is making Dwarka Expressway a favorable location for the real estate sector.

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Raheja Developers – Providing convenience through technology

Internet has been the biggest liberator for most of us. With its multi varied and dispersive benefits, it has penetrated into almost every sphere of our lives. It has constricted our giant orb, Earth over a virtual belvedere. Advent of internet has made convenience an affordable luxury. We aim to automate everything so as to reduce manual labor and increase the throughput.

Internet has had a stellar impact on our business as well. It has transformed the conventional methods of trading and replaced them with methodologies that are convenient to the customers as well as traders. The business world has adapted itself to the changing trends. With the surge in e-commerce portals and their huge success, more and more business operations are being transformed to suit to such platforms.  This potential of internet and e-commerce has touched upon the realty sector as well with giants like Raheja Developers employing the services of a leading e-commerce portal to facilitate their business. Raheja Developers Ltd. had recently entered an advertising agreement with Snapdeal where the traffic is diverted from online shopping site to the real estate developer’s site.

This step had led to a significant surge in the traffic at the developer’s site, registering above 5,000 visits per day.  Our esteemed Chairman and Managing Director, Mr. Navin Raheja has always been emphasizing on the elevating the customer’s experience and keeping in line with this view, we are looking forward to provide the customers with a convenience of making online payments for their purchases with us. This would have a multitude of benefits including an increased convenience of paying through credit/debit card and net banking combined with a secure transfer through a trusted gateway. We will also allow the customers to make these online payments in installments. This would provide them with a further relief.

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Raheja Developers-Dream Home

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Talking Homes –A Gift By Raheja’s Developers

Can you imagine just talking to your house and getting things done through a few commands? One would even be able to switch on and off fans, lights, TV, music , air-conditioning and curtains enabling you to interact with your home. “It is a revolutionary concept, user friendly and can be updated from time to time as the voice recognition engines improve globally to understand different accents. We have tested the system and it works very well. One has to experience it to understand it better. In these smart apartments, you can even get all your queries answered. It picks information from the internet and gives you the answer,” says Nayan Raheja, executive director, Raheja Developers. The technology is robust and can be updated from time to time as the voice recognition engines improve globally to understand all the different accents. It also paves the way open for our smartphones to interact more closely with the built spaces around us. It will have first of its kind skybridge. “Many people have not woken up to the technology revolution so there are many who are not able to use smartphones , though they would like to have a smart home. Removing the layer of smartphone makes the system hassle-free for elderly people as well,” says Raheja. Incidentally Ayana will also be built by Arabtec, the largest construction company in the GCC by Market Cap, the same company that built the Burj Khalifa. Raheja have a happy customer base and have to their credit several international and national level awards like 'Best Developer Worldwide','Best Developer in India by Euromoney' and over 40 other awards recently. And  we found them to be reliable long term partner.

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Imminent Growth Prospects in Real Estate

Sudden deterioration of prices in the real estate sector recently has arisen numerous concerns with regard to its recovery. Since then, there has been a compelling urgency to take steps in facilitating comfort in the realty business. This in turn brings forth the question of adequate and quick growth in the sector.

However, you can’t always view a thing as black or white; there is always a grey area to it somewhere in the middle. Herein, we, at Raheja Developers, see a ray of hope in the fact that relatively lowered property rates would help our prestigious investors enhance their investment in the sector as well as the reduction in interest rates will benefit the end users. With the current amendments to the land acquisition bill, our Government has promoted investor sentiments, which is equally important to us.

Updated notification and relaxation in REITs (Real Estate Investment Trusts) would provide liquidity to developers, including us and is quite likely to raise the bar of competition across the globe. But the advantageous part would be for the investors, enabling a regular income for them through their investments. Winning back their positive sentiment and confidence is critical to us.

Foreign Direct Investment (FDI) is another driving force for the sector’s growth and it has been fortunately brought back after a lock-in period of 3 long years. Opening gates to FDI in our country is bound to work much in favor of both developers and investors. Also, encouraging the cost-effective, ‘Housing for all 2022’ is one major growth driver this year.

Favoring the ongoing scenario, our chairperson, Mr. Navin Raheja, has also rightfully said, “Many developers across the country have already planned REITs for their income generating assets. In fact, in last few months, lots of foreign investors have acquired leased assets in various parts of country, enabling them to go for listing of REITs. It’s a big boost for commercial/ retail real estate.”

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Delhi-NCR Market Face New Challenges

The flagging realty market received a major boost when the home minister extended a major concession to the real estate sector by lifting up the land acquisition bill. Due to this concession builders will be allowed the leverage of diverting funds to the tune of about half the amount that they have collected from each buyer for a particular residential project to other projects that they are simultaneously engaged in. Besides, the ministry has extended the purview of this proposal to cover commercial real estate as well. Prior to the revision, only residential real estate came under the purview of the Bill. Furthermore, the Bill proposed that developers who are developing a residential project where the land exceeds 1000 sq. m. and above are required to register the project with the regulatory authority before launching or advertising it. Now along with residential real estate, commercial real estate also comes under the purview of this bill.

In January 2014, the HC had restrained the state from issuing change of land use (CLU) licenses to any developer and also stopped land acquisition after hearing a petition alleging unregulated construction in NCR. Then the government argued that the state was not required to take approval of NCRPB because it had prepared a sub-regional plan for the NCR area, in conformity with the observations of the board. After hearing the arguments, the bench ordered that the ban on issuance of CLU licenses and on the acquisition of land for developing colonies in Gurgaon and adjoining areas of NCR be lifted. The real estate proprietor’s path to growth and development seems to be much enlightened due to lifting up of the land bill.

“It is a welcome step which will help unlock the valuable investment in the market. Government should do needful in advance so that things don’t get delayed,” said Navin Raheja, chairman and managing director, Raheja Developers.

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Assocham organized a conference on Policy Perspective and Capacity Building for Economically Sustainable City Development at Taj Mansingh, New Delhi. The conference was chaired by Mr. Navin M Raheja, Chairman, Real Estate Committee, Assocham and Raheja Developers. Shri Manish...

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Urbanization is an essential part of most nations’ – Navin Raheja

Assocham organized a conference on Policy Perspective and Capacity Building for Economically Sustainable City Development at Taj Mansingh, New Delhi. The conference was chaired by Mr. Navin M Raheja, Chairman, Real Estate Committee, Assocham and Raheja Developers. Shri Manish Sisodia, Deputy Chief Minister, Government of NCT of Delhi was the chief guest. The Key Issues that were discussed included Policy Framework for creating an economically sustainable urban model for Cities, Capacity building for urban officials, Planning for social development, Role of Real estate investment trusts and infrastructure investment trusts in financing of cities and Enabling efficient urban infrastructure.

Speaking at the occasion Mr. Raheja said that cities play an important role in economic development. Urbanization is an essential part of most nations’ development towards a stronger and more stable economy while economic growth and urbanization have often been found positively linked. Cities provide economies of scale, agglomeration, and localization; efficient infrastructure and services through density and concentration in transportation, communications, power, human interactions, water and sanitation services. As rapid urbanization puts pressure on infrastructure systems like water supply, transports etc., therefore to cope with the malaise of urbanization, the local government has to develop and strengthen urban infrastructure/service delivery mechanism besides improving governance of ULBs. Because of numerous problems afflicting the ULBs, the task of providing basic services to all citizens on a sustainable basis and resolving problems effectively as & when they arise and planning for future development remains a herculean task for them.

He also gave suggestions on how to make self sustained environment around you by doing small changes and compulsorily implementing them. He stressed upon the need to generate more solar energy through use of solar panels, how to increase tourism in Delhi, PPP model to be adopted for slum rehabilitation projects in the country in order to give systematic planned societies.

Mr. Sisodia welcomed all the suggestions and said that his Government would look into all these suggestions and would work out what’s best for the betterment of every single citizen of Delhi. He showed his enthusiasm in implementing what is best for the society.