ED Attaches Additional ₹503 Crore Assets Of Raheja Developers; Total Seizures Rise To ₹1,617 Crore
ED Attaches Additional ₹503 Crore Assets Of Raheja Developers; Total Seizures Rise To ₹1,617 Crore
Mumbai, June 17, 2026: The Enforcement Directorate (ED) has provisionally attached assets valued at approximately ₹503.48 crore belonging to Raheja Developers Ltd., promoter Navin Raheja and members of his family as part of an ongoing money laundering investigation linked to alleged homebuyer fraud.
The attachment has been carried out under the provisions of the Prevention of Money Laundering Act (PMLA), 2002. With this latest action, the total value of assets attached in the case has increased to around ₹1,617.29 crore.
The investigation originates from multiple First Information Reports (FIRs) registered by the Economic Offences Wing (EOW) following complaints from homebuyers who alleged that they were not given possession of promised residential units despite making substantial payments over several years.
According to ED officials, the company is alleged to have collected nearly ₹2,425.99 crore from about 4,600 homebuyers across various residential and commercial projects. Investigators suspect that a significant portion of these funds was diverted through associated companies and related entities rather than being used for project development and completion.
The agency claims to have identified a complex pattern of financial transactions that allegedly facilitated the movement of funds between different entities. Investigators are examining whether money raised from one project was redirected elsewhere, resulting in stalled developments and financial hardship for thousands of buyers.
The latest attachment follows a previous action taken in April 2026, when assets worth approximately ₹1,113.81 crore were provisionally attached. Those assets included land parcels, commercial properties and other investments allegedly linked to the developer and associated entities.
During searches conducted in connection with the case, the ED also seized jewellery and bullion valued at about ₹15.82 crore, along with foreign currency, documents and electronic devices. Authorities are currently analysing the seized material to trace the alleged money trail and identify all beneficiaries connected to the transactions under scrutiny.
The case has attracted widespread attention due to the large number of affected homebuyers and the scale of the alleged financial irregularities. The ED has stated that further investigations are underway to trace additional assets, identify beneficiaries and determine the full extent of the suspected diversion and laundering of funds.
With total attachments now exceeding ₹1,617 crore, the Raheja Developers investigation is among the largest real estate-related money laundering probes involving alleged misuse of homebuyers’ funds in the country.
