ED Attaches Rs634 Crore Assets Linked to Unitech Golf & Country Club Project in Noida
Moneylife Digital Team 29 May 2026
The directorate of enforcement (ED) has provisionally attached properties worth ₹634.12 crore linked to the Unitech Golf & Country Club (UGCC) project in Noida under the Prevention of Money Laundering Act (PMLA), alleging diversion of funds collected from homebuyers and financial institutions.
 
The attachment order was issued on 27 May 2026 by ED’s headquarters investigation unit in New Delhi in connection with an ongoing money-laundering probe against Unitech Ltd, its promoters, directors and others.
According to ED, the attached assets are connected to the UGCC project spread across sectors 96, 97 and 98 in Noida.
 
The agency said the attachment includes leasehold rights over around 347.83 acres of land, along with equity shareholdings held through consortium and special-purpose company structures involving Sungrace Products (India) Pvt Ltd and CIG Infrastructure Pvt Ltd.
 
ED said the present fair market value of the attached assets linked to the UGCC project is estimated at ₹8,115 crore.
 
The investigation stems from 76 first information reports (FIRs) registered by Delhi police and the central bureau of investigation (CBI) against Unitech, its promoters and others under provisions related to cheating, criminal conspiracy and alleged diversion of homebuyers’ funds.
 
According to the agency, its investigation found that Unitech received ₹16,075.89 crore from homebuyers, investors and financial institutions, out of which ₹7,794.35 crore was allegedly diverted for purposes unrelated to the projects for which the funds were raised.
 
ED alleged that Sungrace Products and CIG Infrastructure derived substantial economic interest in the UGCC project despite allegedly making no proportionate financial contribution towards acquisition or development of the project.
 
Officials said the attachment is aimed at securing proceeds of crime generated through the alleged diversion of funds.
 
The agency said it has so far attached 1,296 movable and immovable properties worth a total of ₹2,281.07 crore in the broader Unitech money-laundering case.
 
ED has already filed one prosecution complaint and two supplementary prosecution complaints before the special PMLA court in Delhi in connection with the matter.
 
The agency said further investigation is underway and reiterated its commitment to recovering proceeds of crime and facilitating restitution to affected homebuyers and other lawful claimants.
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