The Directorate of Enforcement (ED) has provisionally attached movable and immovable assets worth ₹80.03 crore in connection with an alleged real estate fraud in Gurugram, where over 2,600 homebuyers were cheated of approximately ₹1,100 crore by M/s Ramprastha Promoters & Developers Pvt. Ltd. (RPDPL).
The attachment was carried out on December 17, 2025, under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, by the ED’s Gurugram Zonal Office.
Funds Diverted Instead of Project Completion
According to the ED, the attached assets include properties belonging not only to Ramprastha Group, but also to Vatika Group, Unitech Group and other entities, to whom the homebuyers’ funds were allegedly diverted. The money, instead of being utilised for construction and delivery of homes, was siphoned off under the guise of loans, advances and land transactions.
The investigation was initiated based on multiple FIRs registered by the Economic Offences Wing (EOW), New Delhi and Haryana Police, which alleged large-scale cheating and fraud of flat buyers and plot buyers.
Projects Launched, Possession Delayed by Over a Decade
ED investigation revealed that RPDPL had launched several residential projects between 2008 and 2011, including:
- Project Edge
- Project Skyz
- Project Rise
- Ramprastha City (plotted colony)
These projects are located in Sectors 37D, 92, 93 and 95 of Gurugram. While possession was promised within 3 to 4 years, buyers are still waiting even after 10 to 14 years, the agency said.
₹1,100 Crore Collected from Homebuyers
The ED stated that RPDPL collected approximately ₹1,100 crore from more than 2,600 homebuyers, but the funds were systematically diverted to group and non-group companies rather than being used for project execution.
Directors Arrested, Total Attachments Cross ₹866 Crore
Earlier in the case, the ED arrested Arvind Walia and Sandeep Yadav, Directors and majority shareholders of RPDPL, on July 21, 2025. Both are currently in judicial custody.
The agency has also conducted extensive search and seizure operations, leading to two earlier Provisional Attachment Orders covering bank balances, movable assets and immovable properties of RPDPL, its group companies and directors. Prior to the latest attachment, assets worth approximately ₹786 crore had already been attached or seized.
With the current attachment of ₹80.03 crore, the total value of assets attached/seized in the case now stands at approximately ₹866 crore, the ED said.
The investigation is ongoing.
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