ED Attaches Rs 782.36 Crore Assets of Raheja Developers in Homebuyer Fraud Probe
The Enforcement Directorate has provisionally attached assets worth Rs 782.36 crore in its money laundering investigation into Raheja Developers over alleged homebuyer fraud involving multiple real estate projects.
- ED attaches assets worth Rs 782.36 crore under the PMLA.
- Probe relates to alleged collection of Rs 2,425.99 crore from around 4,600 homebuyers.
- Total value of attached properties in the case reaches nearly Rs 2,399.65 crore.
New Delhi: The Enforcement Directorate (ED) has provisionally attached assets worth Rs 782.36 crore belonging to Raheja Developers Ltd as part of its ongoing money laundering investigation. The action, announced on Friday, is linked to allegations that the real estate company collected around Rs 2,425.99 crore from nearly 4,600 homebuyers across multiple housing projects without delivering the promised residential units.
The attachment has been carried out under the provisions of the Prevention of Money Laundering Act (PMLA), 2002.
According to the ED, the investigation is being conducted against Raheja Developers Ltd, its Director Navin M. Raheja, and other associated individuals. The case stems from several FIRs registered by the Economic Offences Wing (EOW) after numerous homebuyers filed complaints alleging financial fraud and delays in receiving their homes. The latest attachment significantly expands the agency’s action in the case and reflects the seriousness of the ongoing investigation.
In an official statement, the ED said its investigation found that Raheja Developers allegedly collected approximately Rs 2,425.99 crore from around 4,600 homebuyers through various real estate projects launched with the promise of providing residential units. The agency stated that the assets have been provisionally attached under the PMLA while the investigation continues.
The latest attachment adds to the ED’s previous actions in the same case. Earlier, the agency had attached properties with an estimated market value of Rs 1,113.81 crore through a Provisional Attachment Order (PAO) dated April 28, followed by another attachment worth Rs 503.48 crore through a PAO issued on June 15, 2026. With the addition of the newly attached assets, the total estimated value of properties attached in the case has reached approximately Rs 2,399.65 crore.
The ED’s investigation is still underway, and further action will depend on the findings of the ongoing probe and subsequent legal proceedings under the PMLA. Authorities have not yet announced a timeline for the completion of the investigation or any additional enforcement measures.
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