The Enforcement Directorate (ED) has provisionally attached immovable properties worth Rs 782.36 crore belonging to Raheja Developers Ltd in connection with an alleged homebuyer fraud case under the Prevention of Money Laundering Act (PMLA), 2002. The agency said the company allegedly collected around Rs 2,425.99 crore from nearly 4,600 homebuyers on the pretext of providing residential units. With the latest attachment, the total value of assets attached in the case has reached approximately Rs 2,399.65 crore.
Investigation Based on Multiple FIRs
According to the ED, its Delhi Zonal Office is investigating Raheja Developers Ltd, its Director Navin M. Raheja, and other associated persons. The case is linked to multiple FIRs registered by the Economic Offences Wing (EOW) following complaints from numerous homebuyers who were allegedly defrauded.
The agency said the provisional attachment has been made under the provisions of the Prevention of Money Laundering Act, 2002, as part of its ongoing investigation into the alleged financial irregularities.
Allegations of Funds Collected From Homebuyers
During the investigation, the ED said it found that Raheja Developers Ltd collected approximately Rs 2,425.99 crore from around 4,600 homebuyers in connection with various real estate projects. The agency alleged that the money was collected on the pretext of providing residential units.
The investigation into the company, its director, and other associated persons is continuing.
Earlier Attachments Push Total Assets to Rs 2,399.65 Crore
The ED said properties with an estimated market value of Rs 1,113.81 crore had earlier been attached through a Provisional Attachment Order dated April 28 this year. This was followed by another attachment of properties worth Rs 503.48 crore through a Provisional Attachment Order dated June 15, 2026.
With the latest provisional attachment of Rs 782.36 crore, the cumulative estimated market value of the properties attached in the case now stands at approximately Rs 2,399.65 crore, the agency said.
