ED Seizes Rs 82 Crore Properties in Gurugram Real Estate Fraud Case
NEW DELHI: The Enforcement Directorate (ED) has taken a significant step in a major real estate fraud case by attaching immovable properties worth Rs 82 crore in Gurugram. This action is connected to the 'Ansal Hub-83' commercial project, where over 1,000 investors were allegedly defrauded. The project spans a land area of 19 kanal 15 marla (approximately 2.47 acres) and includes 147 commercial shops, 137 office spaces, and two restaurant units.
The Enforcement Directorate initiated the investigation based on an FIR registered by the Haryana Police against the promoters and senior officials of Ansal Housing Limited (formerly known as Ansal Housing Construction Ltd), including its whole-time director Kushagra Ansal, and associated entities—M/s Samyak Projects Private Limited and M/s Aakansha Infrastructure Private Limited.
More than 1,000 investors had invested their hard-earned money in the project based on false assurances and misleading representations. The probe revealed that the project was launched and commercial units were sold even before obtaining the necessary statutory approvals.
Although the project licence expired in December 2015, the developers allegedly continued to collect money and sell units until September 2023 without renewal. Aggrieved investors approached the Haryana Real Estate Regulatory Authority (HRERA), filing complaints over delays in possession, non-completion of the project, illegal collection of funds, and violation of statutory obligations.
Investors were promised timely possession and world-class facilities, but even after nearly 15 years, no occupation certificate has been issued, and possession has not been handed over. The funds collected were not used for completing the project but were instead diverted for other purposes and personal gain, according to the agency.
The ED reported that more than Rs 82 crore was collected from allottees between 2011 and 2023. To prevent any transfer, sale, or disposal of assets, the project land, along with the construction carried out so far, has been provisionally attached.
This case highlights the need for stricter regulatory oversight in the real estate sector to protect investors from fraudulent practices. The Haryana Real Estate Regulatory Authority (HRERA) plays a crucial role in ensuring compliance with statutory obligations and addressing the concerns of aggrieved investors.
The Enforcement Directorate's action is a significant step towards holding the developers accountable and recovering the funds for the affected investors. The investigation is ongoing, and further legal actions are expected to be taken to ensure justice for the victims.
