ED attaches Rs 782 cr Raheja Developers assets

On Saturday, the Enforcement Directorate (ED)’s Delhi office provisionally took control of properties worth about Rs 782.36 crore owned by Raheja Developers Ltd. This action, under the Prevention of Money Laundering Act (PMLA), 2002, brings the total seized assets in the case to Rs 2,399.65 crore.

The latest order focuses on properties linked to Raheja Developers and its top staff, including Director Navin M Raheja. According to ED officials, this is part of a bigger investigation into claims that funds from about 4,600 homebuyers, who paid nearly Rs 2,425.99 crore for homes that were never delivered, were misused. Buyers paid for apartments that were promised but never received, and investigators say much of the money was not used as intended, leaving buyers without homes and limited choices.

The Economic Offences Wing (EOW) of the Delhi Police had already filed several FIRs after complaint from buyers who said they were cheated, which led to the PMLA investigation. This is not the first time the ED has taken action. On April 28, 2026, it took control of properties worth Rs 1,113.81 crore. Another round on June 15, 2026, froze assets worth Rs 503.48 crore. With the latest attachment of Rs 782.36 crore, the total now exceeds Rs 2,399 crore, which is almost the same as the amount allegedly collected from homebuyers.

This large operation shows the ED’s efforts to recover money from crime and help homebuyers who invested their savings. Many buyers are still paying loans for homes they never got.

ED sources say the temporary attachment keeps the assets safe during the investigation. Under the PMLA, these properties cannot be sold, transferred, or used as collateral without the agency’s approval.

The Directorate says the investigation is still going on, and more assets could be attached or arrests made. The case against Raheja Developers reflects a common trend in India’s real estate sector, where companies collect large sums and then delay or abandon projects. This investigation stands out because of the large amounts involved and the extensive use of the PMLA to freeze assets.

For the thousands of families waiting for justice, the latest attachment gives hope that the lost money might be recovered and returned through legal action. Still, the long wait and financial stress have been hard for many. Navin M Raheja and others are still under investigation.

The ED has not said when charge sheets will be filed, but the three big attachment orders in four months show the process is moving faster. With nearly Rs 2,400 crore in assets now attached, authorities are working to break up the financial network built on broken promises. The investigation is ongoing.