The Enforcement Directorate has provisionally attached a property worth ₹54.71 crore in Delhi’s Maharani Bagh after tracing it to funds allegedly diverted from Amrapali homebuyers.
The property, located at A-3 (New), Maharani Bagh, stands in the name of Surbhaee Advertising Pvt Ltd.
ED’s Lucknow Zonal Office attached the asset under the Prevention of Money Laundering Act as part of its continuing investigation into the Amrapali Group and its promoters.
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Probe Began From 18 FIRs
The money-laundering investigation is based on 18 FIRs registered by Uttar Pradesh Police and the Economic Offences Wing of Delhi Police.
Those cases accused Amrapali Group companies, directors and promoters of cheating, criminal breach of trust, forgery and conspiracy.
The group had launched multiple housing projects in Noida and Greater Noida and collected large amounts from buyers after promising possession within 36 months and, in some cases, assured returns.
Several projects remained incomplete, while buyers allegedly neither received possession nor refunds.
Forensic Audit Found Over ₹5,000 Crore Diversion
A forensic audit later found that more than ₹5,000 crore collected from homebuyers had allegedly been diverted.
ED says the money was moved through shell companies and other group entities instead of being used for the housing projects for which it had been collected.
Investigators also allege that funds were siphoned off by directors under the guise of professional fees.
This alleged diversion is at the centre of one of India’s most closely watched homebuyer fraud cases.
Money Allegedly Reached Surbhaee Advertising
According to ED, part of the diverted funds was transferred to Surbhaee Advertising Pvt Ltd.
The transfers allegedly took place both directly and through family members of Anil Kumar Sharma, managing director of the Amrapali Group.
The money was shown as loans to the company.
ED says those funds were then used in connection with the Maharani Bagh property now attached.
The agency has therefore classified the property as alleged proceeds of crime generated through the laundering of homebuyers’ money.
Attachment Is Part of a Wider Recovery Effort
The latest order does not mean the property has been finally confiscated.
A provisional attachment under the PMLA allows ED to secure an asset while the money-laundering case continues.
The attachment must go through the statutory process before final confiscation can occur.
The new action comes as authorities continue tracing assets allegedly acquired from Amrapali funds and examining whether they can ultimately be used to recover money for affected homebuyers.
Earlier this year, ED said total attachments in the Amrapali case had already crossed ₹300 crore after another ₹99.26 crore attachment involving assets linked to the Sureka Group.
Supreme Court Has Also Pushed for Faster Asset Tracing
The wider Amrapali matter remains under Supreme Court supervision.
In September, the court directed ED to intensify efforts to identify and attach assets linked to former directors and promoters so that recoveries for homebuyers could move faster.
The420.in had previously reported that direction.
The latest Delhi property attachment fits directly into that broader recovery process.
It shows how investigators are moving beyond the original housing projects and following the alleged money trail into other companies, family-linked transactions and high-value real estate.
Why the Maharani Bagh Property Matters
The significance of the attachment is not just its ₹54.71 crore value.
It provides a specific example of how ED says homebuyers’ money was allegedly layered through different entities before being converted into another asset.
That is important in money-laundering investigations because the original fraud proceeds may no longer remain in the same bank account or company where they were first received.
Investigators therefore try to trace the value into properties, companies or other assets that may have been acquired using the diverted funds.
Further investigation in the Amrapali case is continuing.
What this means for you
For Amrapali homebuyers, the latest attachment is significant because authorities are still tracing assets years after the original projects stalled. But provisional attachment does not automatically mean the ₹54.71 crore property will immediately be sold or distributed to buyers; that depends on the PMLA process and court-supervised recovery mechanism.
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