NEW DELHI: The Enforcement Directorate carried out new searches on Saturday at the offices of Raheja Developers, as part of an investigation into money laundering connected to the alleged fraud involving home buyers, according to officials.
The agency is targeting around seven locations across Delhi-NCR during this enforcement action. This follows an earlier raid in June 2025 involving the company, its promoters, and others in a similar probe.
The most recent searches are focused on claims of fraud concerning home buyers and the failure to deliver apartments in the ‘Raheja Revanta’ project, as detailed by the officials.
In response, Raheja Developers has firmly denied any fraudulent actions related to this project, stating, “We have invested significantly more than the amounts collected from customers, supported by a RERA-supervised forensic audit, and no funds have been misappropriated.”
The company explained that delays in the project are largely attributed to the absence of critical government infrastructure, emphasizing that full payments for external development charges (EDC) and infrastructure development charges (IDC) have been made.
“The handover of the 61-storey building cannot be safely executed without essential services including water, electricity, sewage, and firefighting systems,” the statement from Raheja Developers added.
Raheja Developers has a history of developing various housing projects in the Delhi-NCR region, particularly in Gurugram, with some projects facing delays due to financial constraints.
