Homebuyers duped: ED attaches land parcels worth ₹585 crore in Haryana, Uttar Pradesh

Key Highlights

• “An order was issued on Friday (January 9, 2026) under the Prevention of Money Laundering Act (PMLA) for provisional attachment of 340 acres of land located in Gurugram, Faridabad, Palwal and Bahadurgarh in Haryana and Meerut and Ghaziabad in Uttar Pradesh,” it said.
• The ED said the total value of these plots is ₹585.46 crore.
• The money-laundering case stems from 74 FIRs and charge sheets filed by Haryana and Delhi police against the company and its promoters on the charge of cheating "numerous" homebuyers by failing to deliver promised flats and units even after a delay of 12-19 years.
• The ED said the realty company launched several residential group housing projects in Gurugram, Faridabad and Palwal in Haryana and collected ₹1,075 crore as advance booking amount from 4,771 customers across eight projects — Cosmocourt, Cosmocity-I, Cosmocity-III, Skyville, Redwood Residency, Era Green World, Era Divine Court and ADEL Divine Court.
• “These projects, launched in 2006-2012, remain "incomplete" till today,” the agency said.