Raheja Developers Assets Worth ₹782.36 Crore Attached by ED in Home-buyers' Fraud Probe
Moneylife Digital Team 03 August 2026
The directorate of enforcement (ED) has provisionally attached immovable properties belonging to Raheja Developers Ltd with an estimated current market value of about ₹782.36 crore as part of its money laundering investigation into the real estate company and its promoters.
 
The attachment has been made under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, the agency said.
 
ED's Delhi zonal office is investigating Raheja Developers, the company director Navin M Raheja and other associated persons in connection with an alleged homebuyers' fraud case arising out of multiple first information reports (FIRs) registered by the economic offences wing (EOW).
 
According to ED, the FIRs were registered on the basis of complaints filed by numerous homebuyers who alleged they had been defrauded by the company.
 
During the investigation, the agency found that Raheja Developers had collected about ₹2,425.99 crore from around 4,600 homebuyers for various real estate projects launched with the promise of providing residential units.
 
ED alleged that the company collected the money under the pretext of delivering homes but is investigating allegations of diversion and misuse of the funds. The agency said the present attachment forms part of its ongoing efforts to trace and secure assets linked to the alleged proceeds of crime.
 
This is the third major attachment in the case.
 
Earlier, ED had attached properties with an estimated market value of ₹1,113.81 crore through a provisional attachment order (PAO) issued on 28 April 2026. This was followed by another attachment of assets worth ₹503.48 crore through a PAO dated 15 June 2026.
 
With the latest provisional attachment of properties valued at ₹782.36 crore, the cumulative estimated market value of assets attached in the case has reached about ₹2,399.65 crore.
 
Further investigation into the alleged money laundering and fund diversion is continuing, ED said.
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