ED Cracks Down: Rs 557 Crore Assets Attached in Gurugram Real Estate Fraud
In a significant move to combat real estate fraud, the Enforcement Directorate (ED) has provisionally attached assets worth Rs 557.43 crore belonging to Mahira Infratech Pvt. Ltd. (formerly M/s Sai Aaina Farms Pvt. Ltd.), M/s Mahira Buildtech Pvt. Ltd., and M/s Czar Buildwell Pvt. Ltd. The assets were attached under the Prevention of Money Laundering Act (PMLA), 2002, marking a major crackdown on fraudulent practices in the real estate sector.
The attached properties include seven immovable assets comprising residential and commercial land across sectors 68, 63A, 103, 104, 92, 88B, and 95 in Gurugram. Additionally, the ED has frozen fixed deposit receipts (FDRs) worth approximately Rs 97 lakh held by linked companies. This move is aimed at preventing the siphoning off of funds and ensuring that the defrauded homebuyers are provided some form of financial relief.
The ED initiated its probe based on FIRs filed by the Gurugram Police, alleging cheating and forgery by Mahira-linked firms. These firms submitted forged documents, including fake bank guarantees, to fraudulently obtain development licenses for affordable housing projects in Gurugram sectors 68, 103, and 104. Over Rs 616 crore was collected from more than 3,700 homebuyers for these projects. However, the company failed to deliver the promised homes, leading to widespread outrage and legal action.
Investigations revealed that the funds were siphoned off using fake construction invoices raised by related parties. Money was diverted to group companies as unsecured loans and misused for personal gain by the promoters. This systematic fraud not only defrauded homebuyers but also undermined the trust in the real estate market.
This isn’t the ED’s first action in the case. The agency had previously attached assets worth Rs 81.07 crore on February 15, 2024, and March 26, 2025. These assets were linked to M/s Sai Aaina Farms, Mahira Buildtech, D S Home Construction, and individuals such as Sikandar Singh, Dharam Singh Chhoker (former MLA), and Vikas Chhoker. Sikandar Singh, one of the main promoters, was arrested on April 30, 2024. Following his arrest, the ED filed a prosecution complaint that has been acknowledged by the Special Court in Gurugram.
Another key accused, former MLA Dharam Singh Chhoker, was arrested on May 5, 2025, after evading arrest for over a year despite six non-bailable warrants. Meanwhile, Vikas Chhoker remains on the run, with the Gurugram court issuing a formal proclamation declaring him an absconder.
With prominent political and real estate figures under the scanner, the case has turned into one of the largest housing scams in Gurugram. The ED has stated that investigations are ongoing, and more assets could be attached as financial irregularities are uncovered. The Special Court in Gurugram is currently hearing the matter, and further legal action is expected against other involved entities and individuals.
This case highlights the need for stricter regulation and oversight in the real estate sector to protect homebuyers and maintain the integrity of the market. The ED’s actions are a significant step towards ensuring accountability and justice for the victims of this massive fraud.
