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 being probed under the Prevention of Money Laundering Act (PMLA), 2002. According to the agency, the company allegedly collected around Rs 2,425.99 crore from nearly 4,600 homebuyers on the promise of delivering residential units. With this latest round of attachment, the total value of assets seized in the case has now climbed to approximately Rs 2,399.65 crore.
The Case Traces Back to Multiple FIRs
The ED's Delhi Zonal Office is currently investigating Raheja Developers Ltd, its Director Navin M. Raheja, and other individuals associated with the company. The case originates from multiple FIRs filed by the Economic Offences Wing (EOW), following a wave of complaints from homebuyers who say they were defrauded.
According to the agency, this latest provisional attachment was carried out under the PMLA as part of its broader, ongoing probe into the alleged auditing services in India-style financial irregularities uncovered during the investigation — essentially, a detailed effort to trace exactly how the collected funds were used and where the money eventually went.
Nearly 4,600 Homebuyers Allegedly Affected
Digging into the company's finances, the ED found that Raheja Developers had collected approximately Rs 2,425.99 crore from around 4,600 homebuyers across various real estate projects. The allegation is straightforward but serious — that this money was collected under the promise of delivering residential units that, for many buyers, never materialised as promised. The investigation into the company, its director, and other associated individuals remains ongoing.
How the Total Attachment Reached Rs 2,399.65 Crore
This isn't the first round of asset attachment in this case. The ED had earlier attached properties worth Rs 1,113.81 crore through a Provisional Attachment Order dated April 28 this year, followed by a second attachment of Rs 503.48 crore worth of properties on June 15, 2026. With this newest attachment of Rs 782.36 crore added to the mix, the cumulative value of properties seized in the case now stands at roughly Rs 2,399.65 crore — a significant sum, reflecting the scale of the alleged fraud under investigation.
FAQs
Q1. How much has the ED attached in total in the Raheja Developers case?
With the latest attachment of Rs 782.36 crore, the total value of assets attached in the case now stands at approximately Rs 2,399.65 crore.
Q2. How many homebuyers were allegedly affected in this case?
The ED alleges that Raheja Developers Ltd collected around Rs 2,425.99 crore from nearly 4,600 homebuyers across various real estate projects.
Q3. Under which law has the ED taken action against Raheja Developers?
The action has been taken under the Prevention of Money Laundering Act (PMLA), 2002, based on multiple FIRs filed by the Economic Offences Wing (EOW).