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'''Navin Maheshwarnath Raheja''' (born in 1956), the founder of ] <ref>{{cite web | url= http://panjabizz.com/navin-m-raheja/ | title= Navin M Raheja | publisher= Panjabizz.com}}</ref><ref>{{cite news |url=http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=42411522 |title=Company Overview of Raheja Developers Pvt Ltd. |publisher= Bloomberg Businessweek |deadurl=no |accessdate=June 10, 2014}}</ref> is a self made ] who started his career with less than $100 and today he is executing projects worth over $2 billion. He is the first developer to undertake slum rehabilitation of 2800 families(Kathputli Colony) <ref>{{cite web | url= http://archive.indianexpress.com/news/dda-s-slum-makeover-plan-takes-off-with-kathputli-colony/525878 | title= DDA’s slum makeover plan takes off with Kathputli Colony | publisher= Mandakini Gahlot indianexpress.com |accessdate=October 7, 2009}}</ref> in the heart of ] changing lives of almost twenty thousand poor people by giving them free houses, toilets and other modern day facilities. '''Navin Maheshwarnath Raheja''' (born in 1956), the founder of ] <ref>{{cite web | url= http://panjabizz.com/navin-m-raheja/ | title= Navin M Raheja | publisher= Panjabizz.com}}</ref><ref>{{cite news |url=http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=42411522 |title=Company Overview of Raheja Developers Pvt Ltd. |publisher= Bloomberg Businessweek |deadurl=no |accessdate=June 10, 2014}}</ref> is a self made ] who started his career with less than $100 and today he is executing projects worth over $2 billion. He is the first developer to undertake slum rehabilitation of 2800 families(Kathputli Colony) <ref>{{cite web | url= http://archive.indianexpress.com/news/dda-s-slum-makeover-plan-takes-off-with-kathputli-colony/525878 | title= DDA’s slum makeover plan takes off with Kathputli Colony | publisher= Mandakini Gahlot indianexpress.com |accessdate=October 7, 2009}}</ref> in the heart of ] but the project has been mired in controversies, including allegations of a Rs 1000 crore scam.<ref>{{cite web|title=Meenakshi Lekhi alleges scam at Delhi's Kathputli Colony|url=http://articles.economictimes.indiatimes.com/2014-03-29/news/48684334_1_meenakshi-lekhi-kathputli-colony-cbi-probe|website=Economic Times|accessdate=20 November 2014}}</ref><ref>{{cite web|title=AAP's Police complaint on Kathputli Colony scam|url=http://www.aamaadmiparty.org/aaps-police-complaint-on-kathputli-colony-scam|accessdate=20 November 2014}}</ref><ref>{{cite web|last1=ALI|first1=MOHAMMAD|title=‘DDA granted undue benefits to Kathputli Colony redeveloper’|url=http://www.thehindu.com/news/cities/Delhi/dda-granted-undue-benefits-to-kathputli-colony-redeveloper/article5836547.ece|accessdate=20 November 2014}}</ref> Due to the allegations of scam by DDA (Delhi Development Authority) & Raheja Developers, and also resistance to their eviction by slum dwellers, no work has yet started on the Kathputli Colony land. The slum dwellers who are under threat by the police & Raheja Developers have posted an online press release (in Hindi) <ref>{{cite web|last1=Bhat|first1=Dilip|title=Press Release by Kathputli Colony Residents|website=http://sanhati.com/wp-content/uploads/2014/10/press-release-hindi-31-oct-kpc.pdf|accessdate=20 November 2014}}</ref> which has been translated in English and posted on the website www.sanhati.com.<ref>{{cite web|title=Delhi: Kathputli Colony facing threats of evictions and police action|url=http://sanhati.com/articles/11665/|accessdate=20 November 2014}}</ref> This slum development project has proven to be a colossal mistake that puts to risk all the achievements so far of Raheja Developers.<ref>{{cite web|last1=Sharma|first1=Sanjay|title=How High Flying Builder Navin Raheja & Raheja Developers Hit Their Titanic Iceberg|url=https://docs.google.com/file/d/0B9o9qqdpV_5RWnE5ZmxJUjlKUkpxZWdETXcyalI5ZWRQMTZN/edit|accessdate=20 November 2014}}</ref> Many of the buyers in Raheja Developers projects have signed a petition to restrain the builder from undertaking the Kathputli Colony Slum Redevelopment project till their still-incomplete and long-delayed projects are completed first.<ref>{{cite web|title=To stop the relocation of residents of Kathputli Colony till Raheja Builders demonstrates ability to finish 2800+ flats in time of two years.|url=https://www.change.org/p/najeeb-jung-to-stop-the-relocation-of-residents-of-kathputli-colony-till-raheja-builders-demonstrates-ability-to-finish-2800-flats-in-time-of-two-years}}</ref>


Navin Raheja started his career in 1978 with a scooter agency and experimented with diverse businesses viz finance, electronics, computers, travel agency, import agencies before finally settling with real estate after about a decade. Today, Raheja Developers is one of the largest real estate companies in India. His company is almost debt free with highest customer satisfaction index. Having already delivered projects appx 29.5 million sq.ft. and 15.50 million sq.ft under advanced stages of construction, he is a man who believes in giving back to society. He is the first developer in the country to provide free education, nutrition, clothing and medical care to hundreds of underprivileged children of laborers in an endeavor to make them better citizens. His company’s CSR spent is over 4% of its net profits. Navin Raheja started his career in 1978 with a scooter agency and experimented with diverse businesses viz finance, electronics, computers, travel agency, import agencies before finally settling with real estate after about a decade. Raheja Developers has its major presence in Gurgaon(Haryana). Indian Real Estate is passing through a difficult phase, and many builders have been unable to complete their projects in the promised time frame of 30 to 36 months. In some of Raheja Developer projects which are still incomplete after 7 years of launching, over 44 buyers have sued the builder in National Consumer Disputes & Redressal Commission.<ref>{{cite web|title=Raheja Atharva & Raheja Navodaya Buyers Sue Navin Raheja & Raheja Developers In National Consumer Court|url=https://www.change.org/p/najeeb-jung-to-stop-the-relocation-of-residents-of-kathputli-colony-till-raheja-builders-demonstrates-ability-to-finish-2800-flats-in-time-of-two-years/u/8574404}}</ref>


Mr Navin Raheja is a man who believes in giving back to society. He is the first developer in the country to provide free education, nutrition, clothing and medical care to hundreds of underprivileged children of laborers in an endeavor to make them better citizens. His company’s CSR spent is over 4% of its net profits.
Navin Raheja is currently Chairman of National Real Estate Development Council (Naredco).<ref>{{cite web | url= http://smehorizon.sulekha.com/naredco-elects-navin-m-raheja-as-president_construction-viewsitem_5086 | title= NAREDCO elects Navin M Raheja as President | publisher= The SME Horizon Sulekha.com}}</ref><ref>{{cite web | url= http://indianexpress.com/article/news-archive/web/navin-m-raheja-elected-as-naredco-president | title= Navin M Raheja elected as NAREDCO president | publisher= The Indian Express | date= September 26, 2011 }}</ref> As president of Naredco, he has played a pivital role in bringing up real estate regulatory act, affordable housing policy of Government <ref>{{cite web | url= http://www.hindustantimes.com/India-news/Gurgaon/Affordable-housing-scheme-gets-maximum-response-from-Gurgaon/Article1-1110615.aspx | title= Affordable housing scheme gets maximum response from Gurgaon | publisher= HT Correspondent, Hindustan Times | date= August 21, 2013 }}</ref> of India and guidelines to states for real estate clearance procedures that would go a long way to provide cheaper and organized housing to every Indian.<ref>{{cite web | url= http://timesofindia.indiatimes.com/city/gurgaon/Now-1-BHK-for-just-Rs-20-lakh/articleshow/21927986.cms | title= Now, 1 BHK for just Rs 20 lakh | publisher= TNN | date= August 20, 2013 }}</ref> Mr. Raheja is a passionate wildlifer and had been a member of the Steering Committee of Project Tiger, under the Ministry of Environment and Forests, Government of India.<ref>{{cite news |url=http://www.thehindu.com/todays-paper/tp-national/tp-newdelhi/the-tiger-calling/article3701367.ece |title=Wildlife enthusiast |publisher= The Hindu |deadurl=no |accessdate=2012-07-30}}</ref> His wildlife films are weekly telecast on Indian national channel Doordarshan continuously for past two years.


Navin Raheja is currently Chairman of National Real Estate Development Council (Naredco).<ref>{{cite web | url= http://smehorizon.sulekha.com/naredco-elects-navin-m-raheja-as-president_construction-viewsitem_5086 | title= NAREDCO elects Navin M Raheja as President | publisher= The SME Horizon Sulekha.com}}</ref><ref>{{cite web | url= http://indianexpress.com/article/news-archive/web/navin-m-raheja-elected-as-naredco-president | title= Navin M Raheja elected as NAREDCO president | publisher= The Indian Express | date= September 26, 2011 }}</ref> As president of Naredco, he has played a pivital role in bringing up real estate regulatory act, affordable housing policy of Government <ref>{{cite web | url= http://www.hindustantimes.com/India-news/Gurgaon/Affordable-housing-scheme-gets-maximum-response-from-Gurgaon/Article1-1110615.aspx | title= Affordable housing scheme gets maximum response from Gurgaon | publisher= HT Correspondent, Hindustan Times | date= August 21, 2013 }}</ref> of India and guidelines to states for real estate clearance procedures that would go a long way to provide cheaper and organized housing to every Indian.<ref>{{cite web | url= http://timesofindia.indiatimes.com/city/gurgaon/Now-1-BHK-for-just-Rs-20-lakh/articleshow/21927986.cms | title= Now, 1 BHK for just Rs 20 lakh | publisher= TNN | date= August 20, 2013 }}</ref> Navin Raheja is currently Chairman of National Real Estate Development Council (Naredco).<ref>{{cite web | url= http://smehorizon.sulekha.com/naredco-elects-navin-m-raheja-as-president_construction-viewsitem_5086 | title= NAREDCO elects Navin M Raheja as President | publisher= The SME Horizon Sulekha.com}}</ref><ref>{{cite web | url= http://indianexpress.com/article/news-archive/web/navin-m-raheja-elected-as-naredco-president | title= Navin M Raheja elected as NAREDCO president | publisher= The Indian Express | date= September 26, 2011 }}</ref> As president of Naredco, he has played a pivital role in bringing up real estate regulatory act, affordable housing policy of Government <ref>{{cite web | url= http://www.hindustantimes.com/India-news/Gurgaon/Affordable-housing-scheme-gets-maximum-response-from-Gurgaon/Article1-1110615.aspx | title= Affordable housing scheme gets maximum response from Gurgaon | publisher= HT Correspondent, Hindustan Times | date= August 21, 2013 }}</ref> of India and guidelines to states for real estate clearance procedures that would go a long way to provide cheaper and organized housing to every Indian.<ref>{{cite web | url= http://timesofindia.indiatimes.com/city/gurgaon/Now-1-BHK-for-just-Rs-20-lakh/articleshow/21927986.cms | title= Now, 1 BHK for just Rs 20 lakh | publisher= TNN | date= August 20, 2013 }}</ref> His tenure in NAREDCO has attracted some controversy <ref>{{cite web|last1=Sharma|first1=Sanjay|title=Open Letter to Housing Minister On NAREDCO Chairman Navin Raheja|url=http://www.qubrex.com/open-letter-to-housing-minister-about-naredco-chairman-navin-raheja|accessdate=20 November 2014}}</ref> due to the opaque and unregulated environment of the Indian Real Estate Sector.


Mr. Raheja is a passionate wildlifer and had been a member of the Steering Committee of Project Tiger, under the Ministry of Environment and Forests, Government of India.<ref>{{cite news |url=http://www.thehindu.com/todays-paper/tp-national/tp-newdelhi/the-tiger-calling/article3701367.ece |title=Wildlife enthusiast |publisher= The Hindu |deadurl=no |accessdate=2012-07-30}}</ref> His wildlife films are weekly telecast on Indian national channel Doordarshan continuously for past two years. Mr. Raheja is a passionate wildlifer and had been a member of the Steering Committee of Project Tiger, under the Ministry of Environment and Forests, Government of India.<ref>{{cite news |url=http://www.thehindu.com/todays-paper/tp-national/tp-newdelhi/the-tiger-calling/article3701367.ece |title=Wildlife enthusiast |publisher= The Hindu |deadurl=no |accessdate=2012-07-30}}</ref> His wildlife films are weekly telecast on Indian national channel Doordarshan continuously for past two years.

Revision as of 11:57, 24 November 2014

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Navin Raheja
Navin Raheja, Chairman of Raheja Developers Limited
NationalityIndian
OccupationIndustrialist
Websitewww.navinraheja.com

Navin Maheshwarnath Raheja (born in 1956), the founder of Raheja Developers Limited is a self made entrepreneur who started his career with less than $100 and today he is executing projects worth over $2 billion. He is the first developer to undertake slum rehabilitation of 2800 families(Kathputli Colony) in the heart of New Delhi but the project has been mired in controversies, including allegations of a Rs 1000 crore scam. Due to the allegations of scam by DDA (Delhi Development Authority) & Raheja Developers, and also resistance to their eviction by slum dwellers, no work has yet started on the Kathputli Colony land. The slum dwellers who are under threat by the police & Raheja Developers have posted an online press release (in Hindi) which has been translated in English and posted on the website www.sanhati.com. This slum development project has proven to be a colossal mistake that puts to risk all the achievements so far of Raheja Developers. Many of the buyers in Raheja Developers projects have signed a petition to restrain the builder from undertaking the Kathputli Colony Slum Redevelopment project till their still-incomplete and long-delayed projects are completed first.

Navin Raheja started his career in 1978 with a scooter agency and experimented with diverse businesses viz finance, electronics, computers, travel agency, import agencies before finally settling with real estate after about a decade. Raheja Developers has its major presence in Gurgaon(Haryana). Indian Real Estate is passing through a difficult phase, and many builders have been unable to complete their projects in the promised time frame of 30 to 36 months. In some of Raheja Developer projects which are still incomplete after 7 years of launching, over 44 buyers have sued the builder in National Consumer Disputes & Redressal Commission.

Mr Navin Raheja is a man who believes in giving back to society. He is the first developer in the country to provide free education, nutrition, clothing and medical care to hundreds of underprivileged children of laborers in an endeavor to make them better citizens. His company’s CSR spent is over 4% of its net profits.

Navin Raheja is currently Chairman of National Real Estate Development Council (Naredco). As president of Naredco, he has played a pivital role in bringing up real estate regulatory act, affordable housing policy of Government of India and guidelines to states for real estate clearance procedures that would go a long way to provide cheaper and organized housing to every Indian. His tenure in NAREDCO has attracted some controversy due to the opaque and unregulated environment of the Indian Real Estate Sector.

Mr. Raheja is a passionate wildlifer and had been a member of the Steering Committee of Project Tiger, under the Ministry of Environment and Forests, Government of India. His wildlife films are weekly telecast on Indian national channel Doordarshan continuously for past two years.

Early life and Education

Navin Raheja, was born in 1956 to Maheshwarnath and Krishna Raheja both from a small town in Pakistan called Kamalia. His father moved to Delhi after partition and got a job with the government. Mr. Raheja completed his bachelor's degree and then master's degree in Business Economics. He capped this with a postgraduate degree in journalism. His first investment was earned through his school and college savings, part time businesses and house tuitions.

Achievements

Achievements of Navin Raheja are as follows

  • Brands Academy Real Estate Awards in association with NDTV PROFIT, awards Mr. Navin Raheja with "Lifetime Achievement Award".
  • Responsible Business Summit & Awards confers Mr. Navin M. Raheja with the Life Time Achievement Award 2013.
  • Mr. Navin M Raheja conferred with "Lifetime Achievers' Award for Outstanding Contribution to Real Estate Sector" by Realty Plus at Realty Plus Excellence Awards 2012.
  • Mr. Raheja awarded Asia Pacific Excellence Award by Citizens Integration Peace society.
  • Mr. Raheja was awarded "Glory of India Award" and certificate of excellence for its contribution to Real Estate by India International Friendship society.
  • Mr. Raheja Awarded CIDC Vishwakarma Award for Industry doyen for the consecutive 2nd year by CIDC
  • Mr. Raheja was awarded "Global India Achievers Award" at a seminar held on 16 February 2011 on "Economic development" at Hotel Taj President Mumbai. The seminar was organized by Institute of Economic Studies.
  • Mr. Raheja conferred with Lifetime Achievement Awards by BIB (Builders Information Bureau).
  • Mr. Raheja awarded Udyog Rattan Award by IES (Institute of Economic Studies).
  • Mr. Raheja conferred with "Life Time Achievement Award" by Institute of Economic studies.
  • Mr. Raheja awarded the Achievement Award for Industry Doyen by CIDC.

References

  1. "Navin M Raheja". Panjabizz.com.
  2. "Company Overview of Raheja Developers Pvt Ltd". Bloomberg Businessweek. Retrieved June 10, 2014. {{cite news}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  3. "DDA's slum makeover plan takes off with Kathputli Colony". Mandakini Gahlot indianexpress.com. Retrieved October 7, 2009.
  4. "Meenakshi Lekhi alleges scam at Delhi's Kathputli Colony". Economic Times. Retrieved 20 November 2014.
  5. "AAP's Police complaint on Kathputli Colony scam". Retrieved 20 November 2014.
  6. ALI, MOHAMMAD. "'DDA granted undue benefits to Kathputli Colony redeveloper'". Retrieved 20 November 2014.
  7. Bhat, Dilip. "Press Release by Kathputli Colony Residents". http://sanhati.com/wp-content/uploads/2014/10/press-release-hindi-31-oct-kpc.pdf. {{cite web}}: |access-date= requires |url= (help); External link in |website= (help); Missing or empty |url= (help)
  8. "Delhi: Kathputli Colony facing threats of evictions and police action". Retrieved 20 November 2014.
  9. Sharma, Sanjay. "How High Flying Builder Navin Raheja & Raheja Developers Hit Their Titanic Iceberg". Retrieved 20 November 2014.
  10. "To stop the relocation of residents of Kathputli Colony till Raheja Builders demonstrates ability to finish 2800+ flats in time of two years".
  11. "Raheja Atharva & Raheja Navodaya Buyers Sue Navin Raheja & Raheja Developers In National Consumer Court".
  12. "NAREDCO elects Navin M Raheja as President". The SME Horizon Sulekha.com.
  13. "Navin M Raheja elected as NAREDCO president". The Indian Express. September 26, 2011.
  14. "Affordable housing scheme gets maximum response from Gurgaon". HT Correspondent, Hindustan Times. August 21, 2013.
  15. "Now, 1 BHK for just Rs 20 lakh". TNN. August 20, 2013.
  16. Sharma, Sanjay. "Open Letter to Housing Minister On NAREDCO Chairman Navin Raheja". Retrieved 20 November 2014.
  17. "Wildlife enthusiast". The Hindu. Retrieved 2012-07-30. {{cite news}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  18. "'Navin Raheja Achievements".
  19. "CMO Asia Awards".
  20. "Press Release".

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