Enforcement Directorate Attaches ₹80 Crore of Vatika and Unitech Assets in Ramprastha Homebuyers Fraud Case

New Delhi - The Enforcement Directorate (ED) has intensified its action in the ongoing money-laundering investigation against Ramprastha Promoters and Developers Pvt Ltd (RPDPL) by attaching assets worth approximately ₹80 crore linked to entities associated with the Vatika Group and Unitech Group. The move is part of a broader effort to recover funds allegedly diverted from homebuyers.

Enforcement Directorate action against real estate-linked assets as part of the ongoing Ramprastha Group homebuyers fraud and money-laundering investigation.

The provisional attachment has been issued under the Prevention of Money Laundering Act (PMLA) and covers both movable and immovable assets that investigators believe were acquired using misappropriated homebuyers’ funds. According to the ED, these assets were held by companies that received diverted money instead of the funds being used for completing the promised housing projects.

With this latest action, the total value of assets attached, seized, or frozen in the Ramprastha case has now reached approximately ₹866 crore, underscoring the scale of the alleged financial irregularities. Previous enforcement measures have targeted a wide range of properties and financial holdings connected to the group and its promoters.

The case originates from multiple FIRs registered by the Economic Offences Wings of Delhi and Haryana Police following complaints from homebuyers. The complainants alleged that Ramprastha Promoters and Developers failed to deliver residential units within the promised timelines across several projects launched between 2008 and 2011 in Gurugram, leaving thousands of buyers waiting for possession.

Investigators claim that the company collected more than ₹1,100 crore from over 2,000 homebuyers, but a significant portion of these funds was allegedly diverted to group companies and other entities rather than being invested in project construction. The ED has stated that such diversions were used for purposes unrelated to the original housing developments.

Key promoters of Ramprastha Promoters and Developers have already been arrested and are currently in judicial custody as the investigation continues. The agency is examining financial records, transaction trails, and corporate linkages to identify additional assets connected to the alleged fraud.

The attachment of assets linked to Vatika and Unitech marks another significant step in the enforcement agency’s efforts to secure restitution for affected homebuyers and hold accountable those involved in large-scale real estate fraud. Authorities have indicated that further legal and financial actions may follow as the probe advances.