The Enforcement Directorate has provisionally attached assets worth ₹136.42 crore belonging to Gurugram-based Ocean Seven Buildtech Private Limited, its promoter Swaraj Singh Yadav and his wife, Sunita Swaraj, in an alleged homebuyer fraud and money laundering case.
The latest action covers land in Rajasthan, a residential plot in Gurugram and balances held in five bank accounts. With this attachment, the total value of assets attached in the case has risen to about ₹188 crore.
The ED alleges that Ocean Seven Buildtech collected more than ₹118 crore from buyers for four Rajasthan projects but failed to develop large parts of the properties or hand over possession as promised.
The allegations remain subject to investigation and court proceedings.
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ED Examines Four Rajasthan Projects
The investigation centres on Amber Garden in Bilonchi village near Jaipur and three projects in the Kotputli-Behror area — Kot Residency, Kot Farms and Kot Industrial Estate.
According to the ED, the company collected money from plot buyers between December 2006 and March 2015.
Customers were allegedly told that the projects would be developed and possession would be handed over within three to four years.
The agency claims that this largely did not happen.
In some cases, buyers had paid the full price and even received registered conveyance deeds and possession letters. Despite that, the ED alleges they were not given physical possession of their plots.
Investigators also found that several plots had not been properly demarcated.
That would make it difficult for buyers to identify the exact land supposedly allotted to them, even after completing payments.
Amber Garden has drawn particular attention because the ED alleges that money was collected from buyers from December 2006, years before the company applied to the Jaipur Development Authority for approval of the project map.
That gap is now part of the agency’s examination of how the projects were marketed and how buyer funds were collected.
Buyer Funds Allegedly Diverted From Projects
The money laundering investigation is also examining how the money collected from customers was used.
The ED alleges that part of the funds meant for development of the Rajasthan projects was diverted elsewhere.
A portion was allegedly used to buy office premises for Ocean Seven Buildtech in Gurugram, while other funds were advanced towards different projects.
This matters because money collected for a housing or plotted development project is generally expected to be used towards the promised project and related obligations.
Investigators are now tracing the financial trail to establish how much money reached the Rajasthan sites and how much moved elsewhere.
The current provisional attachment includes land parcels at Bilonchi and Kotputli-Behror, a residential plot in Sector 102 in Gurugram and ₹69.06 lakh lying in five bank accounts.
A provisional attachment under the Prevention of Money Laundering Act prevents identified assets from being freely transferred or disposed of while proceedings continue.
It does not by itself establish that the property was acquired through crime.
Promoter Was Arrested in Earlier Phase of Probe
Swaraj Singh Yadav was arrested by the ED in November 2025 in connection with allegations that buyers in affordable housing projects were cheated through arbitrary cancellations and re-allotments.
The agency had earlier attached assets worth around ₹51.57 crore in January 2026.
It also filed a prosecution complaint before the Special PMLA Court at Patiala House Courts in New Delhi.
The present attachment arises mainly from two FIRs registered in Rajasthan in November and December 2025.
The ED says its broader investigation is based on cases registered by Delhi Police’s Economic Offences Wing, Haryana Police and Rajasthan Police alleging cheating, criminal breach of trust, forgery and conspiracy.
Another part of the investigation concerns approximately 39 acres of land allegedly transferred between June and September 2025.
The agency says those transfers were made after relevant FIRs had been registered and involved close associates or other individuals and entities.
Investigators will now examine whether those transactions were ordinary property dealings or attempts to move assets beyond the reach of authorities.
Homebuyers Remain at Centre of the Case
For buyers, the dispute is not simply about financial accounts or land records.
Many allegedly paid for plots years ago and are still waiting for the property they were promised.
The ED’s case will now depend on establishing the flow of money, the status of the four projects and whether assets identified by investigators can legally be treated as proceeds of crime.
Ocean Seven Buildtech and the individuals named in the case are entitled to contest the allegations and attachment proceedings before the appropriate courts and adjudicating authorities.
What this means for you:
Homebuyers should verify project approvals, land titles and development permissions before making large payments. Buyers facing prolonged non-delivery should preserve allotment letters, payment records, conveyance deeds and all communication with the developer.
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