The Enforcement Directorate (ED) has provisionally attached properties worth ₹681.54 crore belonging to Ramprastha Promoters and Developers Pvt Ltd (RPDPL) in Gurugram, targeting the real estate group for allegedly defrauding over 2,000 homebuyers. The action, executed under the Prevention of Money Laundering Act (PMLA), 2002, includes 226 acres of Ramprastha City colonies in Sectors 37D, 92, and 95, and 1,700 acres of land in Basai, Gadoli Kalan, Hayatpur, and Wazipur, the ED announced Saturday.
The case stems from multiple FIRs filed by the Economic Offences Wing (EOW) of Delhi and Haryana Police, following complaints against RPDPL and its promoters, including Arvind Walia, Balwant Chaudhary, and Sandeep Yadav.
The ED’s probe revealed that RPDPL’s projects—Project Edge, Project Skyz, Project Rise, and Ramprastha City—launched between 2008 and 2011, remain undelivered after 14-17 years. The company collected ₹1,100 crore from homebuyers but allegedly diverted funds to group companies for land purchases instead of completing the promised homes.
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Neither RPDPL nor its directors were available for comment. The ED’s action, part of a broader crackdown on real estate fraud, follows similar attachments against firms like Unitech and Three C Shelters, signaling intensified scrutiny of developers failing to deliver to homebuyers.
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